Cendana Capital’s Post

💵📊 Avid Ventures has launched its second early-stage fund closing $87 million. This brings the total capital raised by the company to over $165 million. The Avid Fund II will back exceptional founders building transformative software and fintech companies from Seed to Series B stages. 📈 The VC firm welcomed new institutional investors, including The Mellon Foundation, Hall Capital Partners LLC, Vintage Investment Partners, UJA-Federation of New York, Soka University of America, and CM Wealth Advisors, among others. Returning Fund I investors include Foundry, General Catalyst, and multi-billion dollar philanthropic family offices. It was also backed by leading investors and executives such as Brian Singerman (Partner, Founders Fund), Rob Hayes (Partner, First Round), and Susan Sobbott (former multi-decade American Express leader). 🤖 Read more here: https://shorturl.at/PExRv Addie Lerner Daniel Simon Nicky Goulimis #tech #funding #news #VC #technology #investment #innovation

Many #emerging managers are struggling to raise their funds in this market, however, the best GPs who've proven themselves, continue to close their funds. According to a recent Pitchbook survey, 13% of GPs interviewed plan to not raise another VC fund, which is up from 6% over 2023. We at 1200vc look forward to investing in more #GPs over these next few vintages as more traditional #LPs continue to pull back their allocations. https://lnkd.in/gE-vFn6R

Excited to share my first blog post inspired by my experience and learnings while at Exceptional Capital. Huge amount of gratitude for Marell E., Andrew Van Nest, Melissa Morano Aurigemma, and Graham Stoddard for making these last few months so impactful. You opened my eyes to the other side of the table! A couple of questions that are core to my reflections: - How can LPs and emerging early stage venture funds learn from our sometimes overlooked similarities? - Could emerging VCs approach fundraising at different stages of their firm journey similar to founders raising different financing rounds? Would this make transparency from the LP side easier and fundraising less opaque for GPs? - How can E&Fs be more value-additive to emerging GPs? Would emerging VCs find value in that? - How can junior LPs learn from VCs younger in their careers? #LPs #EmergingManagers #VC #EmergingAllocatorAssociation #EmergingAllocators #Venture #Fundraising

NFX has shared a detailed guide by Omri Amirav-Drory, on how individuals can start their own VC fund. Drory explains the intricacies of raising capital, building a strong fund strategy, and becoming a top 1% investor through added value to startups. With his experience as a scientist and founder, Drory offers a unique perspective on the steps necessary to thrive as a new VC. For those looking to break into the world of venture capital, this post offers strategic insights and practical advice. https://lnkd.in/eTqEJzVv #Venture #VentureCapital #VC

That's what I keep saying! There is a generational wealth generation opportunity for LPs across the world to invest in INCREDIBLE venture capitalists across the European continent (and the nearby Isles!) #europe #venturecapital #openlp #limitedpartners #fundraising

Check out the latest The Wall Street Journal piece featuring our CIO, Luke Carroll and other reputable LPs. They share valuable insights into the venture capital landscape, including what LPs are focused on for 2024, as we enter what looks to be another tough fundraising environment. A particular focus will be on portfolio valuations, resetting of fund TVPI and honest communication from GPs to LPs about portfolio health. Read the article here: https://lnkd.in/g_DtgBsx

We've raised $1.3B Balderton Capital in new funds across early and growth to continue supporting UK & European technology founders. This is the 8th(!) fundraise I've been part of and have shared some thoughts on why venture matters, how fundraising in Europe has changed and how we differentiate ourselves through conviction here: https://lnkd.in/e2XRcagq

Exploring #EvergreenFunds with a #VC Investor Who Raised One VC and #PE fund structures are traditionally raised in the #closedended manner, through #limitedpartnerships with end dates. A less common alternative to this is an #openended / #evergreen fund, an ongoing structure that continues indefinitely. In this article the authors discuss the nuances of #openendedfunds with a #GP from B37 Ventures, who raised and operates one. https://lnkd.in/esRNcbSa.

#StartupNews 🚨| Peak XV Partners is set to launch #PeakXV Anchor Fund— a permanent capital vehicle investing in new businesses and strategies, sources tell Shruti Malhotra. Details here ⬇️ | Young Turks

This week, Alex Pattis and Zachary Ginsburg published a new edition of Last Money In on Balaji's 506(c) fund. --- How can GPs benefit from leveraging their personal brands? Ask Balaji, who recently launched his venture fund, backed by tech heavyweights like Naval Ravikant, Brian Armstrong, Fred Wilson, and others. The twist? You can invest too*. Balaji has spent years building his personal brand, and now Balaji is leveraging his vast community of nearly 1M X followers to publicly raise his venture fund. Thanks to a special regulation called Red D 506(c), GPs can openly advertise and raise capital from their communities online and in person. Balaji's online following has not only positioned him to attract a wide funnel of high-quality deal flow but it's also curated a group of accredited LPs that will inevitably contribute to his newest fund. Today, GPs take advantage of their strong personal brands to market their capital raises broadly. And Balaji isn't alone... Other GPs have raised public funds too, including Ryan Hoover, Sahil Lavingia, Sophia Amoruso, McKeever (Mac) Conwell,II, and others. If you're an investment professional, having a strong personal brand and differentiating your ability to manage capital, is the key to unlocking new investor relationships. It's not too late to get started. Reach out to Ikaria Labs to partner on your content strategy that's designed to attract, engage, and nurture your investor base. *506(c) funds are only available to accredited investors.