Assembly Ventures, an early-stage firm focused on mobility technologies, has closed its debut fund at $76 million with support from a lengthy list of corporate backers.
StepStone Group is in the fundraising market with its latest venture capital secondaries flagship, as competition grows from new entrants.
The woman-led VC, which is focused on companies developing products for 'Zillennials,' plans to begin raising its second fund as early as this fall, founder and managing director May Li told Venture Capital Journal.
Ben Fried, who served as chief information officer for Google from 2008 until last year, has joined early-stage firm Rally Ventures as a venture partner.
By giving entrepreneurs permission to work on themselves and covering the cost for the first year, the firm expects to minimize start-up failures that often result from burnout and co-founder disputes.
The new group is among a handful of competitors vying for business from private markets GPs finding it difficult to raise funds.
One Way Ventures may specialize in backing immigrant founders in the US and Canada, but firm founder Semyon Dukach doesn’t want anyone to get the impression that he’s doing it just to be a nice guy.
Tusk Venture Partners is preparing to launch its fourth fund as it helps early-stage technology companies navigate complex policy challenges, according to a source familiar with the effort.
Yet another venture secondaries fund has come to market as investors are betting that the owners of once highly valued start-ups will sell shares at a discount because they are desperate for liquidity.
'There is more than $130bn of supply, and supply keeps building, but the bid prices are averaging 40% to 65% off NAV, and this is holding back any sellers in the market from transacting,' says Industry Ventures founder and CEO Hans Swildens.