Venture capital firm Valo Ventures, launched by CapitalG alumnus Scott Tierney, has raised $175m for its debut fund following an LP commitment from Fortum.
US-based venture capital firm Valo Ventures has reached a $175m final close for its debut fund, securing capital from limited partners including electricity producer Fortum, TechCrunch has reported.
The Finland-based corporate agreed in December 2018 to commit $170m to Valo Ventures, which was founded by Scott Tierney, a co-founder of CapitalG, the corporate VC subsidiary of internet and technology conglomerate Alphabet formerly known as Google Capital.
Founded in 2018, Valo Ventures is focused on investing in early and growth-stage technology…
