Gunderson Dettmer client Neotribe Ventures announced the formation of its new $216M fund, Neotribe Ventures II.

In the announcement of the transaction Founder of Neotribe Kittu Kolluri said, “There are two types of VCs — those that fall in love with the story and who look at the world through the founder’s eyes and work really hard to influence the outcome, and those who look for proof. We’re a poster child for the first category. We like to take not just technology risk but also market risk.”

The Gunderson deal team was led by Christi Niehans and included Olga Zolotnik and Edward Kocis.