Early Stage Venture Firm in Sacramento Raises 25$ Million for Second Fund

Moneta Ventures, a micro VC firm in Sacramento, had a debut fund of $25 million early 2015 and just closed a fast follow-up fund of the same amount last year’s. The new fund will be left open until the end of the year or until it reaches 30$ million in capital commitments.

Moneta Ventures’ advantage could be the fact that they may be the only early-stage venture firm in Sacramento unlike California, which has a lot of VCs. So it doesn’t face much competition especially when it comes to funding startups of interest in the area. Some of these startups include healthcare commerce, Kura MD; game maker 5th Planet Games; and telemedicine company TeleMed2U.

Originally, the micro VC firm had set out to fund companies that have at least $500,000 worth of annual revenue. Right now, however, it is willing to issue smaller checks for pre-revenue startups and invest in companies that have up to $10 million worth of annual revenue but have yet to raise outside capital.

It’s most likely that 40% of Moneta Ventures’ new fund will be targeting enterprise startups. The rest will be divided among healthcare, digital tech and consumer startups.

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Camille Marie Marcon is a professional creative content writer who has worked for international companies from American to British to Australian and now Japanese. She has also worked as Freelance Marketing Consultant for a local startup in Cebu.