Olivia Wilde Launches Venture Firm Proximity Ventures with Early-Stage Investment Focus
Posted: 12:42 PM PDT · October 29, 2024
Image Credits: Taylor Hill / Contributor / Getty Images
Rebecca Szkutak
Actor and director Olivia Wilde has quietly launched a venture firm called Proximity Ventures, focusing on early- and growth-stage investments in consumer and enterprise sectors. According to Bloomberg, the fund was launched late last year with co-founders Neil Sirni, Jason Mack, and Santi White.
Proximity Ventures: A New Player in Venture Capital
Proximity Ventures is an early- and growth-stage investment firm that aims to make a significant impact in the venture capital space. The company’s founders bring a unique combination of experience from various industries, including music, entertainment, and technology. Neil Sirni, formerly of Roc Nation’s venture division Arrive, Jason Mack, previously with Mack Ventures, and Santi White, also known as Santigold, join Olivia Wilde in leading the firm.
Investment Focus: Consumer and Enterprise
Proximity Ventures plans to invest in companies operating within the consumer and enterprise sectors. The firm has already made four investments, including biotech company Pendulum Therapeutics. This move indicates that Proximity Ventures is committed to backing innovative startups with potential for significant growth.
Early Success: Four Investments Already Made
In a relatively short period since its inception, Proximity Ventures has demonstrated its ability to identify and invest in promising companies. With four investments already made, the firm is on track to achieve significant returns. This success can be attributed to the collective expertise of the founding team, who have a deep understanding of the industry.
Next Steps: First Close Expected Next Month
Proximity Ventures expects to hold its first close next month. This milestone will mark an important step for the firm as it continues to build momentum in the venture capital space. The company’s ability to attract investors and secure funding is a testament to its potential for long-term success.
Comment from Proximity Ventures: TechCrunch Reaches Out
TechCrunch reached out to Proximity Ventures for comment and will update this article if we hear back. This indicates that the firm is open to communication with industry leaders and stakeholders, further solidifying its commitment to transparency and collaboration.
Related Topics
- Fundraising
- In Brief
- Olivia Wilde
- Proximity Ventures
- Roc Nation
- Startups
- United States
- Venture
- Venture Capital
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