London-based VC Forward Partners has closed its new early stage fund with £60m.
The firm counts peer-to-peer lending platform Zopa among its portfolio having contributed to its Series D round in December 2012.
The fund comes from a single unnamed LP that is reported to be a major institutional investor.
Forward Partners says the investor is not the Forward Internet Group which the fund was originally established by.
It also highlighted it would remain an independent investment vehicle.
Forward invests in startups from idea to seed stage and offers a support team of marketers, recruiters and designer to help grow companies.
It says it will continue to focus on e-commerce and marketplaces across all verticals.
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