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Launchbay Capital raises $100M VC fund for secondary growth investments
Launchbay Capital announced the first close of funding for its $100 million venture capital secondary growth fund.
This also marks a strategic rebrand from its former name Digital Horizon, first started in 2018, to more accurately reflect the evolution from a primarily early stage VC to a multi-stage data platform-driven fund manager. The fund leverages the team’s venture expertise and extensive knowledge of private capital markets to enable active management ofgrowth investments that yield high accelerated real returns for founders, businesses and investors. “We write smaller tickets and target growth-stage, venture-backed companies to enable diversification and broader investor participation, butalso to facilitate faster exits through the secondary market itself to provide the capital flexibility today’sindustry currently lacks.”
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