Triangle venture fund Front Porch raises more than $12.5M in new round

CARY — Front Porch Venture Partners has submitted a filing to the SEC that showsmore than $12.5 million in Pooled Investment Fund Interests for their second fund.

The filing indicated a total of 53 investors contributing.

This second fund follows an initial fund last year which raised more than $5 million, according to the Front Porch Venture Partners website. The company aims to raise a total of $20 million for this year.

The goal of Front Porch is to provide a point for individual investors and family offices to have the opportunity to invest in start-ups and small businesses. Their focus is on the Southeast region, and the firm partners with a number of other venture capital firms across the Southeast, notably several in North Carolina including Champion Hill Ventures of Chapel Hill, Cofounders Capital of Cary, Idea Fund Partners of Durham, and Oval Park Capital of Raleigh.