Exclusive: Venture capital firm Blossom Capital is in talks to raise a new fund worth up to $400 million
Blossom partner Carmen Alfonso Rico joined the fund in October 2020 from Samaipata VC, where she led its UK team.
Asked about industry speculation that Rico may leave, Brown denied this and said Rico had begun focusing on Blossom's seed-stage activity. Brown said in a statement:"Our partner Carmen Alfonso Rico has taken initiative to focus on building our seed portfolio. Since she joined Blossom, Carmen has been a much valued member of the team, bringing all of her entrepreneurial experience and investment nous to bear.
"Having seen the great success of Cultivate, our angel program which has made targeted investments at seed level, we wanted to invest more in these efforts. Successful seed investing has been as much a part of Blossom Capital's success as Series A investing and we are very excited that Carmen is taking the lead on this."Blossom recently appointed Alex Lim as its co-managing partner,.
One of the firm's founding partners, Candice Lo, departed in 2019. Another, Mike Hudack, left for a product role at challenger bank Monzo.Subscribe to push notifications
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