A lender of high-risk capital to women-led companies has raised a second fund worth $5 million, and intends to raise more capital in 2010.
The second effort from the women running the Texas Women Ventures Fund is what’s called a “sidecar fund,” meaning it co-invests with other entities, letting others control how and where to put money to work.
Dubbed “Texas Women Ventures Fund — Side LP,” the fund will co-invest alongside the first Texas Women Ventures funds, as well as future funds.
The first fund is worth $5 million and is 80% invested.
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