DreamIt Ventures raises stakes; files to raise up to $50mm

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Bryn Mawr-based DreamIt Ventures has filed a Form D with the SEC to raise a fund of up to $50 million, FormDs.com reports.

The fund, DreamIt Fund II, L.P, reported its first date of sale as 9/28/2012 and said it had sold $1.45 million so far. The SEC filing was dated 10/5/2012.

DreamIt now runs programs in Philadelphia, New York, Austin, and Israel. I do not know how much capital DreamIt has raised in the past, but would guess this is a much larger fund than what it has raised previously.



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