Venture capital firm Valo Ventures, launched by CapitalG alumnus Scott Tierney, has raised $175m for its debut fund following an LP commitment from Fortum.

US-based venture capital firm Valo Ventures has reached a $175m final close for its debut fund, securing capital from limited partners including electricity producer Fortum, TechCrunch has reported. The Finland-based corporate agreed in December 2018┬áto commit $170m to Valo Ventures, which was founded by Scott Tierney, a co-founder of CapitalG, the corporate VC subsidiary of…

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