Sources say Web Summit Ventures will be a new $40M follow-on fund

Web Summit, one of the world’s largest events centered around technology startups, is to launch a brand new venture capital vehicle consisting of two new funds, TechCrunch understands. The move follows an acrimonious fall-out between Web Summit’s co-founders, who first started the now-defunct Amaranthine VC fund in 2018, in part to join the ballooning investment ecosystem which had grown up around the Web Summit events.
While it’s been previously reported that Web Summit cofounder, Paddy Cosgrave, will imminently launch his new vehicle, Web Summit Ventures (WSV), the nature a

リンク元