Upfront Ventures is already raising a new fund

Nov 20, 2014

Well, that was fast.

Upfront Ventures is seeking to raise upwards of $250 million for its fifth fund, according to a regulatory filing. This comes less than 18 months after the Santa Monica-based firm closed its fourth fund with $200 million, and rebranded from GRP Partners.

Since that point, there have been a number of changes to the Upfront partnership, including the departure of Brian McLoughlin and the additions of Greg Bettinelli (ex-HauteLook) and Kara Nortman (ex-Urbanspoon/Citysearch). Upfront also experienced its first giant tech win in its local market, when portfolio company when The Walt Disney Co. (dis) agreed to buy Maker Studios for at least $500 million. It also backed TrueCar (true), which went public back in May.

Fortune has reached out to Upfront's Mark Suster for comment, although VCs rarely discuss active fundraising efforts.

Get our daily newsletter on deals and deal-makers:

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: 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