https://www.youtube.com/watch?v=EV4VlqPOvpA&t=2s Eniac Ventures is announcing the close of a $100 million venture fund, the fourth since the group..
Eniac Ventures is announcing the close of a $100 million venture fund, the fourth since the group formed in 2009.
The seed-stage firm plans to use the money to invest in augmented reality, virtual reality, bots, robotics and other software-enabled technologies.
“VR is really a pathway to mixed reality,” said Vic Singh, founding general partner at Eniac. It’s “very early days and we’ll see how it shakes out, but investing in the tools layer is where we’re focused on.”
The $100 million is the largest fund for Eniac, which closed its previous $55 million fund a little over two years ago. They plan to use the additional capital to lead more rounds and make some follow-on investments.
