NYC Investor Metamorphic Raises $70 Million For Super Seed Fund

TechCrunch

Metamorphic Ventures , the New York-based seed fund behind startups like the crowdfunding hit Indiegogo , has raised $70 million for a new super-seed fund.

As follow-on rounds get larger and bigger investors begin dipping down to take stakes at earlier stages, the fund, which had previously raised $20 million, realized it needed to super-size to hold on to its stakes in winning companies, according to managing partner and co-founder David Hirsch.

“We didn’t want to lose the potential for farming it all away,” said Hirsch, previously Google’s number two employee in New York. “We want to be able to take advantage of the market between seed and Series A. [And] we wanted to have the ability to infuse more capital post seed and build better positions before people go out for the mega-rounds.”

Metamorphic isn’t the first firm to raise a bigger war chest for investments — even at…

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