Resolute Ventures returns with fourth fund, just 19 months after Fund III close

Resolute Ventures is back with its second fundraise in 19 months through the launch of a new vehicle eyeing up to $75m.

Portfolio businesses backed by Resolute to date include microfinance company Asaak, investment club business Flipside Crypto and financial data search provider Eido Search.

The seed and ‘pre-seed’ investment house was co-founded by former Polaris Venture Partners general partner Michael Hirshland in 2011.

Since then it has raised $45m for its debut fund in 2012, $40m for Fund II in 2014, and $65m for a third flagship fund last year.

Backers of its last fund included Foundry Next, The Hillman Company, Medley Partners, Morgan Stanley, Top Tier Capital, and Vintage Investment Partners.

No capital has been registered for Fund IV to date according to a filing Resolute lodged with the US SEC.

Typical Resolute investments are in the neighborhood of $500,000, although it says it will write smaller cheques for very early ‘pre-seed’ opportunities with founders and visions it finds especially compelling.

Resolute portfolio businesses saw a strong fundraising summer, with Opendoor raising $325m to push its valuation above $2bn, Signifyd picking up $100m through a Premji Invest-led Series D, and Greenhouse raised a $50m Series D from Riverwood Capital.

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