"The unprecedented macro events of 2020 did not deter the overall VC industry, which reached another banner year across the venture cycle."
The year 2020 was a banner year for venture fundraising and it doesn't appear to be slowing down. But most capital went towards bigger firms, harming efforts by women and founders of color to gain a toehold in the industry. Senior Reporter Ben Bergman has the story.
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At least one out of every 10 venture investment dollars flowed through Los Angeles, which continued to demonstrate its heft as a tech hub, trailing only the Bay Area in total deal value. Read more>>
The Santa Monica-based firm closed its third fund, a $450 million vehicle to double down on enterprise software companies in artificial intelligence, industrial technology, cybersecurity, financial technology and cloud infrastructure. Read more>>