Saturday January 25, 2020

Web Summit chief wants to raise $50m for venture capital fund

According to a filing with the Securities and Exchange Commission in the US, the fund will be called the Amaranthine Fund I LP

3rd June, 2018
Paddy Cosgrave

Web Summit chief executive Paddy Cosgrave is seeking to raise $50 million for a new venture capital fund. According to a filing with the Securities and Exchange Commission in the US, the fund will be called the Amaranthine Fund I LP.

The fund is registered in Delaware but based in San Franscisco.

The general partners in the fund are listed as David Kelly, a co-founder of Web Summit, and Patrick Murphy. Cosgrave is not listed as...

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