Raptor Bites Into VC Market With $32M Toward Fund I

By Scott Denne

Raptor Ventures, an early-stage East Coast investor, has raised $32.2 million toward its inaugural fund, according to a regulatory filing.

With offices in New York and Boston, the firm, which is the venture arm of hedge fund Raptor Capital Management, could raise as much as $75 million for Raptor Ventures I LP, according to the filing with the Securities and Exchange Commission.

A representative of the firm didn't respond to a request for comment.

Raptor generally takes a leading role in seed and Series A investments, with a particular focus on music, advertising, branding, e-commerce, digital media, broadcasting, content creation, sports, social gaming, data, travel, hospitality and entertainment, according to its website.

A typical investment ranges from $250,000 to $3 million, with more reserved for follow-on rounds.

Raptor's investments to date include SecurityPoint Media LLC, which puts advertisements in security bins at airports; GraphScience Inc., which helps companies optimize their marketing spending on Facebook; DeezGames, a gaming company; and Sonic Notify Inc., which uses sound to send media to mobile devices based on their location.

The firm is run by James Pallotta, Raptor Capital Management's founder and chairman; Harry DeMott, a managing director; William Peng, an associate; and Elias Ladopoulos, its venture technologist.

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