- The venture firm, which was founded in July 2019, invests in technology that supports consumer businesses
- The firm’s founding team includes Partners Carle Stenmark, Brooke Kiley and Jeff Truong
- The firm has invested in 22 companies so far
VMG Catalyst has closed its second fund at $400 million, bringing its total capital raised to $650 million.
The San Francisco-based venture firm, which was founded in July 2019, invests in technology that supports consumer businesses.
The firm’s founding team includes general partners Carle Stenmark, Brooke Kiley and Jeff Truong.
So far, the firm has invested in 22 companies to date, across all investment stages. The investments include, ethnic grocery delivery service Weee! Grocery, so-called headless commerce platforms Shogun and Swell, financing provider Ampla and e-commerce analytics platform Daasity.
“We see tremendous opportunity at the intersection of retail and technology and look forward to supporting the Catalyst team as they back more companies focused on powering the next generation of consumer businesses,” general partner Michael Mauze said in a statement.