Greycroft is getting even bigger.

The Los Angeles and New York firm announced Tuesday it closed two new funds: Greycroft VI, a $310 million venture fund with an emphasis on early-stage investments, as well as Greycroft Growth III, a new growth-stage fund with more than $368 million in commitments.

As one of the earlier VC firms in Los Angeles and one of the few with a war chest large enough to write checks for later rounds of up to $50 million, Greycroft has boomed in the last 14 years. The firm has gone from raising $75 million to $2 billion in capital.

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Mark Terbeek is a leading B2B investor and on the board of Scopely, Icertis and more. On this episode of L.A. Venture , he shares his current investment theses and explains how Greycroft operates as a seed-to-growth-stage venture fund.

What sets Greycroft apart, Terbeek says, is the fund's flexibility, and its focus on "sexy" B2B and enterprise companies.

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Mr. Rogers made the boob tube acceptable television for a generation of kids and parents who had previously seen the small screen as antithetical to learning. Chris Ovitz wants do the same for his new mobile app OK Play, another in a recent blitz of edutainment products for children.

But this one, Ovitz said he has a twist: It's also made for parents. OK Play asks them to put their phones down and play with their young children.

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