According to an SEC filing, Alexis Ohanian, the co-founder of Reddit and early-stage VC firm Initialized Capital, is raising a brand-new fund, called 776, with a target of $150 million. The filing comes 3 months after the business owner left Initialized Capital and a month after The Info initially reported on his plans. Ohanian decreased to talk about details concerning the fund due to general solicitation restraints.

Along the filing, the fund released a deliberately cryptic brand-new site: sevensevensix.com. It appears that the name of the fund is a recommendation to when the very first Olympics were held, in 776 B.C.E.

. The website reads: “The first Olympics brought the best athletes from all over the known world to identify who was the best. The first competition was a 192m footrace; it was won by a cook from a nearby village. We’re going back to that extremely first starting line.”

I ‘d say Ohanian’s investing in pre-seed and seed startups if I had to think. And he’s likely not investing in start-ups solely run by cooks in towns all over Olympia, Greece.

His tie to the Olympics is individual. Ohanian is husband to tennis super star and champ Serena Williams, who has four Olympic gold medals to her name. (Williams invests too, and joined Bumble’s mutual fund a few years ago). The couple has a child, Alexis Olympia Williams. 776 is a most likely nod to his gold medalist household, not just the video games.

Additional details on Ohanian’s new fund, and what it plans to focus on, stay opaque.

In a statement to TechCrunch, Initialized Capital said that Ohanian left the firm, which raised a $230 million fund in August, to deal with a “a brand-new job that will support a generation of creators in tech and beyond.”

Previously this year, Ohanian left his board seat at Reddit following protests of authorities cruelty. The co-founder urged Reddit to fill the seat with a Black board member. Reddit eventually selected Y Combinator CEO Michael Seibel to fill the position.

Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.