Silicon Valley venture capital firm Storm Ventures has quietly raised its fifth fund with $180 million in capital commitments.
That’s a bit above the $150 million target, with co-founding partner Tae Hea Nahm saying that “there is a huge amount of money available right now and we could have raised almost double.”
The Menlo Park-based firm plans to continue focusing on early-stage investments, with an emphasis on enterprise tech.
Storm has three partners on this fund — Nahm, Ryan Floyd and Jason Lemkin — with co-founders Sanjay Subhedar and Alex Mendez moving into advisory roles (they may invest via Storm on an ad hoc basis).
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