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Norwest Venture Partners is breaking records as it raises $3 billion for his 17th vehicle! Norwest Venture Partners is making headlines once again as they raise a staggering $3 billion for their 17th fund, maintaining their fund size despite the current market downturn. Founded 65 years ago and backed solely by Wells Fargo, #Norwest Venture Partners has been a powerhouse in the #VC space. With a legacy of success and innovation, Norwest is led by senior managing partner Jeff Crowe, who has played a pivotal role in the firm's growth and impact. Backed solely by Wells Fargo, Norwest's latest fundraise of $3 billion is a testament to their continued strength and resilience in the face of market challenges. Despite the downturn, Norwest remains committed to staying competitive in the dealmaking environment, focusing on growth equity, healthcare, and investments in regions like India. Norwest's diversified approach sets them apart, allowing them to navigate market fluctuations with agility and foresight. Operating globally with investments in North America, India, and Israel, Norwest's multi-strategy fund encompasses early-stage and growth equity businesses, with a recent addition of a biotech team to enhance their healthcare practice. The article on TechCrunch in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

Meet Bek Ventures! 🚀 The best-performing VC fund globally has a new name.  Introducing the quietly thought-provoking venture firm.  After months of development, we’re excited to finally launch our new name, independent brand and latest fund. This will build on the legacy we have established during our decade as Digital East Fund (ex-Earlybird Venture Capital) supporting the most innovative founders in Europe’s most dynamic markets. We have been driven by the belief that discipline is the key to success in VC. As Bek Ventures, our team remains completely committed to building a focused portfolio of exceptional founders, and our new fund allows us to do just that. This means we can give our brilliant founders the most important resources we can: our time, care and attention. Our new brand is about reinforcing our commitment to our principles. Read more about how we approach venture by following the link in the comments section 👇

Big news from Index Ventures! We’ve raised $2.3bn in new funds—an $800m venture fund and a $1.5 billion growth fund. Across nearly three decades of investing, this latest announcement is possible because of a strong foundation built by exceptional entrepreneurs, incredible LPs, and a team of investors, strategists, and operators all deeply committed to our craft. 108 Index-backed companies have reached a valuation of $1 billion or more, 23 have surpassed a $10 billion valuation, and 57 became publicly traded companies. I look forward to seeing what the next generation of entrepreneurs will create. I can only imagine it will be even better than what I can envision today :) https://lnkd.in/gDxiN8ig

Curious about what FSG Fund thinks about IPOs? Want to learn about alternative strategies and discover the "sweet spot" for their investments? Check out my video with Christer Fåhraeus from Fåhraeus Startup & Growth

Former Bessemer Venture Partners, Index Ventures and a16z alumni launched a new $350 million VC fund: Chemistry A new #VC firm called #Chemistry has launched with a massive $350 million debut fund. Founded by industry veterans Mark Goldberg (former partner at #Index Ventures), Kristina Shen (former general partner at #Andreessen Horowitz), and Ethan Kurzweil (former partner at #Bessemer), the trio brings a wealth of experience from top-tier investment firms. Chemistry plans to invest in early-stage startups, primarily at the Series A level but also in seed rounds. Their focus areas include fintech, infrastructure, developer tools, and work software. Each partner intends to invest in two to three deals per year, emphasizing a hands-on approach with their portfolio companies. As they stated, "We are the portfolio services team, working in the trenches with our founders." The firm's debut fund was reportedly 2x oversubscribed, highlighting strong investor confidence in their vision and expertise. In their previous roles, the founders have backed notable companies like LaunchDarkly, Plaid, and Twitch, among others. The article on TechCrunch in the first comment.

Today I'm humbled to share Asylum Ventures' debut $55 million fund. Nicholas, Mackenzie and I are investing $1-2m in founders across industries at the earliest stages of company formation. My path to being a venture investor was long and winding. In some ways I'm glad I'm starting now, later in my career, after I've been kicked in the teeth a few times. I can count as highlights: - driving to a rental house at 3am after a break-in - road-tripping across Colorado to pitch tiny homes on wheels - using a crowbar to scavenge kitchen equipment from a rusted container - navigating OFAC sanctions as a privacy protocol I've had many adventures and mis-adventures and lived many lives. So when Jack Sorokin was taking our portraits for the Times yesterday and he casually mentioned that we seemed remarkably calm for a team the day before launching their debut fund, I thought: Maybe I've made some progress as a person. Maybe I'm calmer than I thought. Maybe I don't freak out as much anymore, or fly off the chain at people, or let my ego get in the way as much as I used to. Maybe--maybe--I'm finally at the right time in my life to be a good partner to the people doing the real work and suffering the real pain: founders. Starting a business of any size is so unbelievably hard. The very act of creation--bringing something into existence--requires a certain level of obsession, energy, delusion, and mania. Your life becomes a disaster. And it's even worse if you're successful. The great founders undertake this for mysterious reasons. If you ask them, it's mostly because they feel they just have to. In this way the great founders are like artists--they are willing to endure tribulation, pain, and misunderstanding for long periods of time, even lifetimes. All to see their creation manifest in reality. The best thing we can do as investors is be the least shitty part of that process. To be real trusted partners to founders bringing beauty into the world via their own artform--creating companies. We're small, we're early, and we get it. We help when asked, we do the work ourselves, and otherwise we let you make your art. We do this in exchange for the small chance we can be near greatness. The fund is raised and we're actively meeting founders. If our approach sounds appealing to you, reach out at [email protected] or from our website asylum.vc. We're also hiring an analyst or associate who is obsessive about supporting founders. If you want to join a small team dedicated to the art of venture, contact us at [email protected]. Read Erin Griffith's coverage of our story in the New York Times here: https://lnkd.in/e37rU7rP

💵📊 Avid Ventures has launched its second early-stage fund closing $87 million. This brings the total capital raised by the company to over $165 million. The Avid Fund II will back exceptional founders building transformative software and fintech companies from Seed to Series B stages. 📈 The VC firm welcomed new institutional investors, including The Mellon Foundation, Hall Capital Partners LLC, Vintage Investment Partners, UJA-Federation of New York, Soka University of America, and CM Wealth Advisors, among others. Returning Fund I investors include Foundry, General Catalyst, and multi-billion dollar philanthropic family offices. It was also backed by leading investors and executives such as Brian Singerman (Partner, Founders Fund), Rob Hayes (Partner, First Round), and Susan Sobbott (former multi-decade American Express leader). 🤖 Read more here: https://shorturl.at/PExRv Addie Lerner Daniel Simon Nicky Goulimis #tech #funding #news #VC #technology #investment #innovation

Today, along with my Partner Liza Benson, I am thrilled to share the final closing and launch of MV Core Fund III! With $230M in fresh capital, our latest fund brings the firm’s total assets under management to more than $500M. Thank you to all of our investors, strategic partners, portfolio companies and friends of the firm - you are the foundation that propels our journey forward and we celebrate this milestone together with you! And of course, a huge thank you to the best-in-the-business Moderne Ventures team - your hard work is what keeps us growing and delivering results, quarter after quarter. Today’s venture investing environment is among the best we’ve seen in decades and we are thrilled to have fresh capital to deploy while continuing to scale our one-of-a-kind industry immersion program, the Moderne Passport, to help create customers for our companies and value for our strategic partners and the Fund. Even after two decades of venture investing, we are more inspired than ever for the innovation that lies ahead. Let’s GO! 🚀 Read the full press release here: https://lnkd.in/gimNQWbe Check out these stories featuring our news: The Wall Street Journal: https://lnkd.in/gszsXk3m Axios: https://lnkd.in/g_sEfta2 Crain's Chicago Business: https://lnkd.in/g6iy4wf5