DreamIt Ventures is raising a $30 million fund to further support its portfolio companies.
The five-year-old early-stage startup accelerator has raised $10 million so far, said managing partner Karen Griffith Gryga, who is raising the fund. The raise will go toward follow-on funding for the nearly 130 companies that have graduated from DreamIt’s programs in Philadelphia, New York City and Austin. (DreamIt’s latest program, DreamIt Health Baltimore, will launch in January 2014.)