3one4 Capital Partially Exits Kuku FM With 90% IRR

VC firm 3one4 Capital has announced that it has partially exited audio OTT soonicorn Kuku FM about a month after the startup closed its Series C funding round at $85 Mn

The partial exit generated an internal rate of return (IRR) of about 90% and also delivered a significant distributions to paid-in capital (DPI)

This marks the third exit for the VC firm this year. Prior to this, it completely exited ToneTag with 5-7X returns in June as well as raking in 58X returns from its complete…