"Floating Point Falls Short: Sophomore Fund Misses Target Projection"

TLDR:

Key Points:

Floating Point falls short of its $100 million target for its sophomore fund, closing at $70 million instead.
The fund focuses on deep tech investments.

In a recent development, Floating Point, a venture capital firm aiming for a $100 million target for its sophomore fund, concluded fundraising with a final close at $70 million. The fund, specializing in deep tech investments, has completed this round successfully, albeit short of the original goal.

Post Views: 42

Latest from Blog

Arch Venture Partners secures over $3bn for Fund XIII

TLDR: Arch Venture Partners has raised over $3 billion for Fund XIII. Investors in the fund include Alaska Permanent Fund and Rockefeller Brothers Fund. In a recent development, Arch Venture Partners has

Raising Your First Venture Fund: Tips for Success

TLDR: Samir Kaji, a seasoned venture capital professional, shares a six-point plan for raising a venture fund as a first-time fund manager. Key steps include staying focused on a niche, not worrying

Exploring China’s Quantum Computing Breakthrough and VC Trends

TLDR: ONCO stock surged over 80% in pre-market after Altos Venture acquired a stake Chinese low float stocks like DUO rose over 40% in sympathy with large caps Summary: The article discusses

The Blindspot: Venture Capitalists’ Go-To Tool with Fatal Flaw

TLDR: Nader Al-Naji, founder of Bitclout, was arrested for an alleged crypto scam involving VC giant Andreessen Horowitz as a victim. VCs’ pattern matching led them to invest in Al-Naji despite red

Korean startups seek corporate investors in challenging ecosystem climate

TLDR: Korean startups are seeking corporate investors as funding becomes harder to secure. The government in South Korea has relaxed CVC rules to attract more foreign investment. Korean startups are facing a

Floating Point Falls Short: Sophomore Fund Misses Target Projection