Twitter's former head of media has raised $25 million from a who's who of Silicon Valley to invest in startups
- Katie Jacobs Stanton, a former Twitter executive, has raised $25 million for her first fund to continue investing in young startups.
- The fund raised capital from legendary investors and operators including Marc Andreessen, Ev Williams, Anne Wojcicki, and April Underwood.
- Before raising a fund, Stanton put her own money into companies as an angel investor. She's backed Carta, Coinbase, and Color, among others.
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Katie Jacobs Stanton, Twitter's former head of media, has raised $25 million for a new fund to invest in startup founders at the start of their journey.
The newly formed Moxxie Ventures is a seed-stage firm that will invest in entrepreneurs of all genders and backgrounds, though Stanton said in a press release that she's "particularly excited to partner with those who have been traditionally underrepresented."
The fund's roster of investors includes venture capitalists Marc Andreessen, Chris Sacca, and Chris Dixon, as well as top operators Ev Williams, a cofounder of Twitter; YouTube boss Anne Wojcicki; and former Slack executive and investor April Underwood. It also raised capital from institutional investors Bain Capital Ventures, Bloomberg Beta, and Cendana Capital, as well as some unnamed influencers and athletes.
In 2015, Stanton was among a group of six women working at Twitter who came out of the initial public offering years earlier with enough cash to start investing as angels. They started a collective called #Angels to share information about the deals they landed and bring awareness to the group. The angels invest out of their own savings.
Stanton has previously invested in 40 companies, including Carta, Coinbase, Lambda School, and Modern Fertility.
She also put money into genetic-testing company Color and - attracted by its mission to make health data more accessible and useful - left Twitter and joined Color as chief marketing officer in 2016. Stanton announced in a blog post earlier this year that she wanted to pursue a career as a full-time investor.
Stanton, the sole venture partner of Moxxie Ventures, said in a press release that she realized "the best way for me to make the impact that I wanted was to make was to create something new."
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