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Foundation Capital Raises $282M For Seventh Fund, Will Focus Mainly On Early-Stage Investments

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http://techcrunch.com – Foundation Capital is announcing its seventh fund, Foundation Capital Fund VII. The VC firm has raised $282 million in new capital, bringing total capital under management to $2.7 billion over 17 years. We’re told the focus of this new fund will be primarily early-stage investing in the consumer internet, information technology and cleantech sectors. We’re told the fund will be invested by firm partners Anamitra Banerji, William Elmore, Ashu Garg, Paul Holland, Charles Moldow, Ashmeet Sidana, Steve Vassallo and Warren Weiss. Banerji, who was previously a former Twitter product lead (IT news)