SEC Raises Venture Fund Limit to $12 Million Amid Stripe Cash and Bolt's Proposed Fundraise

The U.S. Securities and Exchange Commission (SEC) has raised the limit for how much a 'qualified venture fund' can raise from $10 million to $12 million. This change aims to facilitate fundraising for smaller venture capital firms. In related financial news, TechCrunch is examining various fundraising activities, including Bolt's proposed fundraise and the cash reserves of Stripe and Synapse’s founder's new venture. The discussions around these topics highlight the evolving landscape in fintech and venture capital.