Wednesday, August 3, 2011

Okapi Ventures Kicks Off Fundraising Efforts

Laguna Beach-based Okapi Venture Capital, the venture capital fund run by Marc Averitt and Sharon Stevenson, has kicked off fundraising efforts for a new, $30M venture fund, according to a regulatory filing by the firm Tuesday. The filing indicates Okapi Ventures II, L.P. has a target of $30M. Okapi is an investor in such companies as PathCentral, My Damn Channel, OrthAlign, RF Nano, and others; the firm's first exit was the sale of Carslbad-based Helixis in July of last year for $105M, which the firm previously had disclosed was more than a six times return on invested capital. The firm's first fund, Okapi Ventures I, LP, closed in 2006.

---