Crane Venture Partners: Closes Second Fund, At $140M

Crane Venture Partners Closes Second Fund, At $140M

• Crane Venture Partners, a London, UK-based early stage venture capital firm, closed its second fund, at $140 million
• Anchor LPs include Massachusetts Mutual Life Insurance Company (MassMutual), British Patient Capital, a Sovereign Wealth Fund and Fund of Funds
• The fund focuses on the open source, artificial intelligence, data and developer tools being used to build the world’s digital foundations
• Crane has tightened its investment focus while expanding its geographic reach with its second fund
• The first fund included 60 percent of investments in the UK, 20 percent in Germany and 10 percent in Swiss companies
• Founded in 2015, CraneVenture Partners raised $90 million for its first fund in 2019