Data Collective just closed $125 million for its third investment fund, according to a Form D submitted to the US Securities and Exchanges Commission. The company invests solely in the big data and data science startups, according to VentureBeat.
TechCrunch cited managing partner Zack Bogue saying: "We saw that there was a crazy amount of value being generated in the big data area. But the area at the time was somewhat unloved. But these companies were already having a huge impact on the industry."
Matt Ocko, another managing partner, has been investing and advising startups for three decades already. Zynga, BranchOut, and CrowdMob are among the companies that he has backed. Bogue, on the other hand, is an expert in the analytics field. He has invested in Square and is one of the people behind coworking space Founders Den, VentureBeat detailed.
Data Collective typically invests in the seed or Series A round of startups. RealCrowd, Blue River Technology, Layer, Declara, and MemSQL are among the startups that received investments from the company, VentureBeat reported.
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