Emerging Managers

Most of the $1.3bn in venture commitments are to firms that the LP has longstanding relationships with, but it's also backing emerging managers spinning out of brand-name firms with strong track records.

The San Francisco-based venture firm invests in AI, mental health technology and impact-related companies.

Damir Becirovic left Index after 10 years to launch Relentless, a provider of 'seed capital for founders doing their life's work.'

Six IPOs for portfolio companies in the last eight years, steady distributions and a healthy re-up rate helped the product-led VC firm expand its institutional LP base.

Senior executives and domain experts enable portfolio companies to grow more quickly and gain a competitive edge over peers developing AI-native platforms.

With the Tokyo-based financial group as an anchor investor, Across plans to invest in more than 20 micro VCs focused on AI, fintech and blockchain, climate and health tech.

New LPs include Dutch, Norwegian and Danish impact investment firms, venture investors and individual venture capitalists.

New limited partners in the sophomore fund include The Health Foundation, Esmée Fairbairn Foundation and Vivensa Foundation, as well as some family offices.

The larger fund size will enable the deep tech, defense and space investor to lead rounds and write bigger initial checks for portfolio companies.

The firm began fundraising in March 2025 for Fund IV, which is targeting $50m to make seed investments in software start-ups.