Audeo Ventures Secures $65 Million for Fund II Closing
Audeo Ventures will close on $65 million for its Fund II by the end of March, according to Venture Capital Journal. The firm, which focuses on emerging managers, plans to invest in up to 20 start-ups in the US and Latin America, as detailed in the report.
Fund II Details
The closure of Fund II at $65 million represents Audeo Ventures’ second fund, with the firm drawing from an LP base that includes mostly single and multifamily offices. According to Venture Capital Journal, some sovereign wealth funds in the United Arab Emirates also form part of this LP base. This structure supports the firm’s investment activities in targeted regions.
Investment Strategy
Audeo Ventures plans to invest in up to 20 start-ups, focusing on the US and Latin America, as stated in the Venture Capital Journal article. For context, venture capital investments in these regions often target technology and fintech sectors, though specifics on Audeo Ventures’ allocations remain limited to the source.
LP Base Composition
The firm’s LP base is comprised mostly of single and multifamily offices, along with some sovereign wealth funds in the United Arab Emirates, according to Venture Capital Journal. This composition reflects common funding sources for emerging managers in the venture capital space.
