Greylock secures $1B to invest in early stage founders

GM everybody. The funding volume in Q3 of 2023 came out this past week, and early stage funding continued to decline.

It’s tough out there, but there are still venture firms with new funds. This week, we had 6.

Read Time ~5 min

• Where’s that money? 💸

• VC Firms hiring 😎

Where’s that money? 💸

Greylock

Global | Pre-seed to Series A | SaaS

Longtime investment firm, Greylock, has announced their 17th fund coming in at $1B. This fund will exclusively invest in early-stage enterprise and consumer software companies. In addition, they are launching Greylock Edge, which is an exclusive pre-seed incubation program where the partners work directly with entrepreneurs to get product market fit.

Visa Ventures

Global | Early Stage | Commerce, Payments, Fintech

Visa Ventures will invest their $100M venture fund into AI companies that “that will impact the future of commerce and payments.” They are interested in speaking with companies building across the stack from payments to infrastructure.

At One Ventures

Global | Early Stage | Climate Tech

The climate tech firm was founded in 2020 by Tom Chi, a founding member of Google X, and they just announced the close of a $375M second fund. They will back early-stage startups that improve planetary health.

The firm has a globally distributed portfolio, with 70% of companies in North America, 15% in Europe, and 15% across Africa, South America and Israel.

Section 32

Global | Series A and Series B | Frontier Technology

The fifth fund comes in at $525M for ex-Google Ventures CEO, Bill Maris. His venture firm, Section 32, will continue to invest in software-driven businesses in tech and healthcare “that improve the human condition". So far they have already invested in six companies out of this new fund, and are targeting 25 companies to invest in.

HCVC

Europe and North America | Pre-seed and Seed | Deeptech

The Paris based VC firm has raised their second fund coming in at $75M. Founder and Managing Partner, Alexis Houssou, said “We want to back founders that create a future with more clean energy, more powerful computing, more context-aware robots, better defense tools for democracies, and biomanufacturing that enables us to decarbonize food production.”

The Ensemble Event Fund

U.S. | Pre-seed | Data and Software

First Row Partners, a venture capital firm based in Seattle, has introduced The Ensemble Event Fund. This newly established fund is currently open for applications from startups across the United States, spanning various technology sectors. Successful applicants will receive $150,000 to $200,000 in capital from the angel network.

Applications close this week on October 12th. Apply here.

Who’s Hiring? 😎

Psst…firms that are expanding their investment team often are raising a new fund behind the scenes. 💰

And that’s a wrap!

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Cheers! 🥂 Have a great week.