💸 Insight Partners Launches Second 20/20 Vision Fund to Back Diverse GPs
FemWealth Issue #117
Happy Sunday, FemWealth Friends!
In the Spotlight 💸
Global tech investor Insight Partners launched its second 20/20 Vision Capital fund with $118 million in capital commitments to invest in venture capital funds led by diverse managers.
“There are a lot of philanthropic efforts that exist in this space...but what they really need is the neutral capital to go and prove themselves that they are also able to generate top quartile returns, just like any other manager.” - Dionne Chingkoe, Managing Director at Insight Partners (via Reuters)
The fund’s limited partners include Massachusetts Pensions Reserves Investment Management Board, Pennsylvania Public School Employees’ Retirement System, and New York State Common Retirement Fund.
Ansa Capital Management, Hannah Grey Ventures, and Wischoff Ventures are among the funds backed by Vision Capital II.
Read more: Insight Partners raises $118 million fund to back underrepresented VCs
FemWealth Favourites ❤️
Startups: Fraud detection startup Unit21 raises $45M (Axios Pro $) - Co-founded and led by Trisha Kothari, US-based risk and compliance startup Unit21 secured a $45 million Series C from Tiger Global and South Park Commons.
Steadily Raises $28.5 Million For Its Real Estate Insurance Platform - Co-founded by Datha Santomieri (COO), Austin-based Steadily provides a direct-to-consumer insurance product for landlords. The company raised $28.5 million in a Series B funding round led by Zigg Capital, with participation from Matrix Partners, Koch Real Estate Investments, Clocktower Technology Ventures, and Nine Four Ventures.
After bootstrapping for 8 years, accounting startup Dougs raises $27 million - Véronique Maurice and Sarah Jaouani are two of the accounting startup’s co-founders. The French company raised $27 million (€25 million) from Expedition Growth Capital.
Kenya’s MyDawa aims to be an all-in-one health platform backed by $20 million funding - Led by CEO Priscilla Muhiu, e-health startup MyDawa raised $20 million from private equity investor Alta Semper Capital.
Finnish biomaterial technology startup raises €16.3M in a new growth funding - Led by Terja Koskenoja, Woodio secured €16.3 million from United Bankers’ Forest Industry Green Growth Fund and the European Innovation Council.
Kinnu raises £5m to bring generative AI to learning - Hanna Celina is a co-founder and CPO at the UK-based AI-powered platform providing tailored learning content. LocalGlobe and Cavalry Ventures led the company’s £5.1m seed funding round.
Zinc secures a £5 million series A to revolutionise background checks - Co-founded by Charlotte Lucy Hall, Zinc provides automated, global professional background checks. AVP (AXA Venture Partners) led the company’s Series A, joined by existing investor Seedcamp.
Building the bridge between classical and quantum computing, Quantagonia has raised €4.3 million - Co-founded by Prof. Dr. Sabina Jeschke (CIO), Frankfurt, Germany-based Quantagonia, a quantum computing platform, completed a seed funding round bringing its total funding to €4.3 million.
Turning up the heat on fast-moving consumer goods market research, Algori raises €3.3 million - Lina Beinortaite is a co-founder of the Madrid-based platform offering ‘near real-time, SKU level data insights.’
AI-generated B2B video production tool Immersive Fox raises €3.3 million to further its capabilities - Founded and led by Alisa Patotskaya, the London-based generative AI platform helps businesses create in-house videos. Redseed VC, Monte Carlo Capital, and Altair participated in the startup’s £2.8m seed funding round.
Outdid Secures $2.5M to Disrupt Identity Verification with Enhanced Privacy and Trust - Ana-Maria Pricop is a co-founder of the UK-based end-to-end private ID verification solution. Jump Crypto led the company’s $2.5 million seed round.
Germany's Q.Big 3D raises €2 million to aid the launch of its Queen 1 large-format printer - Katja Herrmann is the CEO and co-founder of the company specialised in economical, large-format 3D printing.
Tallinn-based Formaloo raises €2 million to make no-code the gold standard for apps - Co-founded by Noosh Baratpour (CMO), the no-code startup offers professional teams a collaboration platform for building business apps. Change Ventures led the company’s €2 million seed round, with Hyde Park Venture Partners, Mana Ventures, and Startup Wise Guys also participating.
RoboK’s $2.1m Series A round to boost AI vision for logistics and industrial workplaces - Co-founded and led by Hao Zheng, the Cambridge, UK-based startup applies AI-powered computer vision to logistics and industrial workplaces.
Menstrual Health Startup Guud Secures $1.7 Million In Seed Funding - Co-founded by Morgane Leten, Belgian menstrual health startup Guud offers knowledge, expert support, and clinically proven supplements to support a healthy menstrual cycle. Bynd, Coformaco (Conny Vandendriessche), Lyssna (Nathalie Sintobin), Unbundled.VC, Upscalers, and Eden Ventures are among the startup’s backers.
Istanbul’s Rierino is raring to go after raising $1.25 million to expand its low-code ecommerce solution across Europe - Co-founded by Mine Bayrak Ozmen, the low-code microservice development platform raised a $1.25m seed round backed by the Future Impact Fund.
Kindred Raises $1M in Seed Funding to Scale Its Hybrid Women’s Healthcare Model in the Philippines - Founded by Jessica de Mesa and medtech entrepreneur Abetina Valenzuela, Kindred launched the first hybrid women’s healthcare solution, including an in-person clinic, in the Philippines. The company secured $1M in seed funding from KSR Ventures, Tenco Capital Holdings, Pawikan Capital Group, Pulse63 Healthcare Ventures, and Kaya Foundersround.
Tech Innovation: Quantum Delta NL receives €60.2M to accelerate Europe’s quantum tech developments - Co-founded by Freeke Heijman-te Paske, Quantum Delta NL, a Dutch public-private foundation for excellence in quantum innovation, raised €60.2m from The National Growth Fund.
VC: Public Ventures launches $100M impact fund to invest in early-stage life science, clean tech - Founded and led by Zoey Dash McKenzie, Public Ventures’ impact fund is aimed at “improving health equity and supporting climate preparedness for underserved communities.” The fund will primarily back early-stage Canadian life science and cleantech startups.
Sienna VC raising $250 million to invest in Israeli startups - Headed by Isabelle Amiel Azoulai, the fund will invest in Israeli early-stage startup companies, in sectors including AI, cybersecurity, fintech, digital health, foodtech, and agritech. The fund reached an initial closing of $100 million.
Women-Led VC Firm Backed By Fashion Billionaire Michael Ying Is Hungry For New Food Tech - Features Claudine Ying and Mimi Lau, partners of CGV Ventures, a Hong Kong-based VC firm investing in the future of food security.
Notion hits €300M for its fifth fund but is unimpressed by big rounds into generative AI startups - Itxaso del Palacio, who joined Notion in 2018 from Microsoft’s venture arm became a general partner. Stephanie Opdam was promoted to partner.
Lina Zakarauskaite is elevated from principal to partner at London’s Stride VC - Lina Zakarauskaite, formerly a principal, became Stride’s newest partner. She is one of the youngest VC partners in Europe. She is also the founder She Wolf initiative, an event series in London and Paris focusing on women entrepreneurs, operators, and angel investors. | More VC career moves: Molly Alter left Index Ventures to join Northzone’s New York office as a partner. Ella Wales Bonner (formerly at JamJar Investments and M&C Saatchi) became Cornerstone VC’s first female partner. Delphine Villuendas joined Elaia’s partnership.
Women’s Health: The vagina has huge untapped medical potential. Here’s how we can take advantage of it - Learn more about the organ’s potential in diagnostics, therapeutics, and self-care.
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Have a relaxing Sunday and an excellent week ahead!
Anamaria
Founder & Writer of FemWealth