Obvious Ventures, co-founded by Twitter's Evan Williams, plans to raise $400 million fund

Obvious Ventures, the venture capital firm co-founded by Twitter's Evan Williams, has filed to raise $400 million for its latest fund, according to a regulatory filing. The filing for Obvious Ventures V was made public with the SEC on Tuesday and indicates that it's an initial notice. The firm raised its most recent fund in 2022, when it brought in about $355 million, according to PitchBook data, short of its $400 million target. A spokesperson for the firm declined to comment. Launched in 2014, Obvious Ventures is widely known for its early investment in alternative meat startup Beyond Meat , holding a 9% stake at the time of the company's IPO in 2019. It's been a tough run on the market for Beyond Meat, whose market cap is now below $300 million after peaking at over $14 billion in the months that followed its market debut. The venture market broadly has struggled in recent years, with tech IPOs largely drying up in 2022 and staying relatively dormant aside from a few notable dea ... Read full article.