Fundraising

The fund will invest in Southern European tech companies.

LPs from Fund I and II that have already committed to Fund III include the International Finance Corporation, German development bank DEG and the European Bank for Reconstruction and Development.

LPs include institutional allocators, strategic corporate partners, family offices and high-net worth individuals across North America, Europe, the Middle East and Asia, as well as JPMorgan Chase & Co.

LPs include 'prominent US and European institutional investors, 10 unicorn founders, 14 of our own portfolio founders, family offices, and a few heads of private equity firms and larger funds,' says Day One founder Masha Bucher.

Veteran Ventures Capital has raised $25m in a first close for its second fund, which is targeting $50m.

Wave Ventures of Texas closed on $25 million for its debut venture fund, with commitments from family offices and individuals.

The London-based venture philanthropy fund has launched with $27 million and expects to close on $40 million by the end of the year.

LPs include Mubadala Investment Co, tech investor Yuri Milner, Bolt Ventures, Boxfish Corp, Ferguson Capital II, Lakefield Enterprises III, NJF Capital Corp and RIT Capital Partners.

The Climate and Nature Impact Venture Fund, which is targeting A$150 million, has an anchor commitment from Queensland Investment Corporation