Emerging Managers

Firm led by two ex-Marines closed on $148m for Fund III thanks to certification as a Critical Technology Fund by the US Small Business Administration and the Department of War.

With an LP base comprised mostly of single and multifamily offices and some sovereign wealth funds in the United Arab Emirates, the firm plans to invest in up to 20 start-ups in the US and Latin America.

Limited partners in the Canadian firm's debut fund that have re-upped in Fund II include Government of Quebec through Investissement Québec; BDC Capital; Fonds québécois d'amorçage de Teralys (financed by La Caisse, formerly CDPQ) and Capital régional et coopératif Desjardins.

'I think resonated in a market where seed stage funds suddenly started opportunity funds and everybody seemed to have a growth fund,' Breakout managing partner Lindy Fishburne tells VCJ.

Founded by Khosla Ventures veteran Sandhya Venkatachalam, the new seed-stage firm is backing AI companies that target the 'capacity crunch' to democratize access to critical services.

Michelle Volz, who was previously an investment partner for Andreessen Horowitz, raised her first fund in just 12 months.

There is a growing gulf between the amount of capital VCs are trying to raise and how much investors are actually committing.

With Riyadh Valley Company as an anchor investor, the new fund aims to help attract global innovation, foster Saudi talent and contribute to the country’s economic development.

Marcie Frost, CEO of the Californian pension plan, discussed the political pressure that surrounds the investors' sustainable investments and a desire for more ESG data for risk management purposes at NEXUS 2026.