NY-based Palm Drive raising up to $150m for third US-Asia venture fund

NY-based Palm Drive raising up to $150m for third US-Asia venture fund

Brooklyn Bridge, New York. Photo by Colton Duke on Unsplash

Palm Drive Capital, a New York-based venture capital firm, is raising up to $150 million for its third US-Asia focused fund.

According to a source close to the development, Palm Drive has begun reaching out to potential investors to back the fund, and has received positive responses from previous limited partners (LPs) to re-invest.

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