Meridian Ventures launches $35M fund

Meridian Ventures has successfully raised a $35 million fund to invest in pre-seed and seed-stage companies founded by individuals who have deferred their MBA programs. The fund, co-founded by Devon Gethers and Karlton Haney, aims to challenge the notion that MBAs are not suited for entrepreneurship. This new capital will back enterprise technology startups in the United States, with investments spanning fintech, logistics, healthcare, and AI. Meridian plans to deploy capital with average check sizes of $500,000 for pre-seed and $750,000 for seed over the next three years, seeking to bridge the gap between ambitious founders and necessary funding.