The fundraising environment is challenging for emerging managers, defined as VC firms raising their first through third time.
But Katie Jacobs Stanton, a former head of media at Twitter who founded Moxxie Ventures in 2019, said that she had a much easier time than she was expecting when raising funds for her third time.
Moxxie, which invests in pre-seed and seed startups, announced on Tuesday that it closed a $95 million third fund, surpassing its target of $85 million.
When the firm started fundraising, Stanton and general partner Alex Roetter, who was an SVP of engineering at Twitter, told
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