First Close Partners strives to make VC more inclusive. We back venture funds owned by underrepresented managers (“URMs”), esp to help them to a “first close.”
Feb 21, 2021 • 7 tweets • 2 min read
We green lit 2 more investments into venture funds today. Last week, we had initial calls with new managers about their funds & also spent time with other LPs sharing deal flow, serving as references & discussing the diligence we had done on funds under mutual consideration
We’ve watched several funds in which we were early LPs garner some additional institutional investors, which has been great to see.
We also added 3 friends in Europe to our partnership.