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January 18, 2024
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Act One Ventures Secures $73M for 3rd Fund Despite Market Slump

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.

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Majority secures $20M investment boost

Article Summary TLDR: Key Points: Majority, a Miami-based provider of mobile banking and international services for migrants, raised $20M in funding. The funding round included a mix of equity and debt financing
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