This week’s Moves in VC contains 8 moves and 9 new fund announcements, compiled from 40+ sources.
ICYMI
🔵 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.
WESTERN US
🟠 Vivek Gopalan was promoted to Partner at 8VC.
🟠 Justine Huang Burns joined Adams Street Partners as a Partner. Justine previously worked at Goldman Sachs and Industry Ventures as a Managing Director.
🟠 Mark Rostick left his role as a Vice President and Senior Managing Director at Intel Capital.
🟠 Juliette Bolea joined Menlo Ventures as a Principal. Juliette previously worked at Sound Ventures as a Venture Investor.
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EASTERN US
🟣 Roy Kamineni joined Asymmetric as an Investor. Roy previously worked in the Technology Growth Equity team at Summit Partners. Asymmetric is an early-stage venture capital firm focusing on software, marketplaces, fintech, and digital health companies.
🟣 Jeff Weinstein is leaving his role as a Partner at FJ Labs to start his own firm. FJ Labs is a stage-agnostic venture fund.
MIDWESTERN US
🟢 Jennifer Hankins joined Rev1 Ventures as President and CEO. Jennifer previously worked at Tulsa Innovation Labs as a Managing Director. Rev1 Ventures is an early-stage venture studio focusing on SaaS/AI, deep tech, and life sciences companies.
EUROPE
🟡 Tatiana Shalalvand joined Cherry Ventures as a Partner. Tatiana previously worked at Kinnevik as an Investment Director.
NEW FUNDS
These firms are ready to write checks, with new funds recently closed.
🔴 Menlo Park-based Seligman Ventures raised $1B to focus on AI infrastructure and hardware.
🔴 Menlo Park-based Lightspeed Venture Partners launched a new $250M India fund to support early-stage AI companies.
🔴 Menlo Park-based Sundance Growth closed its second $250M fund to invest in B2B software companies.
🔴 Los Angeles-based Pulse Fund closed its $63M inaugural fund to back early-stage climate companies.
🔴 London-based Connect Ventures raised $55M for its fifth fund, with a target of $80M. The fund will invest in AI, infrastructure, hardware, robotics, and biotech companies in Europe.
🔴 New York-based Zero Infinity Partners closed its second $156M fund to back infratech startups.
🔴 Germany-based DTCP announced the first close of its defense fund, securing $517.3M in commitments.
🔴 Belgium-based NewSchool VC closed its first $11.4M fund to back early-stage B2B Belgian technology companies.
🔴 Paris-based Sofinnova Partners closed its fourth $93.2M fund to focus on medtech companies.
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Stay tuned for next week’s Moves in VC!
