Verizon Ventures was the first limited partner for the female-focused venture firm’s new fund, while Nordstrom is also a limited partner.
US-headquartered, female-focused venture capital firm BBG Ventures has closed its third fund at $50m with backing from telecommunications firm Verizon and department store retailer Nordstrom, Forbes has reported.
Susan Lyne and Nisha Dua run BBG (which stands for built by girls) and it has made 76 investments in companies including feminine hygiene brand Lola, wedding planning platform developer Zola and co-working space The Wing from its first two funds.
Verizon’s corporate venturing unit, Verizon Ventures was the first limited partner…
