- Precursor Ventures recently filed paperwork with the SEC revealing that it is planning to raise as much as $40 million for its third flagship fund
Precursor Ventures recently filed paperwork with the SEC revealing that it is planning to raise as much as $40 million for its third flagship fund, according to Crunchbase. Even though the filing says that capital has not been raised yet, investors generally file Form D documents immediately to calling down pre-committed capital from limited partners.
Precursor Ventures is led by Charles Hudson — who is the sole general partner of the firm. Hudson is also known for working as a venture partner at Uncork Capital (formerly SoftTech VC).
Hudson also serves on the teaching team for Entrepreneurship from Diverse Perspectives, which is a course at Stanford’s Graduate School of Business. The investment team at the firm also includes Sydney Thomas and Ayanna Kerrison. And former Google executive Chapman Snowden is working at the firm as an EIR.
The predecessor to this round closed at $31 million in February 2019 and it was oversubscribed. And the first fund closed at more than $15 million in late 2016.
Precursor commits around $100,000 to $250,000 for first rounds of funding and the firm also makes follow-on investments. And Precursor is dedicated to investing in founders who represent a “wide variety of backgrounds in terms of gender, race, background, academic experience and life circumstances.”
Some of Precursor’s portfolio companies include AnyRoad, Aunt Flow, Betty Labs, Carrot, Clover Intelligence, DogSpot, Maven Technologies, Oliver, Passport, Pico, Spoonful, Squad, Tressle, Werk, and Zero.
