Stock Groups

Serena Williams’ new venture fund raises $111 million -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: Serena Williams of the United States poses at LACMA Art+Film Gala. Los Angeles, California. U.S., November 6, 2021. REUTERS/Mario Anzuoni

(Reuters) – Serena Williams is a tennis legend who has just raised $111million for Serena Ventures. This was according to a Tuesday blog post from the fund.

The company invested among other things in Fintechs Propel and Cointracker, as well as edtech Masterclass. The blog reports that the company manages more than 60 angel investments. 13 of them are unicorns.

Alison Rapaport is the co-founder of Serena Ventures alongside Williams.

Following a larger sell-off in tech stocks recently, the company is moving to raise its first fund. Private valuations will be under pressure.

SoftBank and Tiger Global are among the biggest investors in the world. However, Andreessen Horowitz and SoftBank continue to bet on the valuations rebounding later this year due to strong investor demand for crypto and the metaverse.

Insight Partners, which is its 12th flagship fund and its biggest, raised $20 billion last month. This was to increase its investments in software and technology companies.

Andreessen Horowitz, a venture capitalist, also raised $9 million through three new funds in January. The funding surge was prompted by large global investors backing high-growth technology startups.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, futures, indexes or Forex. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. Because prices might not reflect the market, they may be incorrect. This means that prices cannot be considered indicative and are inappropriate for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]