Storm Ventures has registered its intention to raise its sixth flagship venture capital vehicle.
No target has been announced so far, however the firm pulled in $180m for fund’s predecessor back in 2015.
The firm is yet to register any capital commitments for the latest fund according to a filing with the US Securities and Exchange Commission.
Storm had previously seen its fund sizes dwindling since raising $312m for Fund II in 2000, having gone on to collect $220m for Fund III in 2005 and at least $96m for Fund IV in 2011, but saw a resurgence in capital through the Fund V raise.
This latest fund is expected to follow the same strategy as its last flagship offering, investing in early-stage businesses in the software-as-a-service sector.
Storm’s previous investments have included blockchain-based identity management system ShoCard and cloud security and compliance risk platform RedLock.
The third fund was backed by institutional investors such as Alfred I duPont Trust, Flag Capital, General Motors Asset Management, Goldman Sachs, Vencap and Spur Capital.
Earlier this year Storm Ventures appointed Paul Willard and Arun Penmetsa as its latest partners.
