Liu Jiang, a partner at Sequoia from 2015-20, is seeking $30m for a new vehicle called Sunflower Capital Investment Fund.
Glasswing Ventures has raised $158m for its second fund, which will focus on AI-enabled early-stage enterprise and security start-ups.
Fund III raised $126m from about 70 LPs, including Bank of America, Blue Cross and Blue Shield of Louisiana, Cambridge Associates, Ford Foundation and Winthrop Rockefeller Foundation.
Fund II will invest in 18 to 20 seed to Series A construction and real estate tech start-ups.
The hiring follows the launch of the firm’s $210 million third fund focused on Texas-based early-stage companies.
Apex says its acquisition of Mainspring gives it “a depth of experience in venture capital fund administration” to complement what it already has in house.
ESG and impact investing organizations are taking note as America’s fourth biggest pension system acts against the movement.
As economic troubles continue to roil the world’s biggest economies, VCs are thriving in a European market where $1bn-plus unicorns are making quite a splash.
Joanna Drake, co-founder and managing partner of Magnify Ventures, answers 10 personal questions.
Mehandru will be based in Silicon Valley, opening a Madrona office in Palo Alto to expand the firm’s Bay Area network.