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Co-founder of CapitalG introduces early stage venture fund of $175 million

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Co-founder of CapitalG introduces early stage venture fund of $175 million

Valo Ventures, a new firm focuses on economic, social and environmental megatrends. The company closed its investment for the first time at $175 million. All the efforts are being made by Scott Tierney, who is also the co-founder of Alphabet growth investing unit known as CapitalG.

“Google is like being a kid in a candy store,” Tierney tells TechCrunch. “It’s a great place to be. For me, I thought, ‘alright, I’ve been here for seven years, I have this opportunity to create my own fund and be more entrepreneurial and take all the learnings I was fortunate to have inside of Google and apply them.”

Tierney ended up joining Google in the year 2011 as the director of corporate development after five long years as the managing director of Steel point Capital Partners. In the year 2013, he became the co-founder of CapitalG after working as a partner. He completed all the Google stint as the director of the corporate development and partnership at Nest Labs.

All the partners of Valo Ventures are planning to invest in the company in the Series A, B, and C. Valo is looking for different businesses which are solving problems with all the climate changes, urbanization, mobility, and autonomy.

The main goal of the company is to bring an ESG perspective to all the venture capital. Till now, Valo Ventures has been able to deploy capital to Landit which is a career pathing platform for women.

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