SEC Filing: Chris Sacca Raising $25M For New Fund, Lowercase Spur

According to a new SEC filing, investor Chris Sacca is raising as much as $25 million for his new fund, Lowercase Spur. As Bloomberg BusinessWeek reported a month ago, Sacca is in the process of raising capital for Lowercase Spur, which is set to invest in startups over the next ten years. It was unclear how large the fund would be, but that number could be around $25 million. Sacca raised nearly $50 million in 2010 for Lowercase Capital, and operates a number of funds. Lowercase I appears to invest early-stage startups, and Sacca operates another $1 billion fund that buys secondary market shares of companies such as Twitter and Facebook.

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