Lawrence Aragon
VCs and corporate backers own shares currently worth nearly $10bn for VC-backed companies that have gone public this year – minus the holdings for outliers Circle and CoreWeave, which are valued at $35bn.
The successful debuts of fintech Chime Financial and space tech company Voyager Technologies bring the total number of VC-backed IPOs this year to eight.
General Catalyst and IDG Capital were the biggest winners in Circle's IPO, with each holding 20.9m shares valued at $1.7bn at the closing price of $83.23.
The managing partner of Energize Capital, whose new Fund III is 30% bigger than its sophomore effort, shares practical advice for other GPs on the fundraising trail.
A former partner at Thomvest Ventures, Kakran will source investments across enterprise infrastructure, focusing on AI, cloud infrastructure and cybersecurity.
'We decided to actively go find partners in Canada and Europe to be long-term partners,' managing partner John Tough tells Venture Capital Journal.
LPs in Zeal Capital's Fund II include Citi Impact Fund, M&T Bank, MassMutual, Wells Fargo, Zaffre Investments and Spelman College, as well as VCs Scott Sandell and Jason Green.
LPs include French corporates Groupe ADP and Valeo, and Spanish government investment organization Institut Català de Finances, PEI reported.
The fund, which is targeting €125m, will focus on early-stage start-ups across Europe operating in sectors such as cybersecurity, information superiority, robotics, AI, autonomous systems and space technology.
Greycroft, Baroda Ventures and Mercato Partners posted significant gains in the MNTN offering, while Insight Venture Partners, Atomico and 11.2 Capital are among the big winners for Hinge.