happening

What is happening with all these new venture funds? A growing number of venture firms may be uncorking champagne ahead of the New Year. Today, a handful of investment firms announced new funds: Artis Ventures, BoxGroup, Playground Global and Singular all closed on funds, while Partech said it was launching a €360 million venture fund. Steph Choo, a partner at the venture firm Portage, maintains that it’s still a “tough fundraising environment.” She thinks what we’re seeing is the result of continued interest in funds with strong track records and distributions to paid-in capital. ), which may drive renewed interest next year.”In the meantime, LPs may not be responding so much to what’s around the corner in 2024 but looking across the longer horizon, particularly given that venture funds typically invest across a 10-year period.