· Venture Capital Tracker · investment-strategies · 1 min read
Equal Ventures Raises $175M for Fund II and First Opportunity Fund
Equal Ventures raised $175M — $100M for Fund II and $75M for a debut Opportunity Fund — to keep leading seeds in climate, insurance, retail, and supply chain.
Equal Ventures raised $175M — a $100M Fund II plus a $75M debut Opportunity Fund — to keep leading seed rounds that bring technology to legacy industries.
Key facts
- Firm: Equal Ventures (founded 2019 by Richard Kerby and Rick Zullo)
- New capital: $175M ($100M Fund II + $75M Opportunity Fund)
- Date: February 2025
- Initial checks: $2-3M at seed
- Sectors: Climate, insurance, retail, supply chain
- Notable portfolio: Wrapbook, Ghost, David Energy, Block Renovation
Why this matters
The Opportunity Fund lets Equal Ventures double down on its highest-conviction companies in later rounds, complementing its concentrated seed strategy of “bridging the digital divide.”
Sources
- Equal Ventures $175M announcement (Medium): https://medium.com/@EqualVentures/announcing-175m-more-to-bridge-the-digital-divide-5f5ac816ebed
- Equal Ventures profile (Startup Intros): https://startupintros.com/orgs/equal-ventures
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