Bling Capital, one of the more prolific and well-connected seed VC firms, has nabbed another $270 million for a new flagship fourth fund. About half of those fresh millions are earmarked for its opportunity fund, money set aside to make follow-on investments into winners, Bling general partner Kyle Lui tells TechCrunch.
Bling is the firm founded in 2018 by Ben Ling, a former general partner at Khosla Ventures, where he backed such companies as Gitlab and Webflow. He earned his Valley street cred from exec roles at Google, YouTube, and Facebook. He also became such a stellar angel investor (Airtable, Lyft, Square, Palantir, others), that it’s clear that seed investing is his true calling.
Those experiences shaped his VC firm which operates what it calls a Product Council, a network of leaders at major tech firms that help advise Bling’s startups. With the new fund, the firm’s network is adding advisors to its roster from a bunch of the hottest startups including from Notion, OpenAI, Scale AI, and Stripe.
All told, Ling has corralled about 19 unicorns under his belt. Lui, who was previously a partner at DCM, has notched at least 7 unicorns, including names like DocSend and Hims.
In its six years, Bling has already invested in 170 companies, it says, including such names as Rippling, and Vise. The new fund isn’t a huge step up from its last one, which launched about two years ago. That one was $212 million total, also split nearly evenly between a new seed fund and an opportunity fund.
|
Home equity release may provide the financial freedom you’ve been needing. Learn how to use the equity tied up in your home without having to downsize.
Home equity release may provide the financial support you’ve been looking for. Learn how to tap into the equity tied up in your home without having to move.
If you’re a property owner looking to get a loan, a secured loan could be a sensible option. Leverage better rates by using your home as collateral.
Home equity release may provide the financial support you’ve been looking for. Learn how to use the equity tied up in your home without having to downsize.
If you’re a property owner looking to borrow money, a secured loan could be a wise option. Leverage better rates by using your home as security.
You may be able to borrow more and enjoy better interest rates by taking out a loan secured on your property. Review current offers today.
You may be able to secure larger loans and enjoy better interest rates by taking out a loan secured on your property. Review current offers today.
You may be able to borrow more and enjoy lower monthly repayments by using your home’s equity. Find the best current offers today.
Equity release solutions may provide the financial support you’ve been looking for. Learn how to tap into the equity tied up in your home without having to move.
Thinking about releasing equity from your home? Compare top lenders and learn about your financial responsibilities before making a decision.
Uncertain whether a secured loan is right for you? Explore the benefits, such as lower interest rates and larger borrowing amounts.
Not sure if a secured loan is right for you? Understand the benefits, such as more favourable terms and larger borrowing amounts.
Explore how a secured loan can help you obtain the money you need without selling your home. Compare lenders and customise a plan that fits your needs.
I took away a great deal from this.
Such a beneficial read.
Such a practical resource.
Thanks for publishing. It’s brilliant work.