Venture Capital: Recent Fundraises By Venture Firms, Including Accel
Of note is the new $4 billion global late-stage “leaders fund” from Accel.
This week, three interesting, and high value new fund raisings by venture capitalists.
London-based FTSE 250-listed investment firm IP Group announced today the launch of Kiko Ventures, a $450 million (£375 million) platform to invest in the next generation of climate tech visionaries and create new possibilities for a regenerative future.
Described as the world’s first evergreen cleantech venture investor, Kiko will invest in “category-leading climate tech champions of the future.”
“We’ve launched Kiko to unleash the full power of human ingenuity by uniting ideas, expertise and capital to unlock a sustainable future,” said Robert Trezona, Founding Partner of Kiko Ventures. “To do this, we’ve created an investment model of truly flexible capital that empowers change, rather than hindering it.”
Phoenix Court Group
Phoenix Court Group, also London-based, announced its $500 million in new funds, titled Solar and Basecamp. The new funds follow LocalGlobe focused on the pre-seed and seed stage, and Latitude focused at the breakout and early growth stage.
“This marks the transition of Phoenix Court Group into a life-stage tech investor, having established a global reputation for investing in startups at seed stage that go on to become unicorns through LocalGlobe and Latitude, Phoenix said in a statement.
Solar is the firm’s scale-up fund focussed on supporting tech businesses on their journey from the private to the public markets, and beyond. Basecamp is a diverse community of 50+ emerging early stage funds, angels and solo GPs across Africa, Asia Pacific, Europe, India, Israel and the US.
Silicon Valley based VC firm Accel announced the close of a $4 billion global late-stage “leaders” fund.
“This fund is a critical element in our global strategy, and will provide expansion capital to promising companies within our own portfolio worldwide, as well as to aspiring companies that are new to the Accel family,” the firm wrote. “It also complements our early-stage and growth-stage funds where we will stay focused on being the first partner to Seed, Series A, and bootstrapped or lightly-capitalized businesses.”
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