Venture Capital Fund may be frozen, but VC companies have no problem raising new money – TechCrunch

As the market declines, venture capital companies continue to announce new investments.

As you can see below, Tech Crunch reporters reported five of them on Tuesday.

Meanwhile, I wrote a letter to three organizations about their finances and the concerns raised by their limited partners during the fundraiser.

Charis Ventures general partner Harris Kurshid has launched a second $ 50 million fund to invest in Pakistani startups and a small percentage of Latin American startups.

“Pakistan, with a large population, is geographically small, has good relations with a few provinces, has low control barriers and has no strong defenders,” Kurshid, from Pakistan, said in an email. This will allow Pakistan’s start-ups to grow rapidly across the country and expand to other markets.

The company started fundraising two months ago and has already received $ 35 million in pledges and cash. Kurshid said he expects to close at the end of the second quarter and start investing in the third quarter.

Kurshid explained that the fundraising area was “not as challenging as we thought it was” and that it was a special goal to invest in Pakistan. He said LPs want to know how the company is investing in that market, which requires the company to learn a little about why Pakistan needs a fund.

Lorena Suarez, Argentina’s Alaya Capital, a 10-year-old first-class VC company, is one of the founding partners of a Spanish-speaking startup in Latin America. Last month, Alaya had a $ 80 million initial closing of its capital commitment to a third fund.

Regarding the behavior of LPS, Suarez said in an email that LPs are considering the business fundamentals in LatAm. As a result, he said, “Proper diligence is taking longer, but it has not affected their final commitment. We are concerned about how deep this financial crisis will be and how long the conflict in Europe will last and the impact it will have in the coming years.

However, Alaya said she has seen other LPs move to invest:

The Golden Division of Houston-based Founding Studio and Venture Capital Enterprise completed the closing of the second fund in May, but did not specify the amount. Joseph Levinestein, chief marketing officer, said in an email that the money would eventually reach $ 80 million. He focuses on pre-B2B SaaS, so LP concerns how B2B software works in the area of ​​inflation.

It was a busy day for new funds. Get some from my colleagues

• Jacqueline Melink reports on Multicoin Capital’s new $ 430 million fund for crypto-related investments. She also wrote about the Protagonist’s $ 100 million fund, which also focuses on crypto.
• Rebekah Szkutak interviewed Ariana Taker, a company that has invested in consumer technology at the edge of science.
• Catherine Shu reports that C2 Ventures is launching a second $ 20 million fund to disrupt the heritage industry.
• Manish Singh, Lightspeed Venture Partners, unveiled the new India and Southeast Asia Fund, which has $ 500 million pledges. That fund, Lightspeed, announced on Tuesday a total of $ 7 billion as part of a four-phase start-up.
• Paul Sauers covers Cathay Innovation’s third fund with a capital commitment of $ 1.05 billion.

Here are some other summaries from my inbox:

• Bloomberg Beta Announced Fourth, $ 75 million, as well as a $ 75 million chance fund for back-to-back tests that the organization already supports.
• Ben Narasin Perseverance closed First Fund with a capital commitment of $ 50 million. The company plans to write $ 1 million to $ 3 million checks in a series of companies in the United States and the United Kingdom..