Mozilla has launched a new venture capital fund which will focus on investments in companies developing ‘responsible technology’.
The fund will target early-stage (seed to series A) startups whose products or technologies advance one or more of the values in the Mozilla Manifesto, like privacy, inclusion, transparency, and human dignity. The fund will seek companies and founders who embody these values, and investors who are aligned with them.
To start, Mozilla will invest an initial $35 million in internet companies that protect privacy, decentralise digital power and build more trustworthy AI — and that also have big potential for commercial success. Three initial investments (below) are being announced today, and the full roll out of the fund will occur in early 2023. The fund will be led by Managing Partner Mohamed Nanabhay, who has spent his career working on innovation, digital media, technology, and as an investor. Nanabhay has held leadership positions at Al Jazeera and the Media Development Investment Fund, and was previously a Mozilla Foundation board member.
