Rebecca Szkutak
LPs poured billions of dollars into the VC market in 2020 and showed no signs of stopping in the wake of the coronavirus.
The Cairo-based firm looks to use its strategic LP base to bring additional value to seed and Series A companies.
LPs announced $225m of new venture commitments including multiple organizations that haven't invested in the asset class in years.
The medical system created a $15m venture fund to invest and incubate start-ups in addition to the creation of an innovation lab.
The firm saw strong LP demand for its early-stage-focused healthtech fund as it soared past its $150m fundraising target.
The pension system announced $85m of re-up commitments; MassPRIM made a re-up of its own into TCV's latest late- and growth-stage-focused fund.
These investors have piled money into the industry over the last 10 years, and in the midst of a pandemic aren’t pulling back or going anywhere.
LPs re-upped more than $256m into the trio of funds as other vehicles around the globe continue to grab capital from new and old investors.
VC investment into agtech has grown 75% since 2014 and looks keen to keep growing as the sector offers opportunities across types of investors.
More than $273m has gone into the sector so far in 2020, already surpassing the full-year totals of four of the last five years.