IDG Ventures Closes on $120 Million for Its Third Fund

 IDG Ventures, an early-stage venture firm that was among the first venture outfits to plant its flag in San Francisco instead of Silicon Valley, has raised $120 million for its third and newest fund, according to cofounders Phil Sanderson and Alex Rosen. The two longtime VCs came together with a third partner, Pat Kenealy, in 2008; their previous fund closed with $100 million. IDG Ventures is… Read More