Texas-based Capstar Ventures L.P., an early-stage venture capital firm, has secured $41.3 million for its inaugural fund.
Capstar Ventures received the new funds from individuals, family offices, and institutions including Capital Creek Partners, Tiger Partners L.P., and J.P. Morgan.
With the fresh capital raised, the fund will further invest in seed and Series A rounds for digitally native brands, consumer goods and services, and technologies that power these startups.
In addition, the new fund will also focus on Millennial and Gen Z consumer products and services and platforms.