TechOperators Venture Capital has raised $40.2 million toward a $100 million third venture fund, according to a filing with the SEC.

Technology Operators Fund III attracted the capital from 42 LPs. The Atlanta-base early stage firm is run by former entrepreneurs Dave Gould, Glenn McGonnigle, Tom Noonan (formerly CEO at Internet Security Systems, an IBM acquisition) and Said Mohammadioun (founder of Samna Corp, which sold to Lotus).

The firm raised $40 million toward its 2013 vintage second fund, according to Thomson Reuters.

The filing is here.