DVRGNT Ventures

New funds announced in November 2024: ↳1. MaC Venture Capital - $150M fund https://lnkd.in/dATTwuBY ↳2. Superscrypt - $100M fund https://lnkd.in/dFfGaeCx ↳3. Conviction - $200M fund https://lnkd.in/dBGz5Kfa ↳4. Faber - $33.9M fund https://lnkd.in/dVEU_U_a ↳5. Altos Ventures - $500M fund https://lnkd.in/dvPGD8UB ↳6. Chicago Ventures - $80M fund https://lnkd.in/dFfGaeCx ↳7. Forerunner - $500M fund https://lnkd.in/dc8qYJs6 ↳8. Bek Ventures - $250M fund https://lnkd.in/dGGpx3tx ↳9. Portal Ventures - $75M fund https://lnkd.in/dTNf3eij ↳10. Rosberg Ventures - $100M fund https://lnkd.in/dCE5aNmg ↳11. Initiate Ventures - $45M fund https://lnkd.in/dMcaMQbf ↳12. Bling Capital - $270M fund https://lnkd.in/drHzPaN5 ↳13. Accolade Partners - $202M fund https://lnkd.in/ddqVrUu6 ↳14. Illumen Capital - $32.75M fund https://lnkd.in/dmEMrqrW That's a wrap! Read the full article to learn what these funds are investing in: https://lnkd.in/dXcYMNmY Follow EverythingStartups for more! #startups #venturecapital #fundraising #founders

I've had the privilege of participating in several pitch contests. Still, TechRise Chicago is next level in terms of experience, founders, community connections, and team commitment. Most folx know it is my second home after Memphis, and I was heartened to see what Desiree Vargas Wrigley is building in the best city on Earth (no need to argue the point because it’s true Their founders, thanks to TechRise Chicago, P33 Chicago, and other partners, have raised nearly $200MM in funding. This is a story that should be shouted from the rooftops, so I’ll get it started. Check them out, folx!!!! #thegreat38 #midwest #VC #VentureCapital #chicago #virtuouscapitalism #incubators #techrise

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I'm excited to support All Raise #VCSummit24 as a roundtable host at tomorrow's LP & Ally Session guiding rich conversations between some of the best investors and LPs in the business. We're on the field together; let's dream boldly, aim higher, and play to win. #AllRaise #VCSummit

I am so excited to be returning to my second home to support TechRise Chicago and its amazing programs!

🌟 Grateful for Inspiring Conversations 🌟 We had the privilege of connecting with B. Pagels-Minor today, Founder at DVRGNT Ventures, and it was nothing short of inspiring. B. is a true pillar of our community, bringing immense experience, insight, and genuine support for founders. Their advice and perspective are a testament to DVRGNT Ventures’ commitment to making a difference in the lives of underserved founders. Conversations like these remind us why building networks of support and knowledge-sharing are so essential. Thank you, B., for your time and for all that you’re doing to elevate diverse founders and foster an inclusive ecosystem. #CommunitySupport #Founders #DVRGNTVentures #StartupEcosystem #NewValleyLabs #InclusiveInnovation #BeDifferentBuildDifferent

If we want more alpha from venture capital, we need more emerging managers looking more broadly for outlier entrepreneurs. To unlock this, the funding ecosystem must solve the personal j-curve for capital entrepreneurs. #VentureCapital #EmergingManagers https://lnkd.in/eT3PhA3X

This isn't the #Alabama that you think you know. It isn't the stereotypes, it's not just good football schools, or cheap land. Thanks to Innovate Alabama and so many incredible statewide incubator/accelerator partners, amazing entrepreneurs, and a growing group of investors, Alabama is raising it's national profile as a state to start and grow your venture! If you are building something in #Industry40 #ManufacturingTech or #MaritimeTech come see us down in the City of Mobile, AL at Innovation Portal and we will be happy to help you understand how #MobileisforMakers

The dynamics of capital flow in venture are shifting—and 2024 is shaping up as a crucial year to either rebuild momentum or be constrained by the liquidity deficit left by the past two years. A recap: ➡️ Despite our memory of frothy investment markets, exits were strong in 2021, with more capital returned to LPs than was called. ➡️ 2021 and 2022 were massive fundraising years, with around 1,600 funds closing ~$180B each year. That capital is called over subsequent years, meaning the full impact wasn't felt immediately. ➡️ The exit market dried up in 2022, leading to fewer distributions. ➡️ This liquidity crunch became more apparent in 2022 and 2023, as VCs called $185B but only distributed $75B—leaving a $109B shortfall. ➡️ As a result, LPs have slowed their commitments to new funds and managers, with fundraising now hitting a decade low. ➡️ In 2024, we're seeing signs of change: less capital called ($22B YTD) and more distributions ($40B YTD), suggesting the gap from 2022-23 is beginning to close. ❓The question now: Will this positive momentum loosen LP capital for redeployment into new VC funds? Or are we so deep in deficit that even 2024’s progress won’t make a dent? [All data from Pitchbook/NVCA Q3 2024] #venturecapital