This week’s Moves in VC contains 20 Moves and 11 new fund announcements, compiled from 40+ sources.
ICYMI
🔵 Kirk Hourdajaian left his role as a Partner at Montauk Capital. Montauk Capital is a venture capital firm focusing on the electron economy.
EASTERN US
🟠 Ali Afridi and Chelsea Zhang were promoted to Partner at Equal Ventures, while Sophia Dodd was promoted to Principal. Equal Ventures is a seed-stage venture fund investing in companies that deploy technology to legacy industries.
🟠 Jeff Berger left his role as an Operating Partner at FJ Labs. Jeff joined Hubble Contacts as CEO. FJ Labs is a stage-agnostic venture fund.
🟠 Aditya Nidmarti is leaving his role as a Vice President at Bessemer Venture Partners.
🟠 Loubaba El Ayoubi joined Northzone as a VC Investor. Loubaba recently graduated from Stanford University with a Master’s in Management Science & Engineering.
🟠 Madeline Behr was promoted to Investor Relations and Capital Formation Principal at SOSV. SOSV is a deep-tech venture capital firm.
🟠 Sam Schwartzben left his role as an Investor at Affinity Partners. Sam will be building House Capital as a Partner. Affinity Partners is an investment firm focusing on American and Israeli companies.
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WESTERN US
🟢 John Edgar and Jane Lee transitioned to Investment Partner and Marketing Partner, respectively at Maple VC. Maple VC is an early-stage venture capital firm backing Canadian founders.
🟢 Shruti Merchant joined Pear VC as a Partner. Shruti previously founded Sidecar Legal.
🟢 Catie Calcagno joined Playground Global as a Director of Investor Relations. Catie previously worked at The Westly Group as the Head of Investor Relations. Playground Global is an early-stage deep tech venture capital firm.
🟢 Simran Arora joined Gigascale Capital as the Head of Finance. Simran previously worked at SemperVirens Venture Capital as a Director of Finance. Gigascale Capital is a venture capital firm focusing on companies rebuilding the physical economy.
🟢 HK (Hyukmin Kwon) joined SK hynix as a Venture Investment Director. HK previously worked at Entegris Ventures as a Senior Principal. SK hynix invests in the AI infra stack.
🟢 Eric Fett left his role as a Vice President at NGP Capital and is joining Gradial as the Head of Strategy and Business Development. NGP Capital is an early-stage venture capital firm focusing on B2B companies in Europe and the US.
🟢 Luke Riggan joined Amplify Partners as an Associate Investor. Luke previously worked at EGB Capital as a Venture Partner.
🟢 Saveena Mandadi is leaving her role as a Venture Partner at Mantis Venture Capital. Saveena joined Mesh Optical Technologies, one of Mantis’ portfolio companies, as a Business Operations and Finance Lead. Mantis Venture Capital is an early-stage technology venture capital firm focusing on B2B software companies.
SOUTHEASTERN US
⚫ Patrick Bailey was promoted to Senior Investment Diligence Manager at SC Launch Inc. SC Launch Inc., is the investment affiliate of SCRA (South Carolina Research Authority).
CANADA
🟡 Mia Morisset was promoted from Principal to Partner at Inovia Capital.
🟡 Evan Kerr joined Sagard as a General Partner focused on their AI fund. Evan previously worked at Georgian as a Lead Investor. Sagard is a global multi-strategy alternative asset management firm.
MIDDLE EAST
⚪ Naftaly Gluskin joined Vine Ventures as a Principal. Naftaly previously worked at Essentia Venture Capital as an Investor. Vine Ventures is an early-stage, technology-focused venture capital firm.
AFRICA
🔵 Tramayne Monaghan is stepping down from his role as a Chief Venture Officer at NEXT176. NEXT176, backed by Old Mutual, focuses on the future of emerging economies.
ASIA
🟣 Chris Starkey was promoted to Head of Finance at Woven Capital, while Jarek Khoilian and Manas Punhani were promoted to Principals. Woven Capital is a growth fund focusing on the future of mobility.
NEW FUNDS
These firms are ready to write checks, with new funds recently closed.
🔴 Menlo Park-based Greylock Partners closed $1.5B for its eighteenth early- stage fund.
🔴 San Francisco-based Omni Ventures closed its first $33M fund to focus on early-stage startups building the next generation of manufacturing technology.
🔴 San Francisco-based Paradigm raised $1.2B to invest in ‘technical frontier’ startups.
🔴 San Francisco-based Drumbeat Capital launched its debut $50M fund to invest in early-stage deep tech companies.
🔴 Milan-based Primo Capital launched its second $137M fund aimed at civil and defence space technology.
🔴 Milan-based Panakès Partners closed its first $22.8M fund to advance early-stage therapeutics startups in Italy.
🔴 The University of Toronto, McMaster, and the Ontario government teamed up to launch a new $40M fund to back early stage life science spinouts.
🔴 San Francisco-based B Capital closed its third $500M Ascent fund to back AI and frontier tech founders.
🔴 Arlington-based Marlinspike Partners closed its second $127M fund to support companies operating at the intersection of national security and next-generation industrials.
🔴 Warsaw-based Expeditions closed its second $225M fund to shape the future of European security.
🔴 New York-based AlleyCorp closed its second $335M fund to support early-stage founders.
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Stay tuned for next week’s Moves in VC!
