Act One Ventures, a Los Angeles-based venture capital firm, has raised $73 million for its third fund, bringing its assets under management to $148 million. This comes at a time when the venture capital industry is experiencing a contraction, with firms unable to raise new funds. Act One will continue to back business software companies at the seed stage, with a focus on vertical SaaS, fintech, compliance, and ecommerce infrastructure. The firm plans to reserve a significant portion of the fund for follow-on financing of portfolio companies.
Act One Ventures Secures $73M for 3rd Fund Despite Market Slump
Latest from Blog
Unveiling the Secrets: $85M Investment in AI-Crypto Startup Sentient
TLDR: Sentient, an AI-crypto startup, raised $85 million in seed funding, attracting top VCs. The team behind Sentient, led by Sandeep Nailwal and distinguished engineers, impressed investors with their vision of building
Saudi Arabia dominates MENA venture capital investments in first half
TLDR: Saudi Arabia topped MENA for venture capital investment in H1 2024 with about $412 million. E-commerce and retail sales ranked first among sectors in the Kingdom, contributing 52% of the total
Chinese Start-ups Set for Global Success: VC Fund Chief Speaks
TLDR: 01VC, a Shanghai-based venture capital firm, plans to invest $2-3 million in 10 companies with global ambitions over the next two years. Low Chinese valuations and caution among global investors create
Flagship Pioneering Secures $36B for 25 New Startups
TLDR: Flagship Pioneering plans to support the creation of 25 new startups in life sciences, sustainability, and artificial intelligence with $3.6 billion in capital. The company aims to lead the AI revolution
Top 28 US AI Startups Raising $100M+ in 2024
TLDR: Key points from the article: TechCrunch is part of the Yahoo family of brands, which includes Yahoo and AOL. When using their sites and apps, Cookies are used for various purposes