US venture capital firm Regeneration.VC, backed by Leonardo DiCaprio, has moved a founding partner to Europe and is raising its second fund.
Michael Smith, a general partner at LA-headquartered Regeneration.VC, moved his family to Amsterdam, the Netherlands, in August.
Smith set up Regeneration.VC in 2020 to back seed and Series A stage companies in what he dubbed "consumer climate technology."
"For our first fund, we had investors and then companies in our portfolio in Europe.
Around one third of Regeneration.VC's first fund has gone to European companies so far, Smith said.
Persons:
Leonardo DiCaprio, Michael Smith, Smith, Regeneration.VC, Biden's
Organizations:
LA, Lightspeed Ventures, Economy Foundation
Locations:
Regeneration.VC, Europe, Amsterdam, Netherlands, Sequoia, Denmark, New York, New Zealand, California