FUNDRAISING NEWS | November 20, 2024
Bling Capital closed on $270M in aggregate capital commitments for its oversubscribed Fund IV to back early-stage founders in the tech industry.
Capital commitments for Fund IV were split between opportunity and flagship seed funds, and the total raised represents a 27% increase over the $212M raised by its predecessor fund, which closed in 2022. The fund specializes in investments in tech startups, particularly in vertical and horizontal software, healthcare, financial services, consumer internet, and marketplaces, anticipating AI prevalence in these core industries.
Bling Capital said that it has supported a portfolio of 170 companies across its funds, including private company deal sourcing provider Grata, e-commerce printing platform Printify, workforce systems provider Rippling, shipping platform Veho, and AI-based RIA SaaS tool Vise. The firm also added product and software platforms, such as Calendly, Duolingo, Grammarly, Notion, and OpenAI, as product council members.
Source: https://www.blingcap.com/fund4/
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