Level Featured by the Society for Industrial and Applied Mathematics (SIAM)
April 17, 2025
"In 2023, funds of funds (FoFs) are on track to raise the smallest amount of money in more than a decade. At the same time, muted venture deal activity has many firms ditching their follow-on funds. Despite these twin trends, a new emerging manager is looking to find success with a fund that targets both.
Level Ventures has raised $104 million for its debut fund, a data-driven, three-pronged investing strategy that uses in-house algorithms to back other emerging managers, invest in promising companies from those managers’ portfolios and source deals of its own."