Plexo Capital, a venture capital spinoff from Alphabet subsidiary GV, has raised $42.5m from LPs that include Alphabet, Intel Capital and Cisco Investments.

US-based venture capital firm Plexo Capital has closed its first fund at $42.5m, having harnessed contributions from a list of limited partners that includes several corporates. Intel Capital and Cisco Investments, the corporate venturing arms of semiconductor technology provider Intel and networking equipment producer Cisco, joined internet and technology group Alphabet, financial services firm Royal…

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