A San Francisco venture capital firm appointed a new chairman, while announcing a new fund backed by some of the biggest names in tech.
Village Global appointed LinkedIn co-founder Reid Hoffman as its chairman, just a few months after he stepped down as general partner of Greylock Partners, a firm which backed LinkedIn early on and which Hoffman joined in 2009.
The firm also announced via X, formerly known as Twitter, a new $250 million fund backed by Microsoft founder Bill Gates, Dell CEO Michael Dell and former Google CEO Eric Schmidt. Past funds by Village Global have attracted tech heavyweights like Meta CEO Mark Zuckerberg, Amazon founder Jeff Bezos and Zoom CEO Eric Yuan.
Village Global is a seed stage investing firm with a focus on funding startups relating to digital health, fintech, Saas and consumer internet services, according to PitchBook. It was founded in 2017 by Ben Casnocha and Anne Dwane. Casnocha is an alum of LinkedIn and Greylock and coauthored two books on business with Hoffman. Dwayne formerly helmed the scholarship network Zinch.
The firm has 13 employees and backed a number of Bay Area startups including Living Carbon, PromisePay and LevelAi, and boasts a portfolio of 300 startups.
