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FUNDRAISING NEWS | November 13, 2024
San Mateo, CA-based Portfolia on November 12 said it has launched Rising America III, a venture capital fund targeting diverse founders looking to reshape industries in the US.
The fund is the latest in a series that started with Rising America Fund I, a fund with an estimated 40% internal rate of return. It also follows Rising America Fund II, which launched in 2023 and sold $6.3M with a first close in under 24 hours.
So far, Portfolia said it has raised $70M across its funds. Since its inception, the women-focused venture capital investment firm has injected capital in Hispanic media company Canela and early stage fintech Mobility Capital Finance, among other investments.
Written By: Dakota
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