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Friday, December 13, 2024

Topology Ventures Led by Casey Caruso Raises $75M

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Casey Caruso, Google-engineer-turned-investor, has raised $75 million for her new venture capital firm, Topology Ventures.

The fund focuses on frontier technologies and has drawn the support of prominent backers, including tech billionaire Marc Andreessen.

Caruso began as an engineer at Google in 2017, transitioning to venture capital, Caruso became an investor at Bessemer Venture Partners in 2018, one of the oldest VC firms.

She then went on to work at Paradigm in 2021, a leading crypto investment firm. Paradigm, co-founded by Coinbase’s Fred Ehrsam and former Sequoia partner Matt Huang, backs projects in the digital asset space.

I’m launching Topology, an early-stage venture firm dedicated to frontier technology. We've raised an oversubscribed $75M Fund 1.
Topology backs founders who put everything on the line to bend the arc of human progress.
Meet us at the edge.@topology_vc pic.twitter.com/xAoZEjswQ9

— CASΞY (@caseykcaruso) December 12, 2024

Topology Ventures, Caruso’s latest venture will capitalize on her experiences and focus on frontier technologies—an umbrella term that includes innovations such as artificial intelligence, blockchain, quantum computing, and other disruptive fields.

“We are backed by the co-founder of OpenAI, managing partner of Bessemer, author of GPT4, Marc Andreessen, Chris Dixon, Accolade, Cendana, and many other top tier builders, organizations, and endowments,” said Caruso.

“We’ve been deploying in stealth for 7 months now. Our founders have already received follow-on investment from folks like Founders Fund, a16z, and the founders of OpenAI and Meta AI,” adds Caruso.

Hack VC Secures One of Largest Crypto Fund Raises

Recently, crypto fund Hack VC has raised $77 million for its third fund, nearing its target of $80 million. Founded by Alex Pack and Ed Roman, two seasoned blockchain experts, Hack VC is focusing its latest fund on seed-stage investments. The firm started deploying capital from this fund in 2023, achieving impressive early returns.

The post Topology Ventures Led by Casey Caruso Raises $75M appeared first on Cryptonews.

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