New funds, which means new startup opportunities, appear almost every day. Below are some of the most notable VCs that were announced last week.
Three women partners with an impressive background in the venture — Tong Gu, Reem Mobassaleh Wyndham, and Monik Pham — launched the new seed fund. According to TechCrunch, Pact will aim at "mission-driven" startups in what it calls the "ABC" categories: Access (economic inclusion), Betterment (personal and professional well-being), and Climate.
The fund’s LPs are Hollywood actress Anne Hathaway, Jeff Dean, head of artificial intelligence at Google, and Keith Teare, co-founder (and former) shareholder of TechCrunch.
See article for details.
Schneider Electric has supported the launch of a second SE Venture fund, bringing the firm's total assets closer to €1B and making SE Venture one of the world's most significant climate and industrial technology venture capital firms. The main directions are electrification, digitalization, and decarbonization.
The first fund was launched in 2018; since then, it has invested in 40+ startups and seven venture capital funds and is collaborating with 200+ projects.
Find details here.
GR Capital, a European venture capital firm with offices in Berlin and Kyiv, has announced the closing of its second fund. The firm writes checks ranging from €5 million to €10 million per startup, targeting the fintech, mobility, health tech, and future work sectors.
More details in tech.eu.
Founded in Zurich in 2016, EquityPitcher supports startups in the DACH region (Germany, Austria, and Switzerland). The fund is not limited to a specific sector and has already assembled a portfolio of two dozen startups from various hierarchies, including artificial intelligence, smart cities, cybersecurity, and others.
According to EquityPitcher co-founder Sascha Horrig, the firm brings added value to startups through a vast network of contacts with "various leaders in the DACH region."
More details in tech.eu.
BackingMinds mainly invests in early-stage unlisted companies. The fund's geographic focus is Northern Europe, where the team plans to write checks ranging from €500k to €3M.
It is the first venture capital firm in Sweden founded entirely by women. BackingMinds is backed by 24 investors, including several founders of unicorn companies such as Spotify, King, and Supercell, and prominent financial and business families such as the H&M family.
Nesta, an innovation foundation based in the UK, has launched a new £50m fund to back early-stage impact startups with checks between £500k and £1m. It is now looking to invest in startups which tackle three specific goals:
Nesta has been the most active impact investor in the UK, making over 30 deals since 2012.
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