Micro VC firm NextView closes USD21m fund

Boston-based micro VC firm, NextView, has closed its first fund totalling USD21m to focus on seed-stage startups on the east coast of the US. The firm will use the fund to invest between USD250,000 and USD500,000 in seed-stage software and internet firms, split between consumer-facing and B2B startups. NextView aims to add as many as 20 startups to its portfolio of 15 with the fund. One of NextView’s portfolio companies, geo-location firm HyperPublic, was bought by Groupon earlier this week.