filings

“Ex-SpaceX Leader Tom Ochinero Establishes Fresh Venture Capital Entity, Documents Disclose”

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Former senior SpaceX executive Tom Ochinero is teaming up with SpaceX alum-turned-VC, Achal Upadhyaya, and one of Sequoia’s top finance leaders, Spencer Hemphill, on a new venture called Interlagos Capital, TechCrunch has learned. There is little public information available about Interlagos, and the trio did not respond to TechCrunch’s request for comment. Ochinero, Upadhyaya and Hemphill are all listed on the documents. Ochinero is just the latest SpaceX executive to move from the behemoth space company into venture investing. Other notable investors in the SpaceX-to-VC pipeline include Founders Fund’s Scott Nolan, who was a very early SpaceX employee, and Alpine Space Ventures’ Bulent Alton.

“New Climate Fund: $200M Raised by Bay Bridge Ventures, According to Filings”

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Climate investor Bay Bridge Ventures is raising a new $200 million fund, TechCrunch has exclusively learned. Bay Bridge filed paperwork Monday for the new climate fund with the U.S. Securities and Exchange Commission. And Congruent Ventures raised a $275 million fund in 2023, turning down $325 million in additional LP interest. Bay Bridge Ventures is new, having been founded in 2022 with a focus on ESG more broadly and sustainability in particular. Still, that doesn’t mean Bay Bridge lacks experience.