https://techcrunch.com/2024/04/24/seed-stage-firm-eniac-ventures-raises-220m-across-two-funds/

Eniac Ventures has closed two funds totaling $220 million, the seed-stage firm shared exclusively with TechCrunch.

New York-based Eniac has raised $60 million for Select 1, the firm’s vehicle for follow-on later-stage investments in portfolio companies, and $160 million for Eniac VI. The firm has made 11 investments out of Select 1, which actually closed in 2021 but was not publicly announced until now. The firm plans to make its first investment “shortly” out of its sixth fund, according to co-founder and general partner Nihal Mehta. It plans to make about 40 investments across both funds.