SV Angel is a micro VC firm located in Silicon Valley and founded by angel investors, Ron Conway and David Lee. SV Angel provides capital investments to early stage companies focused on the Internet, e-commerce, and information technology markets. SV Angel is a venture fund which has raised investment from external investors or limited partners in industry parlance. In April 2010, the fund announced its size of $20 million. Per the firm, SV Angel initially expected to raise a $10 million fund but was oversubscribed and hence the amount was raised to $20 million. Since then, the fund has grown to be approximately twice that size.SV Angel primarily invests relatively small amounts in early stage companies. The firm is said to see virtually all "interesting" deals in the web and mobile arena.