Myriad Venture Partners Raises $100 Million to Fuel AI and Clean Tech Startups
Former Xerox executives launch new early-stage venture capital firm
Myriad Venture Partners LLC has launched as a new venture capital firm focused on supporting artificial intelligence (AI), clean technology, and enterprise business-to-business software startups. With $100 million in capital commitments from investors, the firm aims to guide innovative companies towards long-term and enduring value creation. Xerox Holding Corp. has been announced as the anchor investor for the fund, and additional commitments of $200 million are sought.
Investing in AI and Clean Tech: Myriad Venture Partners Seeks to Foster Innovation
Former Xerox executives aim to enhance the AI startup ecosystem
Chris Fisher, Tim Chiang, and Dean Mai, former executives of Xerox Ventures, have founded Myriad Venture Partners with the goal of supporting AI, clean technology, and B2B software businesses. The firm plans to leverage its network of industry partners and portfolio companies to enhance the broader ecosystem and provide strategic and financial support. Through collaborations with corporate partners such as Xerox and HCL Technologies and the establishment of an Advisory Council, Myriad aims to foster new business models and go-to-market strategies for portfolio startups.
Myriad Venture Partners Backs 14 AI and Clean Tech Startups
Fund I invests in high-quality AI, cleantech, and B2B software companies
While officially launching today, Myriad Venture Partners’ Fund I has already invested in 14 AI, cleantech, and B2B software startups. Some notable investments include Seurat Technologies, LinkSquares Inc., Anvilogic Inc., and Mojave Software Inc. The firm’s commitment to high-quality businesses that meet its criteria for long-term value creation has positioned them as an attractive partner for innovative companies in these sectors.
Myriad Venture Partners Targets $100 Million for AI and Clean Tech Startups
Early-stage venture capital firm seeks further investor commitments
Myriad Venture Partners, the newly launched venture capital firm, aims to secure additional investor commitments of $100 million. With a focus on investing in AI, clean technology, and enterprise business-to-business software, the firm’s goal is to provide financial and strategic support to startups in these sectors. The existing $100 million in capital commitments, with Xerox Holding Corp. as the anchor investor, lays a strong foundation for Myriad to pursue its investment objectives.
Myriad Venture Partners Launches with $100 Million for AI and Clean Tech Startups
Former Xerox executives establish new firm to drive innovation
Former Xerox executives Chris Fisher, Tim Chiang, and Dean Mai have launched Myriad Venture Partners, an early-stage venture capital firm with $100 million in capital commitments. Focused on supporting AI, clean technology, and B2B software startups, Myriad aims to provide strategic and financial support to innovative companies. With an extensive network of industry partners and a strong Advisory Council featuring Xerox and HCL Technologies, Myriad is well-positioned to foster the growth and success of portfolio startups.
Analyst comment
Positive news: Myriad Venture Partners has raised $100 million in capital commitments to support AI and clean tech startups. The firm aims to guide innovative companies towards long-term value creation. The fund has already invested in 14 high-quality startups. With additional investor commitments sought, Myriad is well-positioned to foster the growth and success of its portfolio startups in these sectors. Market response: Positive market response is expected as the funding will fuel innovation and growth in the AI and clean tech sectors, attracting more investment and driving the market forward.
