Eniac Ventures

growth-positive

Eniac Ventures has closed two funds totaling $220 million. The New York-based firm raised $60 million for Select 1, its vehicle for later-stage investments in portfolio companies, and $160 million for Eniac VI. The firm has made 11 investments out of Select 1, which closed in 2021 but was not publicly announced until now. Eniac plans to make its first investment out of its sixth fund soon and expects to make about 40 investments across both funds. The firms average check size for new investments is $1.5 million.