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Excited to launch Ludlow Fund 5 with @BrettdeM. We are beyond blessed to work with incredible entrepreneurs and amazing LP’s. I hope we get to do this for a very long time. https://t.co/8imZJaD58s
Scoop: VC firm Benchmark is raising a new $425 million fund, per an investor letter obtained by @Forbes. The firm's eleventh fund, sized the same as its previous, is symbolically styled 'Benchmark 1' to reflect a new "technological era" with gen AI. https://t.co/Dq0l2tctw4
Big congrats to @DormRoomFund OGs @phineasb and @bencmejla on a monster Fund II. Grateful that the powerhouse crew at @thegp has our founders', students', and community's backs. <3 https://t.co/QgtRhCZtL3
The General Partnership, a venture capital firm known for utilizing 'sweat equity' deals alongside traditional funding, has successfully raised $300 million for its second fund, Fund II. The announcement was made by Phineas Barnes, a partner at the firm, who expressed gratitude to the team, founders, and limited partners involved. Dan Portillo, another key figure at The General Partnership, has been recognized for his contributions, particularly as one of the few Latino VC fund managers operating at this scale. The firm has been praised by its partners and portfolio companies for its support and collaboration.