---
title: "Equal Ventures Raises $175M for Fund II and First Opportunity Fund"
description: "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."
date: 2025-02-15T00:00:00.000Z
tags: ["equal-ventures", "fund-close", "venture-capital", "seed-investing", "startup-funding"]
source: https://venturecapitaltracker.com/2026-equal-ventures-175m-fund-ii
---

# 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

1. Equal Ventures $175M announcement (Medium): https://medium.com/@EqualVentures/announcing-175m-more-to-bridge-the-digital-divide-5f5ac816ebed
2. Equal Ventures profile (Startup Intros): https://startupintros.com/orgs/equal-ventures

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.