Dan Primack

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

Foursquare backer has a new fund

October 7, 2010: 10:29 AM ET

O'Reilly AlphaTech Ventures (OATV) has quietly closed its second fund with $60 million in capital commitments, Fortune.com has learned. The San Francisco-based venture shop had been targeting $50 million, in line with the $51 million debut vehicle it raised in 2007.

OATV focuses on early-stage IT opportunities, and has really made its mark on the consumer Internet space with investments like Foursquare, Bit.ly and TripIt.

Other deals include OpenX (online ad server), Chumby (WiFi device for consumer market) and OpenCandy (online community for software engineers).

The firm is co-managed by partners Bryce Roberts and Mark Jacobsen. Roberts declined to comment on the fundraise.

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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