Upfront Ventures, L.A. County's biggest venture capital firm, just got bigger

Los Angeles County's most prominent start-up investor just got bigger. Upfront Ventures closed June with the announcement of a $400-million investment fund that it plans to spend on dozens of start-ups in the next couple of years. It's believed to be Los Angeles County's largest-ever venture capital fund by raw number, though Upfront Ventures' $390-million investment fund in 2000 comes out far on top when adjusted for inflation. Still, it beats the $280 million that Upfront Ventures picked up at the end of 2014. Mark Suster, managing partner at the firm, declined to provide specifics about the returns that prior funds have generated.