UN PRI Report Calls for More ESG in Venture Capital as Unlock Venture Partners Launches $60M Fund for LA and Seattle Startups
Venture capital lags behind other asset classes in integrating ESG metrics, according to a new UN PRI report urging the industry to do more. Unlock Venture Partners announced a $60 million fund targeting startups in Los Angeles and Seattle, while a supply chain tech startup highlights growing market interest.
Unlock Venture Partners Raises $60 Million for Second Fund Focused on LA and Seattle Startups
Unlock Venture Partners, founded by Sanjay Reddy, Andy Liu, and Raazi Imam, has raised $60 million for its second fund targeting early-stage startups in Los Angeles and Seattle, bringing its total capital to $85 million. The fund focuses on pre-seed and seed-stage investments to support entrepreneurial talent in these cities, which lack sufficient early-stage venture capital despite their strong startup communities.
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