As the market swoons, venture capital firms continue to announce new funds.
TechCrunch reporters covered five of these more in-depth Tuesday, as you will see below.
Meanwhile, I corresponded with three firms about their funds and any concerns that limited partners had brought up during the fundraising stage.
Haris Khurshid, general partner at Chalo Ventures, launched a $50 million second fund focused on investing in Pakistani startups and a smaller percentage in Latin American startups.
“With a large population, Pakistan is geographically smaller, well-connected with fewer provinces, has lower regulatory barriers and doesn’t have strong incumbents,” Khurshid, who is originally from Pakistan, said via email. “This allows Pakistani startups to scale faster throughout the country and expand into other markets.”
The firm started raising two months ago and already secured $35 million in commitments and cash in hand. Khurshid said that he expects to close by the end of the second quarter and start investing in the third quarter.
Khurshid explained that the fundraising environment “wasn’t as challenging as we thought it would be,” and what helped was that specific goal of investing in Pakistan. He did say that LPs wanted to know how the firm would navigate investment in that market, which required the firm to do a bit of educating on why Pakistan needed a focused fund.
The global VC total in the second quarter was still above any quarter of 2020. It’s a massive figure, in other...
Read Full Story: https://techcrunch.com/2022/07/12/venture-capital-funding-new-funds/
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