Moxxie Ventures, headed by the former media chief of Twitter, has successfully secured $95 million for its third fund.

Raising funds has been tough for emerging managers, who are typically venture capital firms in their first through third fundraising rounds. However, Katie Jacobs Stanton, who previously led media at Twitter and founded Moxxie Ventures in 2019, found the process smoother than anticipated for her third fundraise. Moxxie Ventures, which focuses on early-stage investments at the pre-seed and seed stages, successfully closed its third fund at $95 million, exceeding its $85 million target.

When Moxxie began its fundraising efforts, Stanton and general partner Alex Roetter—former SVP of engineering at Twitter—told potential investors that they would not start using the new capital until 2025. Despite this delay, the firm’s limited partners (LPs), which include fund-of-funds such as Cendana Capital and Accolade Partners, the Nature Conservancy, the outsourced CIO Global Endowment Management, and several universities, were enthusiastic about supporting the firm. Cendana Capital's founder, Michael Kim, praised Stanton’s extensive and influential network among seed-stage investors.