Emerging Managers

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.'

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

It has taken nearly a decade, but Jenny Rooke made the long journey from writing personal checks for one-off deals to starting Genoa Ventures and raising a second fund that is nearly three times bigger than her debut.

House Capital investors include tennis star Serena Williams, Creative Artists Agency founder Michael Ovitz and the co-founders of Dropbox, and Riot Games and YouTube.

Firm expects to invest about 60 to 70 percent of its capital in Series A and B rounds, 20 to 25 percent in growth stage deals and the rest in seed stage investments, a source said.

Stellar Ventures is led by Celeste Ford, who founded aerospace engineering company Stellar Solutions

The fund's LP base includes family offices, gaming founders and gaming and media companies.

Fund III's limited partners include institutions, family offices and more than a dozen founders.