Horizons Ventures backs AI startup Fano Labs in first Hong Kong investment

 Horizons Ventures, the VC firm founded by Hong Kong’s richest man Li Ka-Shing, has made a rare early-stage investment after it backed AI startup Fano Labs. Horizons has invested in the likes of Facebook, Razer, Slack, Improbable, Spotify and more, and now it is putting undisclosed money into Fano Labs, which recently graduated AI accelerator…

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Menlo Ventures raises new $450M fund to back early consumer, enterprise and ‘frontier technologies’

 Silicon Valley VC Menlo Ventures has closed a new $ 450 million fund to invest primarily in early-stage “consumer, enterprise and frontier technologies”. The funding brings the firm’s total capital to more than $ 5 billion under management, while Menlo Ventures says the fund was oversubscribed with both new and existing limited partners. Read More…

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Former TechShop CEO Mark Hatch joins Network Society Ventures as General Partner

 Early-stage venture firm Network Society Ventures has snagged TechShop’s former CEO and co-founder Mark Hatch as general partner. Hatch is recognized as a pioneer of the maker movement, is a current entrepreneur in residence at UC Berkeley, and is a former Green Beret. For those who don’t know it, TechShop bills itself as “a membership-based DIY… Read More…

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Singapore’s Jungle Ventures brings on three new operating partners

 Jungle Ventures, the Singapore-based VC firm that launched a $ 100 million fund last year, has recruited three new operating partners to its team. Michael Smith comes from streaming service HOOQ, where he was chief product officer, joining recent hires Gabriel Lundberg, ex-Spotify, and Tiang Lim Foo, who led Evernote business development in Asia Pacific…

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Menlo Ventures has raised a $250 million “opportunity fund,” its first

 Menlo Ventures, the 40-year-old, Sand Hill Road venture firm, has raised a new, $ 250 million “special opportunities fund,” says a spokeswoman. (The SEC filing is here.) The idea: to address a comparative dearth of capital for startups that are looking for Series B and C funding, now that non-traditional players like Fidelity and BlackRock are…

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