Defy Ventures closed its $262 million Fund II to invest in early-stage startups. Firm cofounders and industry veterans Neil Sequeira and Trae Vassallo are looking to capitalize on their successful Fund I portfolio with the new influx of capital. As larger late rounds become more common, Defy Ventures aims to invest between $3 million and $10 million each in earlier-stage companies, taking a sizable chunk of ownership. Visit BusinessInsider.com for more stories. Defy Ventures announced today its second fund, with $262 million committed to invest in early stage companies.