Business

New VC, Level Equity, Joins Silicon Alley Party with $120 M. Fund

The local ecosystem is already flooded with early stage capital, with venture firms in California and Boston directing more of

The local ecosystem is already flooded with early stage capital, with venture firms in California and Boston directing more of their investment towards New York.

Now a group of digital vets has raised a monster $120 million fund for Level Equity, to invest in media and tech firms. Three of the founders — Benjamin Levin, George McCulloch and Sarah Haas, come from Insight Ventures, with Glen Shields joing from LeverPoint.

The group has a number of IPOs under its belt and Insight has a couple of hot web companies in its portfolio, including Flipboard and Twitter.

Filed Under: Business, level equity, nyc vc, Funding

SEE ALSO: Elon Musk Says Twitter Has Lost Half Its Value Since He Paid $44 Billion For It

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