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United States : MONETA VENTURES introduces $19M venture capital fund

May 8, 2014

Moneta Ventures LP declared that it has introduced a new $19 million venture capital fund, which seeks to make early stage investments in Northern California technology companies.

Lokesh Sikaria, general partner, commented the fund concluded its initial close of funds April 30 with $19 million. Sikaria aims to invest in companies outside of the Bay Area or Los Angeles.

He stated We feel that there are a lot of deserving companies that cannot find funding. It could also invest in Silicon Valley companies, which it would move to Folsom. The fund requires for investment in software, cloud services, internet and consumer services.

When you get them to relocate, it helps the ecosystem here, he added.

Sikaria, aging 43, is working in Folsom since 1994 when he was engaged as a Price Waterhouse consultant with Intel Corp. in Folsom. Most recently, he was the founder and CEO of Sparta Consulting, which was a Folsom-based systems integrator for SAP AG software systems.

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Source: TendersInfo (India)

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