Tuesday, June 4, 2024

WndrCo Raises $460M For Seed, Venture Funds

WndrCo, the venture fund of Hollywood mogul Jeffrey Katzenberg and Sujay Jaswa, said on Tuesday that it has raised over $460M for two seed and venture capital funds. According to the firm, it will focus on backing " the next generation of companies making the internet safer, advancing the future of work, and delighting consumers with innovative software". The firm specifically mentioned the "transformative power of AI" in its plans.