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Opalesque Industry Update - Mudita Venture Fund II, a venture capital fund focusing on early-stage, business-to-business AI companies, completed its first close of $85 million toward its target of $125 million, with the remainder expected to close in the next 90 days. The fund is sponsored by Mudita Venture Partners, founded by brothers Josh and Ethan Linkner. Through its sponsored funds, Mudita invents, invests in, and helps accelerate tech companies with the goal of driving economic results and leaving a positive social impact. "The Sanskrit word 'Mudita' means to find great joy in other people's success," said co-founder Ethan Linkner. "Recognizing the good that successful companies can do in the world, our mandate is to drive both oversized investment returns while simultaneously elevating humanity." Mudita Venture Fund II has an investment thesis similar to Mudita's first venture capital fund, which has built a portfolio of 23 companies pursuing groundbreaking technologies. "We invest in and invent companies that leverage AI to deliver exponential boosts in productivity, scale, and impact," said co-founder Josh Linkner. "Taking a contrarian view, we prefer rigor over wild swings and focus on DeepHuman, not just DeepTech. We're not just financiers; we're business builders." Along with the first closing, Mudita is announcing the addition of three new senior executives to the Mudita team: Sandy Schwartz has joined Mudita as Managing Partner. Most recently, the CEO of the multi-billion dollar Cox family office, Sandy has been a highly effective leader for over 40 years. He served as the CEO of Cox Automotive, a $7 billion division of Cox Enterprises. He also serves on the Board of Rivian, has extensive M&A experience, and has proven himself as a leader who drives both growth and impact. Cyrus Mistry has joined as CEO of Mudita Studios, an affiliated innovation factory and start-up studio. A 20+ year senior executive at Google, Disney, and several hypergrowth startups, Cyrus brings multiple advanced degrees along with deep experience in technology and rapidly scaling enterprise growth. Mudita Studios is a standalone venture studio that invents, prototypes, and ultimately launches new tech companies. Mudita Studios is a laboratory of invention for venture funds like Mudita Venture Fund II as well as corporate clients. Started in 2021, the studio has launched 5 companies to date and targets launching up to 10 new ventures per year. Ruchira Dasgupta has joined Mudita as its Chief Operating Officer. With over two decades of experience at the intersection of brand, strategy, and operations, Ruchira brings cross-functional leadership across global hospitality, business intelligence, and technology sectors. As COO, she oversees firm and fund operations, portfolio and platform activation, and investor engagement initiatives that scale Mudita's impact and growth. |
Industry Updates
Mudita Venture Partners launches $125 million Fund II
Thursday, June 26, 2025
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