SIP Global Partners hits $75m first close of debut venture fund
Kabukicho, Tokyo, Japan. Photo: Fabrizio Chiagano
March 11, 2021
SIP Global Partners, a US- and Japan-headquartered venture capital firm, has made a $75 million first close of its debut fund that seeks to invest in early-stage US startups with the potential to expand into Japan and other Asian markets.
The fund, which targets $150 million in total commitments, has already made five investments and continues to look at late seed to Series B-stage firms that have a product that is ready to expand in Asia and the Gulf region, according to a company announcement.
Japan is under discussed as an expansion target for American startups, but in the past few years it has become a top market for companies like Slack, Salesforce, Twitter and, more recently, Clubhouse. Today SIP Global Partners is announcing a new fund to invest in early-stage U.S. startups that have the potential to expand into […]
Press release content from Business Wire. The AP news staff was not involved in its creation.
Veteran Investor From General Catalyst & General Atlantic Launches Avid Ventures with $68M Debut Venture Capital Fund
February 19, 2021 GMT
NEW YORK (BUSINESS WIRE) Feb 19, 2021
Avid Ventures today announced the launch of its $68 million debut venture capital fund. Avid backs exceptional founders at the Series A and B stages who are building transformative technology companies. Pursuing a highly collaborative investment strategy, Avid partners with top-tier lead investors and takes a hands-on approach to helping founders evolve their early-stage startups into proven growth businesses. Avid was founded by Managing Partner Addie Lerner, decade-long investor at General Catalyst, General Atlantic, and Goldman Sachs, and has already made six investments in companies accelerating the credit, identity, co-working, healthcare, mortgage, and alternative payments industries.