The former angel group raised its oversubscribed debut seed fund to complement its existing growth syndicates.
The $60bn fund and Roadrunner Venture Studios are pairing up with America’s Frontier Fund, Crosslink Capital, Khosla Ventures and others to build a robust VC ecosystem rooted in New Mexico.
The $82bn Southern California pension’s staff are expressing confidence in the direction of the portfolio despite relinquishing a spot as a top performer from early PE program.
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.
Planeteer Capital closed its debut fund with anchor investments from an Ivy League university endowment and Mike Schroepfer, former CTO of Meta and a partner at Gigascale Capital, after pitching more than 400 potential LPs.
The firm closed on $50 million to back early-stage companies and connect them with its corporate network.
Investors in Zeal's $82m Fund II include Capricorn Investment Group, Citi Impact Fund, Hampton University, M&T Bank, MassMutual, Spelman College, Wells Fargo and Zaffre Investments.
Pan Demetriou and Orr Vinegold aim to turn their accelerator into a sort of Y Combinator for UK impact brands.
'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 Longview’s North America University Innovations Fund include UK-based IP Group plc, institutional investors, large multi-family offices and prominent single-family offices.