While many newer venture capital firms are still struggling to raise fresh capital, Dimension Capital, founded in late 2022, has been raising larger and larger funds in rapid succession. On Tuesday, the New York firm, which invests at the intersection of science and computing, announced an $800 million fund, up 60% from its second $500
Ryan Beiermeister has joined Founders Fund as a partner, he announced Monday. Beiermeister is well known in Silicon Valley for several reasons. For one thing, prior to this role, she spent about two years as VP of Product Policy at OpenAI, which became a household name shortly after ChatGPT became the fastest-growing app in history.
While many top-tier venture firms continue to raise massively larger funds, Greylock Ventures, one of Silicon Valley’s oldest and most prestigious venture firms, is intentionally bucking the trend of increasing fund size. On Tuesday, the 61-year-old company announced it had raised an 18th fund of $1.5 billion. The figure is 50% higher than its previous
The U.S. National Science Foundation, one of the world’s largest funders of fundamental science, is expected to sharply reduce spending across most of its directorates.Credit: IB/Alamy Photography The US National Science Foundation (NSF) plans to expropriate money from its core science programs to fund an initiative by the White House Office of Science and Technology
Nandan Nilekani, co-founder of Indian IT services giant Infosys, will no longer be a general partner at Fundamentum Partnership, the venture capital firm he co-founded nearly a decade ago. Nilekani (pictured above) will step down as Fundamentum launches its third fund, aiming to raise around $200 million. It will be the fund’s anchor investor and
Vermilion Cliffs Ventures announced Wednesday the closing of a $25 million Fund II. The company was founded in 2023 by operator-turned-investor Ashley Smith, who runs it as one of the few solo female GPs in venture capital. Speaking to TechCrunch, Smith said this fund will continue the company’s thesis of backing technical founders, specifically those