The anchor investor is German development bank KfW, and other LPs include the European Investment Bank, International Finance Corporation, Dutch entrepreneurial development bank FMO and Bpifrance Investissement.
The firm, which announced in 2021 that it would shift to a 'single fund structure,' said Sequoia Capital Fund LP is valued at $13.6bn.
Buoyant Ventures, a women-led fund, raised $76m to invest in digital solutions to combat climate change.
The firm says it 'sees enormous opportunity in the use of artificial intelligence for intelligent business applications.'
Any VC firm that thinks it doesn't have to worry about the SEC because it's an 'exempt' reporting adviser should think again. The feds are paying closer attention to ERAs and bringing more enforcement actions.
The SEC brought what appears to be a record number of enforcement actions against exempt reporting advisers in 2022, write attorneys for Goodwin Procter.
Raven Indigenous Impact Fund II will back Native American enterprises that demonstrate commercial viability, potential for scale and measurable community benefit streams.
Connecticut Innovations, Connecticut’s strategic venture capital arm, announced that it has launched Future Fund, a $50 million vehicle that will back Connecticut-based tech start-ups with diverse teams, "with an emphasis on underrepresented founders."
The San Francisco firm's third fund has surpassed its $15m target and expects to close in the first half of 2023.
The two funds bring the firm's assets under management to more than $25bn.