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Veteran Investor From General Catalyst & General Atlantic Launches Avid Ventures with $68M Debut Venture Capital Fund

Press release content from Business Wire. The AP news staff was not involved in its creation. Veteran Investor From General Catalyst & General Atlantic Launches Avid Ventures with $68M Debut Venture Capital Fund February 19, 2021 GMT NEW YORK (BUSINESS WIRE) Feb 19, 2021 Avid Ventures today announced the launch of its $68 million debut venture capital fund. Avid backs exceptional founders at the Series A and B stages who are building transformative technology companies. Pursuing a highly collaborative investment strategy, Avid partners with top-tier lead investors and takes a hands-on approach to helping founders evolve their early-stage startups into proven growth businesses. Avid was founded by Managing Partner Addie Lerner, decade-long investor at General Catalyst, General Atlantic, and Goldman Sachs, and has already made six investments in companies accelerating the credit, identity, co-working, healthcare, mortgage, and alternative payments industries.

Ex-General Catalyst and General Atlantic VC announces $68M debut fund – TechCrunch

So naturally, anytime we hear of a new female-led fund, our ears perk up. Today, New York-based Avid Ventures announced the launch of its $68 million debut venture capital fund. Addie Lerner who was previously an investor with General Catalyst, General Atlantic and Goldman Sachs founded Avid in 2020 with the goal of taking a hands-on approach to working with founders of early-stage startups in the United States, Europe and Israel. “We believe investing in a founder’s company is a privilege to be earned,” she said. Tali Vogelstein a former investor at Bessemer Venture Partners joined the firm as a founding investor soon after its launch and the pair were able to raise the capital in 10 months’ time during the 2020 pandemic.

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