GV partner Lo Toney is set to leave the unit once he has closed a separate fund, Plexo Capital, which will back female and minority-helmed VC funds.
Laurence ‘Lo’ Toney, a partner at GV, the corporate venturing vehicle formerly known as Google Ventures, is set to leave the unit once he has finished raising a separate fund, Axios has reported.
The US-based fund in question, Plexo Capital, will back venture capital funds with women or underrepresented ethnic minorities as limited partners. It also plans to make direct investments in portfolio companies of funds to which it has provided capital.
The fund was initially announced in May 2017…
