News

Thirteen is considered an unlucky number, but for Sierra Ventures it is serendipitous: the Silicon Valley firm closed on $265m for its 13th fund, beating its target in a tough fundraising environment.

In Part 1 of his series on venture debt, Zack Ellison from Applied Real Intelligence notes that when it is compounded at 15% per year an investment in venture debt over 10 years produces a 4x MOIC.

Local energy companies Devon, Williams and Oneok are founding partners of an incubator and venture fund aimed at jumpstarting an innovation economy in Oklahoma’s second largest metro area.

Fin Capital, a B2B fintech-focused venture capital firm, has named Nicholas Cirella as general counsel and chief compliance officer.

Funds like AngelList and Alumni Ventures and vendors like Systematic Ventures are demonstrating how VC funds can be more efficient by using AI for legal work, portfolio monitoring, banking services, LP communications and more.

The UK government-backed investor joined Spanish investment firm Aldea Ventures, UK impact investor Big Society Capital, US family offices and funds-of-funds managers.

Annie Luchsinger of Breakers VC, Tara Tan of Strange VC and Noramay Cadena and Shayna Harris of Supply Change Capital are among those chosen for the program.

The pool will invest in 25 B2B SaaS startups.

The original target was $75 million.

More VC firms are turning to AI as part of the underwriting process