OkCupid co-founder Sam Yagan has raised $37m for Corazon Capital, the venture capital firm he co-founded with Steve Farsht.
The investment, which almost meets the pair’s $39.9m goal, is the second round of major funding the firm has secured, having previously raised $13m in 2014.
These figures are said to have come largely from individual investors, and the funds are expected to mainly go towards helping startups build and grow.
Former Match Group CEO Yagan told Crain’s: “We’re less focused on leading rounds. Our focus is being operational. We want to be everybody’s co-investor of choice.
“We want entrepreneurs to want us in their deals because we’re investors you call when something goes wrong, or you have an opportunity that you’re not sure what to do with and you’re not ready to go to your board.”
He added: “You’ll see us writing bigger checks. In our first fund, we’d do $150,000 to $250,000. Now it will be more like $250,000 to $500,000.”
Corazon Capital is said to be focusing on investments both co-founders know and understand, seeing them invest in big-data, digital networks and consumer-based companies.
To date, Corazon Capital has invested in the likes of Dryv, Shiftgig, Clarifai, Knockaway and ManCrates.