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Equal Ventures has a new pair of funds, filings show

Equal Ventures has a new pair of funds, filings show Image
  • Posted on 29th Jul, 2022 19:33 PM
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Equal Ventures, a venture firm that debuted in 2020 with a $56 million first fund, has raised a pair of new investment vehicles, SEC filings show. The New York City-based firm has closed a $94.8 million second fund and its first opportunity fund, worth $75 million. The investment firm is led by two…

Equal Ventures, a venture firm that debuted in 2020 with a $56 million first fund, has raised a pair of new investment vehicles, SEC filings show. The New York City-based firm has closed a $94.8 million second fund and its first opportunity fund, worth $75 million.

The investment firm is led by two investors, Richard Kerby and Rick Zullo, equal partners in the firm. Kerby declined to comment about the funds over email.

Equal Ventures looks to be the first institutional investor in a startup, a level of conviction that means that it is more focused on a concentrated portfolio than small checks in a widespread group of startups. The firm’s portfolio includes Ghost, a marketplace that connects brands with extra inventory to retailers, Block Renovation, a platform that productizes the home renovation experience for consumers, and Smarthop, which helps truckers optimize their work.

Zullo formerly invested on behalf of Lightbank, a Chicago-based venture operation, while Kerby spent years investing with Venrock. He also spent years independently researching inequality in venture.

Equal Ventures has a new pair of funds, filings show View Story

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