• Black LPs fuel a16z's third Cultural Leadership Fund

    6 days ago - By TechCrunch

    Venture capital firm Andreessen Horowitz announced last week that it closed its third Cultural Leadership Fund , an investment vehicle led by partner Megan Holston-Alexander.
    The fund formed four years ago with a mission to explicitly raise money solely from Black investors. As part of the new fund's rollout, a16z listed dozens of new investors, many of them high-wattage names like singers Pharrell Williams, Abel “The Weeknd” Tesfaye, and Lionel Ritchie.
    The debut fund, closed in 2018, was an $18 million investment vehicle while Fund II filings indicated a $23.6 million close. While the...
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  • Kiko Ventures joins the ClimateTech investment stampede with a $450m Evergreen fund

    6 days ago - By TechCrunch

    Given the dire predictions about the impending Climate Crisis , the world can't get enough ClimateTech funds right to power new innovation that can address the issue.
    FTSE 250-listed investment firm IP Group has been investing in the area previously but has clearly ‘ read the runes ' and re-shaped its existing investment strategy, thrown it in a pot, given it a stir, and come out with a properly dedicated cleantech/climate venture fund. Kiko Ventures , an ‘evergreen' ClimateTech fund (because it's coming from a listed entity, so it doesn't have a 10 year timeline to return a fund like a...
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