In light of NEA's big fund news, we took a look at a few megafunds yesterday. Today, in homage to K9 Ventures and Forerunner Ventures' recently closed $40 million funds, we're checking out microfunds. According to the PitchBook Platform, 20 U.S. venture capital funds under $50 million have been closed since the beginning of 2012. The fund size ranges from MicroAngel Capital Partners' second fund, which closed on $400,000 in June, to Core Innovation Capital's first fund, which closed on $45 million in March. Up until the latest fund news from Bay Area-based firms K9 and Forerunner, the Northeast and West Coast were competing neck and neck as the regions with the most sub-$50 million microfunds, with one third apiece. Now, the West Coast has taken the lead with 40%.
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