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Consumer tech investing is still hot for Maven Ventures, securing $60M for Fund IV
Overall, 16% of Maven’s portfolio has reached a minimum $500 million exit or valuation, which is 10x industry average, the firm said.
Maven Ventures ’ Jim Scheinman and Sara Deshpande say “yes.” And to prove it, they raised $60 million in capital commitments for a fourth fund to back “massive consumer tech trends.” Overall, 16% of Maven’s portfolio companies have reached a minimum $500 million exit or valuation, which is 10x industry average, Scheinman and Deshpande, general partner, told TechCrunch. Together the trio remains committed to seeding similar consumer tech trends, including applications of AI, personalized healthcare, climate and sustainability, family technology and fintech.
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