This week’s Moves in VC contains 7 Moves and 12 new fund announcements, compiled from 40+ sources.
ICYMI
🔵 Ankur Nagpal launched USVC as a General Partner, alongside Naval Ravikant, who is joining as Chairman of the Investment Committee. USVC is a new venture capital fund from AngelList that is focused on individual investors.
EASTERN US
🟠 Dan Abelon left his role as a Partner at Two Sigma Ventures to cofound a new VC firm.
🟠 Dan Kozikowski joined Redpoint as a Founder Experience Partner. Dan previously worked at Google in Startup Programs and VC Ecosystem, and prior to that led FirstMark’s platform team.
LOOKING TO MAKE A MOVE YOURSELF?
| ⭐ New York City-based Remarkable Ventures is looking to hire a Senior Investment Associate. Check out the role here.** ⭐ New York City-based Entrepreneurs Roundtable Accelerator (ERA) is looking to hire a Program Manager. Check out the role here.****These roles were sponsored by Remarkable Ventures and ERA. |
WESTERN US
🟣 Luke Kornack joined HSBC as the US Head of Ventures. Luke previously worked at Fin Capital as a Principal.
CANADA
🟡 Anna Jacobson was promoted from Operations and Data Partner to Partner and Chief AI Enablement Officer at Operator Collective. Operator Collective is a venture fund investing in enterprise tech.
EUROPE
🟢 Max Hermans joined Orient Growth Ventures as a Venture Capital Associate. Max recently graduated from Adelphi University with his Master’s in Business Administration. Orient Growth Ventures is a venture capital fund-of-funds investing in VC funds across Southeast Asia and India.
🟢 Max Samuel launched his new venture capital firm, Off Piste Capital. Max previously worked at SNÖ Ventures as a General Partner. Off Piste Capital backs founders building the digital and physical infrastructure of the future.
🟢 Laura Ballentin joined Norrsken VC as a Founder’s Associate. Laura recently graduated from Università Bocconi with her Master’s in Science. Norrsken VC is a European impact VC fund.
NEW FUNDS
These firms are ready to write checks, with new funds recently closed.
🔴 San Francisco-based Founders Fund closed its $6B growth fund.
🔴 Memphis-based Ridgeline closed its second $180M fund to support founders building the future of industrial networks.
🔴 Berlin-based Earlybird Venture Capital closed its eighth $420.8M fund to back founders across AI applications, software infrastructure & foundation models, and deeptech & hardware.
🔴 London-based Illuminate Financial closed its fourth $135M Early Growth Fund to invest in enterprise AI and fintech companies serving financial institutions.
🔴 San Francisco-based 137 Ventures raised more than $700M across two growth-stage funds to back startups “with the potential for significant market impact.”
🔴 San Francisco-based BMW i Ventures launched its third $300M fund to focus on physical AI, agentic AI, industrial software, manufacturing technologies, supply chain technologies and advanced materials.
🔴 Copenhagen-based Kompas VC closed its second $187M fund to invest in industrial AI, robotics, cybersecurity, and advanced industrial software.
🔴 Amsterdam-based Ground State Ventures raised $88M to back early-stage quantum technology startups.
🔴 Milwaukee-based Northwestern Mutual Future Ventures secured an additional $150M for its third fund to back fintech and insurtech startups.
🔴 Copenhagen-based Unconventional Ventures closed an undisclosed-size second fund to support diverse founders building impact tech companies.
🔴 Hong Kong-based Nexus Bay Capital launched with over $90M to support VC managers and founders.
🔴 New York-based Nomi Capital raised its first $50M fund to back late stage defense tech startups.
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.
