This week’s Moves in VC contains 6 Moves and 12 new fund announcements, compiled from 40+ sources.
ICYMI
🔵 Michael Mignano joined Union Square Ventures as a General Partner. Michael previously worked at Lightspeed Venture Partners as a Partner, which he joined after exiting his podcasting startup, Anchor (acquired by Spotify).
EASTERN US
🟠 James Orsillo left his role as a CFO and General Partner at Underscore VC and joined TetraScience as a CFO. Underscore VC is an early stage venture capital firm backing B2B software entrepreneurs.
🟠 Stella Kelley joined the Talent and Network team at FirstMark. Stella previously worked at True Search as a Senior Associate. FirstMark is a New York based early stage venture capital firm.
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WESTERN US
🟣 Bryan Kim is leaving his role as a Partner at a16z to start his own fund.
EUROPE
🟢 Moritz Vohler was promoted to Chief Investment Officer at better ventures. better ventures is a venture capital firm supporting early stage founders.
🟢 Delfin Karen Taylan joined Maxis as a Venture Capital Associate. Delfin previously worked at KPMG as a Valuations and Financial Modeling Associate. Maxis is an early stage venture capital firm focusing on AI/digital, deeptech, and high tech.
ASIA
🟡 Sang Won Lee joined Storm Ventures as an EIR. Sang Won previously worked at FrendliAI as a Chief Operating Officer. Storm Ventures is an early-stage B2B focused venture firm.
NEW FUNDS
These firms are ready to write checks, with new funds recently closed.
🔴 Palo Alto-based Accel raised $5B in fresh capital to back late stage companies.
🔴 Menlo Park-based Sequoia Capital raised $7B for its new late stage AI fund.
🔴 The UK launched its $677M Sovereign AI Fund to invest in domestic AI startups.
🔴 UK-based ET Capital launched an undisclosed-size fund to apply an index-style approach to early-stage venture, supporting early stage businesses that emerge from the University of Cambridge.
🔴 UAE-based Homegrown Ventures closed its debut $22.8M fund to invest in MENA consumer brands.
🔴 Washington D.C.-based EIG held an initial close for its EIG Geothermal Catalyst Partners fund to help advance geothermal projects.
🔴 Arkansas-based A‑Street announced a $675M capital raise to invest in PK‑12 student learning.
🔴 Morocco-based Tamwilcom raised $69M to run a three-year venture-building program supporting 800 Moroccan startups, bolstering the nation’s tech and innovation ecosystem.
🔴 New York-based Sideline Group closed its debut $155M fund to back brands and experiences at the intersection of consumer, sports, and media and entertainment.
🔴 London-based Passion Capital raised $55M for its fourth fund to support European founders building in fintech and enterprise risk.
🔴 New York-based TCP closed its second $63M fund to invest in software companies.
🔴 New York-based Oncology Ventures closed its second $62M fund to improve cancer care.
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