Cofounders Capital raising third fund with $50 million goal

WRAL TechWire reports that Cofounders Capital is raising a new fund – its third – and investors are already lining up to participate in a chance to invest across North Carolina’s entrepreneurial community.

According to a Securities and Exchange Commission filing, Cary-based Cofounders has already secured nearly $24 million from 53 investors. Each had to contribute at least $100,000 to participate, according to the filing, and the targeted goal is $50 million.

The firm describes itself as the only one like it in the Carolinas run by serially successful entrepreneurs and willing to write a pre-revenue terms sheet.

Stay connected with us on Twitter and LinkedIn. Article ideas and other suggestions should be sent to Include the name and contact information (phone and email) for follow-up.