This week’s Moves in VC contains 6 Moves and 12 new fund announcements, compiled from 40+ sources.
ICYMI
🔵 Aatish Nayak joined Kleiner Perkins as a General Partner. Aatish previously worked at Harvey as a VP of Product.
EASTERN US
🟠 Richard Dulude is stepping back from his role as a Founding Partner at Underscore VC to start an AI infrastructure company. Underscore VC is a venture capital firm backing early-stage B2B software entrepreneurs.
🟠 Jonathan Lavy joined Strider Capital as the Head of Business Development and Investor Relations. Jonathan previously worked at Glenmede as a Managing Director. Strider Capital is a national security venture capital firm.
LOOKING TO MAKE A MOVE YOURSELF?
| ⭐ San Francisco-based Counterpart Ventures is looking for an Analyst/Associate. Check out the role here.****This role was sponsored by Counterpart Ventures. |
WESTERN US
🟢 Peter Levine is returning to a16z as a General Partner after a long bout with cancer.
🟢 Moritz Baier-Lentz left his role as a Partner & Investment Committee Member at Lightspeed. Moritz is launching a family office focused on gaming, AI, and frontier technologies, and has also joined McKinsey & Company, OpenAI, and TPG in an advisory capacity.
🟢 Madison Faulkner is stepping down from Partner to Venture Advisor at New Enterprise Associates (NEA) to serve full-time as the Head of Strategic Initiatives at Factory.
🟢 S. Somasegar, Managing Director at Madrona, passed away unexpectedly.
NEW FUNDS
These firms are ready to write checks, with new funds recently closed.
🔴 San Francisco-based Convective Capital closed an $85M fund to invest in disaster resilience technologies beyond wildfire risk. We recently interviewed Adrian Aoun, one of the founding team members from their portfolio company, Seneca. Check it out here.
🔴 Los Angeles-based Hallstone Ventures closed its first fund to back founders building across creator infrastructure, adtech and monetization rails, immersive and spatial media systems, and frontier media technologies.
🔴 New York City-based SkyBeam Venture Partners launched its $250M fund to invest in Israel’s early-stage technology companies.
🔴 Paris-based Cleo Ventures closed its second $34.9M fund to focus on pre-seed and seed-stage European AI-native founders.
🔴 Beijing-based BAI Capital held a $600M first close on a new fund to support Chinese companies expanding overseas.
🔴 Mumbai-based K Hospitality Corp launched Kliff Ventures, its new venture arm, with a $20.8M fund to invest in early-stage consumer and retail brands across food, lifestyle, and allied sectors.
🔴 Athens-based Skybound Venture Capital launched a $38M fund to back early-stage deeptech founders.
🔴 Jordan-based Jordan Capital and Investment Fund (JCIF) launched Manara Ventures, a $70.5M fund backing Jordanian technology companies.
🔴 London-based Mouro Capital secured $400M for its third fund to invest in fintech, AI infrastructure, blockchain, and insurtech startups.
🔴 London-based Lansdowne Partners announced a $150M first close for its new venture fund to back UK companies emerging from university research.
🔴 Bangalore-based Shastra VC launched its third $100M fund to support deeptech, artificial intelligence, climate tech, defense, and space technology startups.
🔴 New York-based TMV launched its new $200M fund to back founders transforming maritime, logistics, and industrial infrastructure.
FOR EMERGING MANAGERS
⚪ Looking for candid insights and lessons from today’s Emerging Managers? Check out our Emerging Manager Spotlight series and learn from LPs and GPs building the next wave of venture firms.
⚪ Join over 3,000 VC professionals receiving key legal insights by Chris Harvey. Discover the “Law of VC” Substack with free checklists, forms, and guides.
Stay tuned in next week’s Moves in VC!
