J.D. Vance, former managing partner of Revolution’s Rise of the Rest Seed Fund, has launched a new VC fund to invest in startups outside of Silicon Valley.
Narya Capital from the “Hillbilly Elegy” author has so far raised $93 million, according to an SEC filing, and has a target of $125 million. Axios first reported on the launch. Colin Greenspon, another former Revolution partner, is joining Vance as the fund’s co-founder.
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The fund has several high-profile LPs behind it, including Marc Andreessen, Eric Schmidt and Peter Thiel. Narya Capital is headquartered in Cincinnati and will focus on making investments in “under-served” markets outside of the Valley, according to Axios.
Narya Capital is the latest nine-figure…Read the full story from the Washington Business Journal.