jd vance vc fund Expands Reach with New Ohio Venture

JD Vance's venture capital fund is expanding its reach with a new Ohio venture. This move aims to tap into the state's growing entrepreneurial ecosystem.

The fund has already shown a strong track record, with investments in companies like Garnet Health and Rock Health. Vance's team has been actively scouting for opportunities in the Midwest.

The new Ohio venture will allow the fund to support startups in the state, providing them with the resources and expertise they need to grow.

J.D. Vance has raised $93 million for his new Cincinnati-based venture capital fund, Narya Capital.

He plans to use the fund to invest in startups in under-served cities such as Salt Lake City, Atlanta, and Raleigh-Durham.

Narya Capital has backing from powerful figures like Peter Thiel, Marc Andreessen, Eric Schmidt, and Scott Dorsey.

Vance aims to help struggling backwater Southern regions by providing VC funding, but ironically, he's investing in established entrepreneurial hubs with gentrification problems.

J.D. Vance has launched a new venture capital fund called Narya Capital, which will be based in Cincinnati, Ohio. He's raised $93 million so far, with a goal of $125 million.

Vance's new fund will focus on investing in startup companies in cities like Salt Lake City, Atlanta, and the Raleigh/Durham area.

He's not new to venture capital, having previously managed the Rise of the Rest Seed Fund, a $150 million early-stage fund.

Vance's goal with Narya Capital is to bring technology and middle-class wage-paying jobs to areas that need them most, like Ohio.

J.D. Vance's new venture capital fund, Narya Capital, will invest in startups in under-served cities.

Vance has raised $93 million for Narya Capital, with plans to raise as much as $125 million.

J.D. Vance co-founded Narya Capital in 2019 with investments from Peter Thiel, former Google CEO Eric Schmidt, and VC veteran Marc Andreessen.

He broke out on his own after two years to start Narya Capital, marking a significant move in his venture capital career.

Vance still owns pieces of the funds that he helped advise, including Narya Capital Fund I, Narya Capital Fund II, and Rise of the Rest Seed Fund.

His stake in Narya Capital Fund I is worth between $500,001 and $1 million.

He has a smaller stake in Narya's Capital Fund II and the Rise of the Rest's Seed Fund, worth as much as $15,000 and $250,000 respectively.

Narya Capital has only completed one fundraise so far, its $120 million Fund I, which has a dozen active investments.

The companies in Narya's portfolio vary in their mission, from a gene therapy company founded by Vivek Ramaswamy's brother to a Catholic meditation and prayer app.

Vance gave up his role as a partner in Narya in December 2022 after winning his senate seat.

He technically owns a stake in each of the dozen active investments in Narya's Fund I.