Bill Maris, co-founder of corporate venturing unit GV, is in the process of raising money for his own venture capital fund, CNBC reported yesterday, citing undisclosed sources.
Maris left GV, the subsidiary of internet group Alphabet formerly known as Google Ventures, last month, telling the New York Times he wanted to spend more time with his family and work on his next project.
There are preliminary plans in place to raise between $350m and $500m, though no precise target has been set, and Maris is in talks with prospective investors.
Maris co-founded GV in 2009 and was managing partner until his departure. The unit’s successes in that period included Nest, Slack, HubSpot and Jet. One of Maris’s main achievements was to get its parent company involved in life sciences, which could hold a clue to the new fund’s direction.
– Photo courtesy of GV