Obvious Ventures, a venture capital firm co-founded by former Twitter CEO Evan Williams, has filed paperwork with the US Securities and Exchange Commission (SEC).

The firm aims to raise US$400 million for its fifth fund.

This new fund follows Obvious Ventures’ previous fundraising effort of US$355 million in 2022, falling short of its US$400 million target.

Founded in 2014, the firm has made early investments in companies like Beyond Meat, where it held a 9% stake at the time of the company’s IPO in 2019.

Obvious Ventures focuses on planetary health, human health, and economic health. Its investments include Olly, Diamond Foundry, and Proterra.