MXV Capital raised $52m from limited partners including Bain Capital Ventures, Cendana Capital, Pritzker Group, K5 Global and Social Leverage, among others.
Global venture capital fundraising plummeted in Q1, with fewer than 100 funds closing on a combined $26.7bn, according to Venture Capital Journal research.
Recent layoffs and fee cuts at venture firms point toward a difficult year ahead, but a longtime compensation consultant for VC and other private funds said the picture isn’t as grim as some might think.
A new venture fund founded by the former head of BlackRock’s venture unit has made its second strategic hire as it works toward closing its first fund.
Mayfield, one of Silicon Valley's oldest venture firms, had no trouble navigating the fundraising slowdown, raising just under $1 billion for two new funds.
Matthew Goldstein, who co-founded M12, Microsoft's venture capital fund, has joined Systemiq Capital, an early-stage investor in climate tech, as a general partner.