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Lee Hower, co-founder, NextView Ventures

Thursday, April 14, 2011

NextView Ventures raises $8M of $25M first fund

By Galen Moore

About one year after it began to form, NextView Ventures has gotten nearly a third of the way, at least, to a $25 million target for its first fund.

In a regulatory filing posted Wednesday, the freshman venture capital firm reported it has so far raised $8.1 million. The target for NextView Ventures LP is $25 million, according to the filing. It did not disclose the number of limited partners who have invested in the fund.

NextView was formed in 2010 by three young Boston-area VCs: David Beisel, formerly a vice president at Venrock in Cambridge; Rob Go, formerly a principal at Spark Capital in Boston; and Lee Hower, formerly a principal at Point Judith Ventures in Providence, R.I.

The three have so far disclosed nine investments, and according to their website have made three more undisclosed deals.

Mass High Tech broke the news of the firm’s founding in May 2010.

Reached by email, Hower declined to comment for this story.

 

 

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