This week’s Moves in VC contains 16 moves and 9 new fund announcements, compiled from 40+ sources.
ICYMI
🔵 Nikhil Raman was promoted to Investment Partner at Union Square Ventures. To our knowledge, this is only the second promotion from junior investor to Investment Partner in the firm’s history. The first was Nick Grossman.
EASTERN US
🟠 Sarah Hess, Mia Krishnamurthy, and Mahi Joshi joined Lux Capital as Partners. Sarah previously worked at Point72 Ventures as an Investor, while Mia worked at CRV as an Investor, and Mahi worked at Evercore as an Associate.
🟠 Michelle Daubar joined Engine Ventures as a Partner and Head of Investor Relations and Capital Formation. Michelle previously worked at Oak HC/FT as a Partner and Head of Investor Relations and Capital Formation. Engine Ventures is a venture capital firm supporting technical founders.
🟠 Nick Zylstra left his role as an Associate at Accolade Partners and joined Evercore Wealth Management as a Vice President. Accolade Partners specializes in technology and healthcare-focused venture capital and growth equity fund investments.
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WESTERN US
🟣 Congrats to Jeff Greenfeld on his promotion to Chief of Staff at Venture5. Venture5 creates venture content, improves access to capital for founders and funders, and builds products and services for the venture ecosystem.
🟣 Priscilla Luu was promoted to Partner at JFFVentures. JFFVentures is an impact venture fund focusing on the future of work and workforce development technologies.
🟣 Phil Boyer is leaving his role as a Partner at Crosslink Capital.
🟣 Valentina Rodriguez, Jiyoung Jeong, and Lida Vandermeer were promoted to General Partner, Senior Associate, and Head of Platform, respectively, at Wonder Ventures.
🟣 Grace Brown joined GPx as a Partner. Grace previously worked at Vanderbilt University as a Private Markets Investment Manager. GPx is a VC fund-of-funds platform founded by Founders Fund alum Brian Singerman.
🟣 Rob Scales was promoted to General Partner at BOND.
🟣 Asher Siddiqui was promoted to Managing Director at Song United. Song United invests across tech, culture, real estate, and community, on behalf of the family of entrepreneur Dug Song.
🟣 Scott Barclay is leaving his role as a Healthcare Managing Director at Insight Partners. Scott will remain as a Senior Advisor on select Boards.
🟣 Cristina Hohlman left her role as a Chief Financial Officer at Sapphire Ventures and joined Fundomo as a Chief Financial Officer.
🟣 Jonathan Nirenberg joined Cowboy Ventures as a Principal. Jonathan previously worked at Company Ventures as a Principal. Cowboy Ventures is a seed-stage venture capital firm focusing on technology companies.
🟣 Daniel Clayton joined Adams Street Partners as a Principal. Daniel previously worked at Sapphire Partners as a Principal.
🟣 Gary Pesola joined NVentures as an Investor. Gary previously worked at Adverb Ventures and Conviction as an Investor. NVentures is NVIDIA’s venture capital arm.
ASIA
🟢 Takuya Hosomura joined Global Brain Corporation as a General Partner. Takuya previously worked at Salesforce Ventures as a Principal.
NEW FUNDS
These firms are ready to write checks, with new funds recently closed.
🔴 San Francisco-based Bain Capital Ventures closed its eleventh $1.6B fund to invest in founders building for a post-AGI world.
🔴 San Francisco-based Bessemer Venture Partners closed a new $5.75B fund to back AI founders.
🔴 New York-based Commonweal Ventures closed its second $54M pre-seed and seed-stage fund to support defense, energy, healthcare, public safety, and manufacturing companies.
🔴 Toronto-based Radical Ventures announced the first close of the Radical Breakouts Fund. The fund will invest in global AI scale-ups.
🔴 Toronto-based Portage closed its fourth $600M fund to focus on fintech companies.
🔴 Palo Alto-based Matter Venture Partners closed its second $450M HardTech venture fund.
🔴 Illinois-based MISUMI Americas is launching MISUMI Ventures, a $50M fund backing the next generation of hardware, robotics, and physical AI companies.
🔴 London-based Project Ventures announced the first close of its maiden fund to support early-stage companies where deep tech and AI meet the physical world.
🔴 Gurugram-based Finvolve announced the first close of its $26.1M growth stage fund to back defense, aerospace, and deeptech startups. The amount closed was $9.4M.
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Stay tuned for next week’s Moves in VC!
