Venture Capital Firm Portfolia Launches Rising America III

Tags: Private Equity, New Fund Launches, Venture Capital

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.

Source: https://www.prnewswire.com/news-releases/portfolia-unveils-rising-america-iii-driving-unmatched-returns-with-a-new-model-for-venture-capital-302302515.html

Written By: Dakota

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Venture Capital Firm Portfolia Launches Rising America III

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