Fundraising

The fund will back early-growth technology businesses.

Point 406 Ventures V will invest in companies in the healthcare, data and AI and cybersecurity sectors.

Altman, who recently transitioned from CEO to chairman at his HR start-up Lattice, founded Alt Capital to invest in enterprise software companies using AI to improve operations.

AIX Ventures is an early-stage investor in AI start-ups, including Hugging Face, which is valued at more than $4bn.

Clean Industry Ventures, a new firm co-founded by renewable energy tech entrepreneur Patrick Maloney, has started fundraising for a debut fund with a target of $200m.

Ruth Foxe Blader tells VCJ she hopes to start fundraising by the end of this year, targeting around $75 million for Foxe Capital's debut fund.

A total of 86 women-led funds held partial or final closes last year, up from just 36 the previous year.

Scion Life Sciences is an affiliate of Petrichor Healthcare Capital Management.

Voyager Ventures, a venture capital firm focused on early-stage climate tech companies in North America and Europe, has closed its inaugural select fund at $100 million.

Assets in Sequoia Capital Fund LP – including capital drawn down from LP commitments – grew 30 percent to $17.7 billion in the past year, according to a new regulatory filing.