BAG Ventures closes $11.3 million first fund for early-stage AI startups
BAG Ventures has closed an $11.3 million first fund for early-stage AI startups. The firm, founded by former Google VP Bonita Stewart and former CapitalG partner Jackson Georges Jr., has already backed 10 companies and writes checks from $100,000 to $500,000.
TLDR
BAG Ventures has closed an $11.3 million Fund I aimed at early-stage AI startups, TechCrunch reports. The firm was founded by former Google vice president Bonita Stewart and former CapitalG partner Jackson Georges Jr., and it had already been investing from the fund for about two years before the close. TechCrunch reports that BAG has backed 10 companies so far, including SXD, BizTrip and Nomadic. Its focus areas include AI infrastructure, compute, physical and edge AI, security, governance and vertical SaaS, with typical checks ranging from $100,000 to $500,000.
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