The Dubai-based firm will continue its early-stage strategy and begin backing later-stage start-ups with its debut growth fund.
Managed with Evercore, the HighVista deal drew more than 40 potential bidders and reinforces the Boston investment firm’s expanding presence in the secondary market.
The Kenya-based early-stage investor began as an accelerator program and backed more than 60 companies before launching its first equity fund.
The Las Vegas-based firm is leveraging its founders’ backgrounds to invest in cybersecurity, infrastructure, data and AI start-ups.
The firm is already exhibiting strong results, with one unicorn, a successful exit and five up rounds among the achievements of half of its 12 investments so far.
The San Francisco-based firm's LPs include the endowments for Princeton University and University of Michigan, as well as TIFF Investment Management, a fund of funds.
The multi-stage tech investor has backed big names including Airtable, Carta and Kraken.
The way investors approach and describe sustainability has evolved, but that is not the only thing that is changing, said speakers at the Frame conference in London.
The New York-based VC intentionally downsized its latest vehicle to focus on the quality of its LP base.
Aiming to start 25 new companies from scratch by 2030, the incubator hopes to stem the outflow of immigrant entrepreneurs who are moving to the US to start businesses due to limited support at home.