Investment firm DAG Ventures is starting a $500 million fund called DAG Ventures V-QP, according to a recent filing with the securities and exchange commission.
DAG Ventures�joined the Web 2.0 investment fray around 2006 by backing companies like Podshow, Friendster and Grouper. It has also invested in mobile payments provider Boku and restaurant-discovery site Yelp.
The firm is known for investing in Web 2.0 companies, information technology companies and clean technology companies like Harvest Power. It finished raising $425 million for its most recent fund, DAG Ventures IV-QP, in February last year.
VentureBeat has contacted the firm for confirmation.
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