Hollywood actor Ashton Kutcher and talent manager Guy Oseary are out targeting up to $150m for a new fund through their venture capital firm Sound Ventures.
The LA-based firm, which the pair founded in 2015, looks to invest in early stage to growth stage technology companies within enterprise to consumer areas.
No capital has been raised for Sound Ventures II to date according to a filing the firm lodged with the US securities regulator.
The firm has shown interest in the FinTech sector, completing two deals in the space this year.
Earlier in the month, Sound Ventures contributed to the $36m Series B round of patient financial management platform Cedar. The company helps healthcare providers improve their payment process by implementing machine learning and data science technology to create optimal outreach strategies.
Another deal this year was a $400,000 cash prize for LearnLux, which won the firm’s Perfect Pitch competition. The personal finance company won the challenge which initially was a $100,000 cash prize; however, Ashton Kutcher chose to double it, and Salesforce CEO Marc Benioff also decided to invest $200,000.
Last year Sound named Effie Epstein as managing partner and COO, making her responsible for everyday fund management including fund allocation and strategy, investments and portfolio company value-creation.
Prior to Sound she led global strategy at Marsh & McLennan’s financial services division.
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