Upfront Ventures is relocating to the heart of the Santa Monica startup community.
“One of the biggest knocks on the LA startup ecosystem has been a dearth of local capital, particularly beyond the Seed stage. It’s not a problem that can be solved overnight, but one VC firm is doing its part to grab the title of biggest checkbook in town. Today, 17-year-old local firm GRP Partners announced the official close of its widely-anticipated fourth fund, which came in at $200 million, a slight uptick from rumors placing it between $150 to $175 million…”
Mark Suster: New, $200M Fund, and GRP’s New Name, Upfront Ventures [web]