New Stack Ventures Closes Second Fund, at $42.6M New Stack Ventures, a Chicago, IL-based early-stage enterprise agency devoted to investing in Silicon Valley outsiders, closed its second fund, at $42.6m.

Led by Nick Moran, Founder and Normal Accomplice, New Stack Ventures makes angel, pre-seed, and seed stage investments into B2B SaaS startups reworking massive legacy industries like finance, healthcare, cyber safety, provide chain, building, and actual property. The only-partner fund makes angel, pre-seed, and seed stage investments–usually between $500K — $1.5M–into early-stage startups, The agency has a present portfolio of 38 firms together with Hologram, Cybrary, Fairmarkit, and Covie. New Stack additionally seeks offers outdoors of Los Angeles, New York Metropolis, and the San Francisco Bay Space.