HomeBlockchainCasey Caruso Launches $75M Frontier Tech Fund, Topology Ventures

Casey Caruso Launches $75M Frontier Tech Fund, Topology Ventures

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Casey Caruso, the former Google engineer who has transitioned into a prominent investor, has successfully raised $75 million for her latest venture capital initiative, Topology Ventures. This new fund is dedicated to investing in frontier technologies, leveraging Caruso’s extensive experience in the tech industry. The fund has garnered significant support from notable backers, including technology magnate Marc Andreessen.

Caruso began her career as an engineer at Google in 2017 before shifting her focus to venture capital. In 2018, she joined Bessemer Venture Partners, one of the oldest and most respected venture capital firms, where she honed her investment skills. Her journey continued in 2021 when she became part of Paradigm, a leading investment firm in the cryptocurrency space. Paradigm, co-founded by Coinbase’s Fred Ehrsam and former Sequoia partner Matt Huang, is known for supporting innovative projects within the digital asset realm.

With Topology Ventures, Caruso aims to capitalize on her rich background and concentrate on cutting-edge technologies. The term “frontier technologies” encompasses a range of disruptive innovations, including artificial intelligence, blockchain, quantum computing, and other transformative fields. “We are backed by the co-founder of OpenAI, the managing partner of Bessemer, the author of GPT-4, Marc Andreessen, Chris Dixon, Accolade, Cendana, and many other top-tier builders, organizations, and endowments,” Caruso stated. “We’ve been operating in stealth mode for seven months now. Our portfolio founders have already secured follow-on investments from entities like Founders Fund, a16z, and the founders of OpenAI and Meta AI,” she added.

In related news, Hack VC has secured one of the largest crypto fund raises to date, bringing in $77 million for its third fund, just shy of its $80 million target. Founded by blockchain veterans Alex Pack and Ed Roman, Hack VC is channeling this latest fund into seed-stage investments. The firm began deploying capital from this fund in 2023 and has already seen impressive early returns, solidifying its position in the competitive crypto investment landscape.

Rosetta Halsey
Rosetta Halsey
Hi, I’m Rosetta, a 24-year-old digital nomad with a love for innovation and crypto. My journey with cryptocurrency started with curiosity, and now it’s a full-on passion. I’m all about exploring how blockchain can reshape industries and create new opportunities for people like us. I spend my days digging into crypto trends, analyzing market moves, and sharing insights.

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