Findmeashoe, OS Labs raise investments from Ventureast’s new tech fund
The VC firm just announced the first close of its sixth fund — —Ventureast Procative Fund II (VPF2). In an interaction with Techcircle, Sarath Naru, managing partner of Ventureast, said VPF2 has raised $83 million in the first round its technology fund for which it ultimately plans to raise $150 million. The first closure of the month was delayed by about a year as the VC firm had hoped to accomplish it by the second quarter of 2015. The firm hopes to close the fund in the next six months, Naru said.