VC Firm Cadenza Closes on $50M Early-stage AI Venture Fund

Cadenza announced the $50M closing of its early-stage AI venture fund that targets pre-seed and seed opportunities emphasizing infrastructure and enterprise applications.

The firm has been actively investing in high-impact tech since 2022 when it backed Together.ai in a pre-seed round. As of December, the new fund has already made ten deployments, most notably with firms such as Nous Research, Axolotl, Jericho Security, and Tensorwave.

Investors participating in the latest fundraise include VanEck Associates, Aros Capital of Denmark, and private wealth managers, single and multifamily offices across the globe, and US endowments and RIAs.

Source: https://www.businesswire.com/news/home/20241203425143/en/Cadenza-Raises-50MM-for-Early-Stage-AI-Venture-Fund