So naturally, anytime we hear of a new female-led fund, our ears perk up.
Today, New York-based Avid Ventures announced the launch of its $68 million debut venture capital fund. Addie Lerner who was previously an investor with General Catalyst, General Atlantic and Goldman Sachs founded Avid in 2020 with the goal of taking a hands-on approach to working with founders of early-stage startups in the United States, Europe and Israel.
“We believe investing in a founder’s company is a privilege to be earned,” she said.
Tali Vogelstein a former investor at Bessemer Venture Partners joined the firm as a founding investor soon after its launch and the pair were able to raise the capital in 10 months’ time during the 2020 pandemic.