Origin raises $80 million follow-up fund
One of Chicago's biggest venture funds raised $80 million for its fourth fund.
Origin Ventures, best known as an early backer of Grubhub, raised about twice as much its last fund, in 2013.
The new fund will allow Origin to make bigger investments. It focuses on Series A rounds, or the first institutional investments in startups. Origin specializes in tech companies in software, digital marketplaces and content.
Origin is one of several local venture firms that have reloaded recently, including OCA Ventures ($73 million), Chicago Ventures ($66 million), Hyde Park Venture Partners ($65 million) and Corazon Capital ($37 million.)
Origin already has made five investments out of the new fund, including a $7.5 million round for Tock, a restaurant-software firm run by Alinea partner Nick Kokonas and former Google software engineer Brian Fitzpatrick.