This brings the total amount raised over the past 6 months to nearly $50 million. It’s important to note that Sacca operates a number of other funds, so this recent $20 million and the previous raises could be used in his other investment vehicles. As Lowercase’s account cryptically Tweeted yesterday, #4: closed.
As GigaOm’s Liz Gannes wrote earlier this summer, Sacca operates a fund that makes investments in early-stage startups, and one that buys secondary market shares of companies such as Twitter and Facebook. Another two funds are jointly run with New York-based investors, and are focused on taking large public companies private in Hollywood, transportation and wireless. A fifth fund buys founder shares of early stage companies under the Lowercase brand.
Lowercase’s previous investments include SimpleGeo, Fanbridge, DailyBooth, Posterous and Stickybits. And Lowercase has been on an funding tear, participating in a number of recent rounds in hot startups, including Embed.ly, Chartbeat, and Backupify.
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Authors: Leena Rao