Faisal Butt, founder of Pi Labs, has seen a 'dramatic improvement' in caliber of founder and number of companies in the proptech sustainability space.
Raising a sophomore fund can be even harder than closing on a debut fund. Successful fundraisers share the tricks of the trade.
Rishi Taparia, co-founder and general partner of Garuda Ventures, talks about growing up in Indonesia, basketball and why he has a replica of a Tyrannosaurus rex skull.
Fund IV's investors include the Mexico State Investment Council, JP Morgan Asset Management, Vanderbilt University Endowment and USAA.
GPs with funds in the portfolio include Altman Capital, an early-stage firm led by Jack Altman, the younger brother of OpenAI chief executive Sam Altman.
Canada drew 2,200 tech workers from outside the country in the first nine months of 2023, compared with 1,500 it lost to Europe.
After a couple of years of slower growth, Canada’s venture system is re-energized and poised to resume its expansion.
The capital needed to grow category-leading companies up north is beyond the capacity of LPs in Canada, which could make fundraising by VC managers more difficult.
The fund of funds, which is targeting $750 million, expects to invest 70 percent of its capital in primary funds, including as many as 14 venture funds.
A recent settlement likely means the SEC is already investigating private funds – including VCs that are Registered Investment Advisers – for compliance breaches related to off-channel communications.