TMV, a NYC-based early stage venture capital firm, has closed its second institutional venture fund, surpassing its initial target of USD60 million.

Oversubscribed by approximately USD5 million and six-times the size of Fund I, TMV’s second fund is backed by multiple Fortune 500 institutions, including three global banks, a large hospital system and US Foundation. Additionally, several of the world’s largest family businesses in Europe, Australia and the United States have chosen to back TMV II.