CommonAngels raises $10M fund

By Galen Moore

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CommonAngels has raised $10 million for its third co-investment fund, the Lexington angel-investing group reports in a regulatory filing today. The filing did not disclose the fund’s minimum investment or the number of investors who participated.

The funds raised so far fall just short of CommonAngels’ last fundraise, which closed the group’s second fund at $10.7 million.

CommonAngels has used its two previous co-investment funds, raised from limited partners, to invest alongside its group of 75 private investors. The strategy combines a classic angel group structure with a structure typical of institutional venture firms.

Managing directors James Geshwiler and Chris Sheehan could not be reached for comment.

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