Imaginary Ventures, an early stage venture capital firm co-founded by Natalie Massenet and Nick Brown, has announced its third fund of USD500 million across early and late stage vehicles.
In addition, the firm has promoted Kelly Dill and Logan Langberg to Partner.
The new vehicles have a diverse focus including underserved markets and emerging consumer needs. With Fund III, Imaginary is also positioned to take advantage of the consumer shifts emerging through Web3 as new opportunities spanning consumers, brands and communities are created at a rapid pace.
In just four years, Imaginary has grown from a start-up venture fund with USD75 million under management, to an established team of investors with USD1 billion in assets under management.