Fundraising

Global VC fundraising finally came back to earth in 2022 as firms worldwide closed on funds totaling $165.9bn, down about 8% from their record haul of $179.7bn in 2021.

RRE Ventures said it closed its eighth fund at $250m after ‘facing one of the most challenging fundraising environments in recent history.’

The co-founder of a rocket-making company valued at more than $4bn has set his sights on building a $100m venture capital firm to fuel the creation of more space-related start-ups.

The anchor investor is German development bank KfW, and other LPs include the European Investment Bank, International Finance Corporation, Dutch entrepreneurial development bank FMO and Bpifrance Investissement.

The firm, which announced in 2021 that it would shift to a 'single fund structure,' said Sequoia Capital Fund LP is valued at $13.6bn.

Buoyant Ventures, a women-led fund, raised $76m to invest in digital solutions to combat climate change.

The firm says it 'sees enormous opportunity in the use of artificial intelligence for intelligent business applications.'

About a year after closing on $750m for its seventh VC fund of funds, TrueBridge Capital Partners is back in the market with an eighth fund of the same size.

Raven Indigenous Impact Fund II will back Native American enterprises that demonstrate commercial viability, potential for scale and measurable community benefit streams.

Connecticut Innovations, Connecticut’s strategic venture capital arm, announced that it has launched Future Fund, a $50 million vehicle that will back Connecticut-based tech start-ups with diverse teams, "with an emphasis on underrepresented founders."