Boise-based venture capital firm Highway 12 Ventures announced it's not going to continue raising money. Highway 12 was one of the few intermountain Western VC operations that could claim to be doing major investments.
A recent blog post said its partners will continue to manage the first two funds it created. It also said the firm would not shut down, The entry also noted family considerations by some founders played a role in the decision.
Tom Simpson, Spokane-based manager of Win Partners and manager of Northwest Ventures Associates, said he has participated in several investments with the Highway 12 group.
“It reminds me of the old song 'Another one bites the dust,' ” Simpson said.