venture capital fund – n : also VC fund or simply VC; a closed-end, private pool of capital dedicated to investments in the equity securities of privately-held, early-stage or high-growth companies. A venture capital firm (the “general partner”) raises a VC fund from institutional investors and/or high-net-worth individual investors (so-called “limited partners”). A successful VC firm will typically raise, manage and invest multiple VC funds over time.

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Adapted from "The CompanyCrafters Entrepreneur's Dictionary"
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