Vicus Ventures Closes $55 Million Debut Fund

Vicus Ventures closed its first fund at $55 million after declining offers of additional capital, according to fortune.com. The brothers said the smaller fund size allows them to offer minimum dilution and maximum operational support to portfolio companies. They described their approach as "network-as-a-service," using connections from their limited partners to help founders generate revenue.

The fund's limited partners include General Catalyst, Kleiner Perkins, and several technology and finance executives. One limited partner stated the founders' connections and energy made them likely to succeed in the current AI environment.

Vicus has already backed companies including Avoca, Specter, Pallet, and Yuzu Health. " The brothers traced their emphasis on community support to their family's multigenerational background in agriculture and military service. They said the fund name derives from the Latin word for village and reflects their intent to replicate that support structure for founders.