Consumer electronics producer Apple has made an anchor investment in a debut fund for US-based venture capital firm Offline Ventures with a $100m target for its close, Forbes has reported.
Offline Ventures will invest in startups focused on web3 and consumer technology, sustainability and neurological and women’s health. It was launched by Apple alumni David Morin and James Higa with Brito Morin and Nate Bosshard.
The firm will provider between $1m and $2m per company at pre-seed and seed stages and had already made 30 investments as of last month. Its portfolio includes social audio app developer Clubhouse, cryptocurrency trading platform Hedgehog, fertility services provider Kindbody and baby formula producer Bobbie.
