Seed Investing A New Emphasis For CMEA
Per Dan's post this morning that early-stage VC shop CMEA Capital has scrapped plans to raise a $500 million green growth fund, the firm also has gotten more aggressive about seed-stage investing. It started the strategy 18 months ago after it raised its $400 million seventh fund, according to managing director Faysal Sohail, who spoke to peHUB earlier this month. "We've been given a lot of opportunities that normally would have gotten funded by angels and others but have not been getting funded," he said. "We're also finding a lot of deals coming to us from returning entrepreneurs." CMEA has done seven seed investments from Fund VII so far and may do one more, because, Sohail said, "they take longer to bake and exit so these are not deals you want to be doing
