Urban Innovation Fund, VMG Catalyst among female-led firms raising new funds

Venture capital firms continue to raise new funds, at what seems like lightning speed. Two firms stuck out in recent days, including Urban Innovation Fund, which closed with commitments of $101 million for its Fund III and $20 million Opportunity Fund, and VMG Catalyst‘s $400 million Fund II.
Both firms are led by women, Clara Brenner and Julie Lein at Urban Innovation Fund, and Brooke Kiley over at VMG. What was unique about these two was the narrow focus each fund had. As the name suggests, Urban Innovation Fund invests in companies building technology to shape the future of cities, wh

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