Prime Movers Lab, a Wyoming-based venture capital firm focused on scientific start-ups, has raised $245 million for its third early-stage fund.
Energize Capital, a climate software venture firm, has raised $300m for its second growth fund, bringing its total assets under management to $1.2bn.
Realizations are key this year, even for funds seeking re-ups, according to a recent survey of limited partners.
The UK-based firm has achieved returns ranging from 1.9x to 16.1x for venture-backed companies that generate at least 20 percent of their revenue in the US.
Investors in the new funds include California Public Employees' Retirement System, New Mexico State Investment Council, Alaska Permanent Fund and the Fire and Police Pension Association of Colorado
Luo, who specializes in enterprise software and fintech, joined the firm in 2018 and was made a principal in 2021.
Altari Ventures, founded and led by Anna Garcia, has held a final close on $5.25m for its debut fund to invest in B2B fintech and enterprise SaaS start-ups at the pre-seed and seed stages.
Limited partners in venture capital, buyout and other private funds may be at risk of having their names disclosed if proposed changes to federal pre-merger filing requirements are approved, attorneys said.
The Los Angeles-based early-stage venture capital firm's inaugural fund is focused on deeptech and gaming.
Talent directors Janine O’Neill, Kimber Schlegelmilch and Brandon Sligh are no longer listed on Sequoia's operator team page after reports that it let go of seven people from its operations team.