Weave Capital launches $75 million venture capital fund; aims first close at $20 million

SPVH group’s venture capital (VC) arm Weave Capital has launched a multi-stage VC fund, its managing partner Karan Gupta said.

The fund will have a total corpus of $75 million with a green shoe option of $25 million and is aiming for its first close at $20 million.

Through the fund, Weave Capital will invest in startups looking to raise seed to Series B funding.