News

US pension MassPRIM, which committed to just a single venture fund in 2023, has already committed to two this year.

WovenEarth Ventures announced it has closed its inaugural fund of funds on its hard-cap of $152m.

Earlybird Health Fund will predominantly invest in European companies across healthcare sectors including digital health, diagnostics, medical devices, R&D tools, and biopharma.

The fund will back early-growth technology businesses.

In Part 6 of his series on venture debt, Zack Ellison from Applied Real Intelligence delves deeper into the nuanced strategies lenders use to mitigate the risk of lending to venture-backed start-ups.

The pension aims to invest about $200m in venture capital and growth funds this year, after committing a combined $77.5m to five venture funds in 2023.

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.