Founder-Turned-VC Investor Raised $150 Million for Her New Fund💰
Masha Bucher, ex-entrepreneur and founder of Day One Ventures, has raised $150M for her new VC fund. Founded in 2018, Day One Ventures focuses on early-stage startups, offering initial investments ranging from $1M to $2M.
Notable companies in the firm’s portfolio include Worldcoin, legal services company DoNotPay Inc., and AI assistant You.com.
📝Diverse Investments and Real-World Impact
Day One Ventures supports startups across various industries, with Bucher particularly drawn to founders tackling real-world challenges. “From profound wealth disparities to the urgent threat of climate change and the growing sense of social isolation, tech founders will be our lifeline toward a more abundant, diverse, and sustainable future,” Bucher stated regarding the new fund.
🏆The firm’s track record is impressive, with six of its investments achieving billion-dollar valuations and 22 companies either being sold or going public. This success highlights Day One's knack for identifying high-potential startups.
🎯PR Expertise and Strategic Growth
Before transitioning to VC, Bucher founded a PR firm that managed communications for numerous tech companies. She has leveraged her PR expertise to coach startups on media strategies. “If you look at any business problem you want to solve and any business goal you want to solve, 90% of the business problems are communications problems,” Bucher explained on Bloomberg Television. “I think this is something we train founders on and something that we help them to do.”
📈Growth of Day One Ventures
The new fund is Day One’s third and largest to date. Fund I, closed in 2019, was nearly $20 million, while the second fund in 2020 totaled $52.5 million. This latest fundraising effort saw contributions from US and European institutional LPs, as well as 14 of Bucher’s own portfolio company founders.💰
“When you are building a firm with value add and staying close to founders, you can attract a lot of capital from your own network,” Bucher said. Notably, she made a concerted effort to include female investors, securing backing from 9 female LPs.
Significant in the male-dominated VC industry, where female founders received just 2% of the total capital invested in US startups in 2023, according to PitchBook.🤷♀️
🤝New Investments and Future Focus
Day One has already made 5 investments from its Fund III: Cradle, an AI startup focused on human longevity; Rainmaker, a Los Angeles-based company working on cloud-seeding technology; Affiniti; Astroforge; and Layer N. 🚀🌍
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