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SherpaVentures Closes $154 Million Fund as Expected

San Francisco-based SherpaVentures said it had finally closed its first round, raising the $154 million it said it would to invest in early-stage startups aimed at e-ommerce, software and digital media. Launched in early 2013 by former Goldman Sachs banker Scott Stanford and longtime VC Shervin Pishevar, the firm has already been investing actively, with bets in a series of companies, such as Munchery, Coin, Shyp and BackOps.

by Kara Swisher

San Francisco-based SherpaVentures said it had finally closed its first round, raising the $154 million it said it would to invest in early-stage startups aimed at e-commerce, software and digital media. Launched in early 2013 by former Goldman Sachs banker Scott Stanford and longtime VC Shervin Pishevar, the firm has already been investing actively, with bets in a series of startups, such as Munchery, Coin and Shyp.

This article originally appeared on Recode.net.

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