Casey Caruso’s Topology Ventures Secures $75M for Frontier Tech Fund
Casey Caruso, former Google engineer and venture capitalist, has launched Topology Ventures with a $75M fund.
The firm will focus on frontier tech: AI, blockchain, quantum computing and other disruption.
Caruso’s career has been wild. She was a Google engineer in 2017, then a venture capitalist in 2018 at Bessemer Venture Partners (one of the oldest VC firms). In 2021 she joined Paradigm, a crypto focused investment firm co-founded by Coinbase’s Fred Ehrsam and Matt Huang. Now with Topology Ventures she’s combining her technical expertise and venture experience to back early stage founders.
Prominent Backers Signal Confidence in Topology
Topology Ventures has the backing of some big names. Investors include Marc Andreessen (co-founder of Andreessen Horowitz), OpenAI’s co-founder and Accolade and Cendana.
“We’ve been investing in stealth for 7 months and our founders have already gotten follow-on investments from Founders Fund and a16z,” Caruso said. We’re backing founders willing to take big risks to move the frontier.
The $75M fund was oversubscribed. Topology Ventures is well positioned to be a key player in the growth of frontier tech.
Frontier Tech and Crypto Gain Investor Momentum
Caruso’s announcement comes as frontier tech investments are gaining momentum. Hack VC, a crypto focused venture fund, just raised $77M for their third fund, close to their $80M target. The fund, led by blockchain experts Alex Pack and Ed Roman, is seed stage only and has already shown great early returns.
Key Highlights of Recent Funds:
Topology Ventures: $75M fund targeting early-stage startups in AI, blockchain, and quantum computing.
Hack VC: $77M raised for seed-stage crypto projects, nearing its $80M goal.
These milestones underscore the growing momentum in emerging technologies, as investors seek opportunities to back the next wave of innovation.
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