Rebecca Szkutak
These investors have poured capital into 1,100 VC funds since 2010 and some like Temasek have helped found and anchor managers.
Candace and Charles Nelson, the pair behind Sprinkles Cupcakes and Pizanna, are raising $25m for their first venture vehicle.
Global Ventures is investing out of a $49m fund into tech in the region which saw more than $252m invested across 73 deals in 2019.
The new firms is hoping to raise up to €100m to invest across the sector and help close the existing funding gap in the region.
The sector has been slow to digitize but with consumer attitudes toward the market changing quickly innovation is imminent.
The pandemic is rapidly accelerating family offices’ interest in venture. Industry veteran Wendy Craft believes that once they’re in, they will stay.
After a record year in 2019, investors remain bullish on the region and say the momentum will continue far past 2020's uncertainties.
The Connecticut Retirement Plans and Trust Funds is working to decrease its exposure to venture, but says it will continue to invest in its successful SMA initiative.
The pension commits $20m to CRV XVIII and brings its venture commitment total to $40m for the year, bringing the portfolio just shy of the $45m that was invested in 2019.
The firm grabs A$80m to help bridge the financing gap in the Australia venture market and to offer companies diversified funding options.