Zeal Capital Partners has successfully closed its second fund with $82 million raised from notable limited partners including Citi Impact Fund and Wells Fargo. The firm plans to invest between $1 million and $2.3 million in at least 25 early-stage companies in sectors like financial technology, healthcare, and the future of work. Despite challenges in the funding environment, managing partner Nasir Qadree highlights continuity from previous partners as a sign of confidence in their investment strategy.
Nasir Qadree noted, "But these headwinds also sharpened our strategy and reaffirmed the strength of our approach. I'm proud to share that over 80% of our limited partners from Zeal Fund I continued with us into Fund II, a signal of deep conviction in our ability to consistently back category-defining companies."
Qadree described the funding environment for Fund II as "undoubtedly challenging" because of macroeconomic uncertainty, LP rebalancing, and tighter allocation windows, underscoring the tough conditions faced by new funds.
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