Wednesday, October 4, 2023

Mozilla Launches USD 35M Venture Capital Fund for Early-Stage ‘Responsible’ Startups

By ET Bureau - November 03, 2022 1 Mins Read

Mozilla is trying to strengthen its investment activities through a new USD 35 million venture capital fund aimed at early-stage startups. Mozilla Ventures, which was formally unveiled at Web Summit in Portugal, builds on other recent investments the company has made.

In a more recent USD 900,000 pre-seed funding round for password management startup Heylogin, Mozilla participated. Although Heylogin had already acknowledged Mozilla as an investor in September, this was one of the company’s first three investments from the new fund.

The other two are Secure AI Labs, which is reportedly in the process of raising USD 9 million for a product that promotes collaboration in the medical industry while safeguarding aggregated patient data, and Block Party, which raised USD 4.8 million in a seed round in September to combat online harassment.

Also Read: Top Migration Mistakes that can Derail Cloud Implementation

Read More: Mozilla launches $35M venture capital fund for early-stage ‘responsible’ startups

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