London-based Connect Ventures has secured $55m in a first close of its fifth fund, which has an $80m target and will focus on deeptech founders.
Connect Ventures, the London-based venture firm, has raised $55m in the first close of its fifth fund. The fund has a target of $80m, according to Sifted, and the firm is using it to chase deeptech founders.
The first close allows Connect Ventures to begin deploying capital while it continues fundraising toward the $80m target. The firm's focus on deeptech marks a strategic emphasis for the new vehicle.
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