• Latest
Kapor Capital’s new crew is raising an opportunity fund

Kapor Capital’s new crew is raising an opportunity fund

February 4, 2023
Ezekiel Lewis Promoted to President of Epic Records

Ezekiel Lewis Promoted to President of Epic Records

June 1, 2023
Walt ‘Baby’ Love, Nelson George & More to Be Honored by Living Legends Foundation

Walt ‘Baby’ Love, Nelson George & More to Be Honored by Living Legends Foundation

June 1, 2023
Margaret Cho Kicks Off ‘The Sound Of Pride’ With A Message For All: ‘Fight For Queer Rights’ (Exclusive)

Margaret Cho Kicks Off ‘The Sound Of Pride’ With A Message For All: ‘Fight For Queer Rights’ (Exclusive)

June 1, 2023
Mookie Cook: 5 Things About The Basketball Star Playing Young LeBron James In ‘Shooting Stars’

Mookie Cook: 5 Things About The Basketball Star Playing Young LeBron James In ‘Shooting Stars’

June 1, 2023
Khloe Kardashian, Scott Disick Joke About ‘Practice’ Date After Tristan Split

Khloe Kardashian, Scott Disick Joke About ‘Practice’ Date After Tristan Split

June 1, 2023
Kim and Khloe Contemplate Reality TV Future After ‘The Kardashians’ Criticism

Kim and Khloe Contemplate Reality TV Future After ‘The Kardashians’ Criticism

June 1, 2023
California lawmakers and AV industry battle for future of self-driving trucks

California lawmakers and AV industry battle for future of self-driving trucks

June 1, 2023
Indian SaaS startup Capillary Technologies grabs $45M to expand globally

Indian SaaS startup Capillary Technologies grabs $45M to expand globally

June 1, 2023
Mzansi Youth Choir Win ‘AGT’ Golden Buzzer With Emotional Tribute to Nightbirde: Watch

Mzansi Youth Choir Win ‘AGT’ Golden Buzzer With Emotional Tribute to Nightbirde: Watch

May 31, 2023
Flume, Confidence Man, Julia Jacklin Lead Nominations for 2023 AIR Awards

Flume, Confidence Man, Julia Jacklin Lead Nominations for 2023 AIR Awards

May 31, 2023
HOT
Celebrity Herald
  • Celebrities
  • Entertainment
  • Music
No Result
View All Result
Celebrity Herald
No Result
View All Result
Advertisement Banner
Home Technology

Kapor Capital’s new crew is raising an opportunity fund

February 4, 2023
in Technology
390 8
0
Kapor Capital’s new crew is raising an opportunity fund
548
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter

Four months after closing its largest fund to date, Kapor Capital wants more. The firm is under new leadership after co-founders Freada and Mitch Kapor stepped back from the outfit, which focuses on funding social impact ventures and founders of color. Now, led by Uriridiakoghene “Ulili” Onovakpuri and Brian Dixon, Kapor Capital is hoping to raise a $50 million opportunity fund, according to an SEC filing.

The opportunity fund, if closed, would continue Kapor Capital’s new strategy of taking capital from outside investors. Up until last year, all of Kapor’s funds were directly from the founding partners; in September, though, the firm closed a $126 million Fund 3 backed by investors including Cambridge Associates, Align Impact, Ford Foundation, Bank of America, PayPal and Twilio.

At the time, Dixon told TechCrunch that turning to external investors helps the firm with access; Kapor is now writing checks between $250,000 and $3 million with a primary focus on participating in pre-seed and seed rounds. Onovakpuri said the larger fund would allow them to invest in more companies with bigger checks.

That said, with presumably a fresh chunk of capital to deploy, why would Kapor be eyeing an opportunity fund? It’s a trend-turned-standard among early-stage venture capital firms that want to get in on later rounds of their star portfolio companies. Last year, Khosla debuted an opportunity fund and last week, Cowboy raised its first of the kind as well.

Kapor Capital did not immediately return a request for comment.

Read More

Advertisement Banner

You Can Like

California lawmakers and AV industry battle for future of self-driving trucks
Technology

California lawmakers and AV industry battle for future of self-driving trucks

by
June 1, 2023
0

A California bill that would require a trained human safety operator to be present any time a heavy-duty autonomous vehicle operates on...

Read more
Indian SaaS startup Capillary Technologies grabs $45M to expand globally
Technology

Indian SaaS startup Capillary Technologies grabs $45M to expand globally

by
June 1, 2023
0

Capillary Technologies, an Indian SaaS startup that offers solutions for loyalty management and customer engagement, has raised $45 million in a funding...

Read more
NXP unveils its latest processor, the i.MX 91, during Computex
Technology

NXP unveils its latest processor, the i.MX 91, during Computex

by
May 31, 2023
0

During Computex today, Dutch semiconductor giant NXP announced its i.MX 91, the latest processor from its i.MX 9 series of applications processors...

Read more
Uber drops ride discounts for subscribers, switches to cash back
Technology

Uber drops ride discounts for subscribers, switches to cash back

by
May 31, 2023
0

“I only subscribed for the discounted rides, so I’ll go ahead and cancel now,” Harri Weber, a colleague and erstwhile Uber One...

Read more
Max Q: Galactic
Technology

Max Q: Galactic

by
May 30, 2023
0

Hello and welcome back to Max Q! Happy Memorial Day everyone. In this issue: Astranis’ novel approach to GEO satellites Virgin Galactic’s...

Read more
A popular Android app began secretly spying on its users months after it was listed on Google Play
Technology

A popular Android app began secretly spying on its users months after it was listed on Google Play

by
May 30, 2023
0

A cybersecurity firm says a popular Android screen recording app that racked up tens of thousands of downloads on Google’s app store...

Read more
  • Privacy Policy
  • Contact Us

© 2023 Celebrity Herald - All Rights Reserved

No Result
View All Result
  • Celebrities
  • Entertainment
  • Music

© 2023 Celebrity Herald - All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In