UK

The UK-based firm believes that VC secondaries will shift venture capital from an illiquid to liquid asset class in the near future.

Amid concerns of a bubble, a new venture firm founded by alums of Softbank and Microsoft's M12 VC fund, is taking a more conservative approach to AI investing.

The London-based venture philanthropy fund has launched with $27 million and expects to close on $40 million by the end of the year.

LPs include Mubadala Investment Co, tech investor Yuri Milner, Bolt Ventures, Boxfish Corp, Ferguson Capital II, Lakefield Enterprises III, NJF Capital Corp and RIT Capital Partners.

Rodriguez is the CEO of cybersecurity network SINET.

Pelican is targeting a return of 4x capital and plans to back between 20 and 30 companies across pre-seed, seed and Series A rounds.

Faisal Butt, founder of Pi Labs, has seen a 'dramatic improvement' in caliber of founder and number of companies in the proptech sustainability space.

Venture firms worldwide closed on $15bn in the first quarter. It was their smallest fundraising haul since Q3 of 2017.