This week’s Moves in VC contains 4 moves and 9 new fund announcements, compiled from 40+ sources.

ICYMI

🔵 ​Meyer “Micky” Malka, founder and managing partner of Ribbit Capital, has been appointed to the Board of Directors at Apollo Global Management.

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WESTERN US

🟠 ​Stephanie Zhan is launching a new early-stage AI fund. Stephanie will continue her role as a Partner at Sequoia Capital.

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🟠 Benny Liao joined AIC as a Partner. Benny previously worked at Acorn Pacific Ventures as a Principal. AIC is a global venture capital firm investing in AI.

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EASTERN US

🟣 ​Omar Hassan joined Primary Venture Partners as a Partner and CFO. Omar previously worked at Cloverlay as a Partner and CFO.

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EUROPE

🟢 ​Brynne Kennedy left her role as a Partner and Co-founder at Smart Society Capital. Brynne joined EH Energy as Chairman and CEO. Smart Society Capital invests in growth-stage energy and AI companies.

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NEW FUNDS

These firms are ready to write checks, with new funds recently closed.

🔴 New York-based Formation Bio announced its $600M Drug Development Accelerator Fund to bring together drug developers with AI systems.

🔴 San Francisco-based Relational Capital launched with $50M raised. The solo GP venture fund will invest in early-stage technology companies.

🔴 Dallas-based Disruptive raised $7.5B for its new fund to back AI and defense startups. Its target for the fund is $10B.

🔴 Stockholm-based BackingMinds raised $56M in the first close of its third fund. The fund will support early-stage Nordic companies.

🔴 Barcelona-based Masia closed its $20M debut fund to back AI and frontier tech startups.

🔴 Barcelona-based Nauta Capital raised $67.1M in the first close of its sixth fund. The fund will focus on European B2B software and deep-tech startups.

🔴 London-based TSP Ventures closed its inaugural fund to target hard-science startups. The fund size was undisclosed.

🔴 London-based Begin Capital raised its second $100M fund to support deep-tech founders.

🔴 Milan-based Panakès Partners raised $9.5M for its new fund to back life sciences, medtech, and biotech startups and scaleups in Lombardy.

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Stay tuned for next week’s Moves in VC!