• At Basis Set Ventures merging venture capital and software development yields a $165 million new fund

    24 days ago - By TechCrunch

    When Xuezhao Lan first formed Basis Set Ventures , the goal was to leverage technology to give venture capital investing super powers.
    From the earliest days, when Lan hired former TechCrunch reporter John Mannes, and then built out the team with the data scientist, Rachel Wong, former Upfront Ventures partner, Chang Xu, and former vice president of growth, Sheila Vashee, the focus was as much on technology products as it was on dollar investments and advisory services.
    Together with Niniane Wang, a former advisor who now serves as the firm's chief technology officer, Basis Set grounded...
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  • SOSV's burgeoning climate portfolio is worth nearly $6 billion as planetary health bets pay off

    SOSV's burgeoning climate portfolio is worth nearly $6 billion as planetary health bets pay off

    24 days ago - By TechCrunch

    The burgeoning climate focused portfolio from early stage investor SOSV Investments has managed to raise nearly $2 billion in follow on financing since the startup companies graduated from the investment firm's various accelerator programs. Taken together those companies have a collective market capitalization of nearly $6 billion.
    Ahead of Earth Day this year, the early stage investor responsible for a series of accelerators including HAX, IndieBio, Chinaccelerator, and Food Labs, tallied up the results of the $89 million the firm has committed to these companies and the results, were...
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  • As capital pours in to climate investments, Congruent Ventures closes on $175 million for early stage bets

    As capital pours in to climate investments, Congruent Ventures closes on $175 million for early stage bets

    24 days ago - By TechCrunch

    Congruent Ventures , the early stage investment firm focused on technologies and services designed to avert the current climate emergency, has raised $175 million in financing for its latest fund.
    The firm, which now has $300 million in assets under management, is focused on investing in pre-seed, seed and Series A rounds and was founded by Abe Yokell and Joshua Posamentier, two longtime investors in the climate space with over twenty years of experience investing in the sector.
    “With the dawn of a new administration dedicated to infrastructure climate and a long-overdue influx of capital...
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