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G2VP Closes First Fund At $350mn

G2VP, a new venture capital firm dedicated to building and supporting industrial technology companies, announced it has closed its first fund, with total capital commitments of $350 million. With alignment from global corporates, family offices, foundations, endowments and high net worth individuals, including venture capital veteran John Doerr, the fund will invest in entrepreneurs and companies that are digitizing traditional industry in sectors ranging from energy and manufacturing to logistics, transportation and agriculture. G2VP was founded in 2017 by Kleiner Perkins Green Growth Fund (GGF) partners David Mount, Brook Porter, Ben Kortlang and Dan Oros. The team, which worked together for ten years while at GGF, share more than two...