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Széchenyi Funds, a Hungarian fund manager, has agreed to invest $20 million in Flashpoint's third venture fund.

The fund's limited partners include four of Canada’s big-five banks and all Atlantic Canadian provinces.

First-time fund manager Cornerstone VC has set out to prove that backing diverse entrepreneurs will deliver superior financial returns. Positive impact is a 'significant secondary benefit.'

The San Francisco-based venture firm, which was founded in July 2019, has raised a total of $650m to date.

The woman-led firm, which raised about $24m for its debut vehicle, is targeting up to $150m for its sequel fund, its founder tells Venture Capital Journal exclusively.

Firm CEO Sol Trujillo says his long term goal is to build 'a multibillion-dollar AUM firm that will endure for many generations.'

With a backdrop full of pressing issues facing the world today, the space for deep tech entrepreneurs to grow their companies into transformative solutions is perhaps greater than it's ever been, writes Karthee Madasamy of MFV Partners.

The FoF will invest in private equity and venture capital funds, coupled with direct investments into companies.

The fund will be used to back technical, data-driven founders aiming to build businesses in healthcare, enterprise AI, and industrial automation.

The fund will also focus on gaming studios, metaverse, GameFi, NFTs, SocialFi, DAO and DeFi.