• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Scott Bessent dared the $32 trillion bond market with 'I am the house now' statement. It didn’t listen

2

Billionaire Coinbase CEO Brian Armstrong says most charities are 'net negative'—and that he has no plans to make his own foundation

3

This former Navy SEAL spent 5 years in private equity working 100-hour weeks before quitting and building a $9 billion startup

1

Scott Bessent dared the $32 trillion bond market with 'I am the house now' statement. It didn’t listen

2

Billionaire Coinbase CEO Brian Armstrong says most charities are 'net negative'—and that he has no plans to make his own foundation

3

This former Navy SEAL spent 5 years in private equity working 100-hour weeks before quitting and building a $9 billion startup

Exclusive: Floodgate raises $75 million for fund

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
July 31, 2012, 4:04 PM ET
Google source logo
Add Fortune on Google for similar content.

FORTUNE — Early-stage tech investor Mike Maples made some headlines yesterday, when his Floodgate Fund disclosed in an SEC filing that it is seeking $75 million for its fourth fund. Actually, make that was seeking.

Fortune has learned that the fund is already closed, without even having to solicit new investors.

“In keeping with our investment strategy, our fund size and investor group has remained the same as with Fund III,” Maples wrote in an email. “We are grateful to our LPs for their continued support.”

Don’t expect any strategy shift for Floodgate, which looks to “bridge the gap between initial seed money raised from traditional ‘angel’ investors and the much larger investments that characterize traditional venture capitalists.” Portfolio companies include Chegg, Circle of Moms, FormSpring, ModCloth, SolarWinds, TaskRabbit and Twitter. Exited deals include Kongregate (acquired by GameStop), Playdom (sold to Disney) and Dasient (acquired by Twitter).

In addition to Maples, Floodgate is managed by Ann Miura-Ko, a lecturer in the School of Engineering at Stanford University.

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

About the Author
By Dan Primack
See full bioRight Arrow Button Icon

Latest in


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.