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Founder Collective Raises $70 Million For New Fund

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http://techcrunch.com – Founder Collective, a seed-stage investment fund, has rasied $70 million for a new fund (Founder Collective II), according to a blog post from the firm. The fund, which started making investments in 2009, was founded by Caterina Fake, Chris Dixon, Zach Klein, Mark Gerson, Bill Trenchard, Eric Paley, Micah Rosenbloom and Scott Heiferman. Founder Collective’s first fund, which totaled $40 million, has made investments in a number of startups over the past few years including Pair, Milo, SeatGeek, Factual, Venmo, Posterous, Betaworks, BillGuard and Canvas. As Paley, Managing Partner at Fou (IT news)