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Prmagazine > News > News > Cherryrock Capital raises new $172M fund from all-star investors to back diverse founders | TechCrunch
Cherryrock Capital raises new 2M fund from all-star investors to back diverse founders | TechCrunch

Cherryrock Capital raises new $172M fund from all-star investors to back diverse founders | TechCrunch

Cherryrock Capital, founded by former CEO Stacy Brown-Philpot, Announced closure on Wednesday In its $172 million fund I, there is an All-Star LP list, which includes JPMorgan Chase, Goldman Sachs, Massachusetts, Melinda’s key enterprise in France, Reid Hoffman, Mellody Hobson and Sheryl Sandberg.

Brown Phelpt told Bloomberg The fund actually closedJanuary.

The company was founded in 2023, a challenging time for risk fundraising. As a result, Brown-Philpot said it would take about two years for the company to shut down I Fund I. I Fund I attempts to focus on companies in Series A and B phases, Brown-Philpot notes in her announcement blog post that few companies focus on leading investments in late installments.

Cherryrock did not immediately respond to our request for comment.

The fund’s arguments are conducted politically and legally on the diversity program, program and focus.

So far, Cherryrock has supported two companies: co-leading AI companies with Emerson Collective to collaborate with AI Series B. Other investors include A16Z and Bessemer. Cherryrock also invested in the YC Health Company Vitable series, as well as the Citi Impact Fund and First Round Capital.

Brown flash is extremely real. She has worked for Alphabet and Google before and has been on the board of directors of a variety of companies including Stockx and HP. She still Opportunity FundThis is a vehicle SoftBank spent $100 million to support various founders.

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