Kapor Capital’s managing partner Ulili Onovakpuri is leaving the firm

Initialized Capital is restructuring its team to “meet the moment” in the venture market, according to a blog post from the firm’s managing partner Brett Gibson. The San Francisco-based venture capital firm, originally founded by Alexis Ohanian, Garry Tan, and Harjeet Taggar, announced yesterday that it let multiple people go and specifically named Jennifer Wolf, who had been with the firm since 2016 in various roles, including, most recently, as a managing partner. Cyndi Reseburg, Intialized’s

Oct 3, 2024

Pan-African venture capital firm Janngo Capital has closed its oversubscribed second fund at €73 million ($78 million), 20% more than its target of €60 million (~$63 million). In 2022, Janngo Capital reached the first close of its second fund at €26 million, receiving capital from several limited partners, including the African Development Bank Group (AfDB) and European Investment Bank (EIB). Both anchor investors also participated in the fund’s second and final close, founder and executive ch

Oct 29, 2024

While fund sizes of many venture capital firms have ballooned into billions of dollars over the last decade, Benchmark Partners, one of Silicon Valley’s most successful investors, has stuck to raising approximately $425 million in capital every few years. That’s what the storied firm told in a letter to its limited partners when it announced its latest fund this summer, reported the Information. However, Benchmark’s partners are not limiting themselves to whatever capital commitment they make

Oct 21, 2024

Illumen Capital is doubling down on its support for fund managers and founders from underrepresented communities. The firm is an impact fund of funds that has previously supported ways to address racial bias in investing. Yesterday, the firm, founded by Daryn Dodson, announced the raise of a $32.75 million “Catalyst Fund “to once again support emerging fund managers and founders, especially those hailing from underrepresented backgrounds. The news comes during a fraught time for many diverse f

Nov 22, 2024