K9 Ventures digs for $40 million bone

Apr 18, 2012


"Super angel" Manu Kumar is raising a new fund.

K9 Ventures is seeking to raise around $40 million for its second investment fund, Fortune has learned.

The Palo Alto, Calif.-based firm was founded several years ago by serial entrepreneur Manu Kumar, to invest in concept-stage (sub-$100k investments) and seed-stage (sub-$1m) technology companies in the Bay Area. It raised $6.5 million for its debut fund, whose portfolio includes CrowdFlower, Twilio, Lumber Labs and Zimride.

Kumar declined to comment on the fundraise, citing SEC marketing restrictions. On its website, K9 explains its canine moniker:

Dogs have many different traits that can be useful at different times. They can be your best friend, be loyal, loving, aggressive, intelligent. Companies, especially startups, require different forms of support at different times of their lifecycle. If a dog is “Man’s best friend,” you can think of K9 Ventures as the “Startup’s best friend.”

Sign up for Dan's daily email newsletter on deals and deal-makers: GetTermSheet.com

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions