CapitalG co-founder introduces $175M early-stage venture fund

Valo Ventures, a new firm focused on social, economic and environmental megatrends, has closed on $175 million for its debut venture capital fund.

The effort is led by Scott Tierney, a co-founder of Alphabet’s growth investing unit CapitalG, as well as Mona ElNaggar, a former managing director of TIFF Investment Management and Julia Brady, who previously worked as a director at The Via Agency, a communications workshop.

Google is like being a kid in a candy store,” Tierney tells TechCrunch. “It’s a great place to be. For me, I thought, ‘alright, I’ve been here for seven years, I have this opportunity to create my own fund and be more entrepreneurial and take all the learnings I was fortunate to have inside of Google and apply them.’ ”

Tierney joined Google in 2011 as a director of corporate development after five years as a managing director at Steelpoint Capital Partners. In 2013, he co-founded CapitalG, where he served as a partner for the next two years. He completed his Google stint as a director of corporate development and strategic partnerships at Nest Labs, a title he held until mid-2018.

The Valo Ventures partners plan to participate in Series A, B and C deals for startups located in North America and Europe. Specifically, Valo is looking for businesses solving problems within climate change, urbanization, autonomy and mobility. 

The goal is to bring an ESG (environmental, social and corporate governance) perspective to venture capital, where investors infrequently take a mission-driven approach to deal-making. To date, Valo Ventures has deployed capital to Landit, a career pathing platform for women, and a stealth startup developing an AI platform for electricity demand and supply forecasting.

In Trump peace conference, a perilous balancing act for Jordan

In Trump peace conference, a perilous balancing act for JordanAs the Trump administration prepares for an economic conference next week in Bahrain, the first leg of its Middle East peace plan, it is exerting immense pressure on two of America’s closest Arab allies to take part in a process seen as toxic by their own publics. Rather than advocates for the administration’s undisclosed “ultimate deal,” Jordan and Egypt are reluctant guests at the conference. For their part, Palestinians are also applying pressure to Arab states to boycott the economic workshop, which many Arabs fear will offer investment projects to Palestinians in return for recognizing Israeli sovereignty over Jerusalem and the West Bank – a “selling off” of Palestinian statehood.


‘Backdoor Blasphemy Law’?: British Muslim Group Attempts to Get Islamophobia Definition Approved by Govt

Last month after the British government dropped a proposed definition of Islamophobia, the Muslim Council of Britain (MCB), the largest Islamic organization in the United Kingdom, called for the ruling Conservative Party to be investigated for Islamophobia.

China Govt Harvesting Human Organs from Falun Gong, Other Prisoners Also Victims

A year-long study just completed and released Monday in London by an independent international tribunal concludes that China is killing prisoners in order to harvest their organs. Most of the victims are detainees from the Falun Gong religious movement.  

Elderly Widow Settles Religious Discrimination Claim After Being Evicted for Sharing Her Faith

The Pacific Justice Institute (PJI) has settled a claim on behalf of a great-grandmother who had been evicted from her longtime apartment due to her religious activities. 

More tickets available to the 14th Annual TechCrunch Summer Party

Get ready for summer in the city, TechCrunch -style. We just released a fresh batch of tickets to the 14th Annual TechCrunch Summer Party. Available on a first-come, first-served basis, tickets to our popular event sell out quickly, and they’ll be gone before you know it. Don’t wait — buy your ticket today.

Join us for TechCrunch’s fabulous summer fete at Park Chalet — San Francisco’s coastal beer garden — where you can enjoy ocean views, refreshing drinks and delicious appetizers. It’s a wonderful way to relax and celebrate the entrepreneurial spirit with more than 1,000 members of the startup community.

It’s also a wonderful way to meet your next investor, co-founder or — who knows? You’ll find startup magic in between the drinks, the games, the food and the fun. Opportunity happens at TechCrunch parties.

Check out the party particulars:

  • When: July 25 from 5:30 p.m. – 9:00 p.m.
  • Where: Park Chalet in San Francisco
  • How much: $95

Come and join the summer fun. Connect with community and opportunity. As always, you’ll have a chance to win great door prizes — like TechCrunch swag, Amazon Echos and tickets to Disrupt San Francisco 2019.

Tickets sell out quickly, so don’t wait. Buy your 14th Annual Summer Party ticket today.

Did you try to buy a ticket and come up empty? We release tickets to the Summer Party on a rolling basis. Sign up here, and we’ll let you know when the next batch goes on sale.

Is your company interested in sponsoring or exhibiting at the TechCrunch 14th Annual Summer Party? Contact our sponsorship sales team by filling out this form.