Los Angeles–based venture capital fund Morpheus Ventures has held a final close for its second discretionary capital fund (Fund II).
The oversubscribed fund has exceeded its target of $200 million in commitments and is primed to continue investing in disruptive technology companies across fintech, insurance tech, proptech, robotics/automation and selected frontier technologies.
"With this closing, the new fund takes the total committed capital across all Morpheus funds and vehicles to over $300 million, making us one of the largest early-stage VC funds in Los Angeles,” said Joseph Miller, managing partner of Morpheus.
Fund II is backed by leading endowments, private pensions, funds of funds, corporate balance sheets, wealth managers and family offices in North America, Australia and Asia.