- Valia Ventures recently announced it closed on $50 million in commitments for an oversubscribed second fund. These are the details.
Valia Ventures – an early-stage venture capital firm – announced it has closed on $50 million in commitments for an oversubscribed second fund (Valia Ventures II) to continue backing ambitious companies like Humane, Lendtable, Relativity Space, Selfbook, and System.
Valia Ventures II brings together a strategic group of limited partners including experienced startup founders, leading technology executives, international family offices, and reputable institutional investors like Tiger Global Management. And Valia’s latest fund represents a significant step-up from its debut fund in 2018 whose current performance ranks in the top 5% of all funds in its vintage, according to data from Cambridge Associates. Even though the firm is not expressly diversity-focused, the majority of its investments have been in women or BIPOC/AAPI-founded companies.
Valia Ventures II is going to be initially investing up to $1 million at the pre-seed and seed stages, while reserving additional capital for follow-on rounds. And the firm will maintain its generalist approach, keeping a learner’s mindset to investing across sectors including, but not limited to fintech, healthcare, consumer, and enterprise software. And Valia also runs an active co-investment program, investing $2 million to $10 million in growth-stage rounds of its existing portfolio companies and in select new opportunities.
The 4 investments Valia Ventures II has made to date have already raised over $150 million in follow-on funding from the likes of Bond Capital, Forerunner Ventures, Sam Altman, SoftBank Group, and Tiger Global. And several of those companies are experiencing remarkable growth, including Selfbook — a software solution that empowers hotels to accept one-click payments and digital wallets. And participating in its last 3 rounds, Valia has contributed to Selfbook’s growth not only by providing capital, guidance, and key introductions but also by supporting the personal/human demands of building a company, according to Khalid Meniri, Co-Founder and CEO of Selfbook.
KEY QUOTE:
“With our first fund, we’ve been fortunate to support a diverse group of world-class founders in bringing big, bold ideas to life. Our team feels privileged to be able to continue to do what we love on a larger scale, something that simply wouldn’t be possible without the founders which inspire us and the limited partners who have entrusted us.”
— Khaled Jalanbo, Managing Partner at Valia
“Khaled and the team at Valia are our sounding boards, our thought partners, our guides, our motivators. They are all the things we need as founders – exactly when we need it. This to us is an invaluable partnership. One that is firmly rooted in our first and most important value, trust.”
— Bethany Bongiorno, Co-Founder and CEO of Humane
