Bling Capital raised $270 million for its new flagship fund

Bling Capital, one of the leading seed-stage venture capital firms, announced the raising of $270 million for its fourth flagship fund. Half of this amount is reserved for a follow-on fund, intended for subsequent investments in the most successful portfolio companies.

Founded in 2018 by Ben Ling, former general partner at Khosla Ventures, Bling Capital actively supports startups at the seed stage. Ling, with experience at Google, YouTube, and Facebook, has also become one of Silicon Valley’s most successful business angels, investing in companies such as Airtable, Lyft, Square, and Palantir.

A key feature of Bling Capital is its Product Council, a network of leaders from major technology companies who advise the fund’s startups. With the new fund, Bling is expanding its roster of experts, adding representatives from startups such as Notion, OpenAI, Scale AI, and Stripe.

Over six years, Bling Capital has invested in 170 companies, including Rippling and Vise, and helped create 19 unicorns. The new fund is only slightly larger than the previous one, established two years ago, which totaled $212 million.

This success underscores Bling Capital’s growing influence in the venture capital market and its ability to identify and nurture future leaders.

Source: techcrunch.com