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Plexo Capital

Hybrid LP-GP backing seed funds and co-investing alongside them.

Emerging Manager ProgramsFirmGlobal
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Target market
Seed-stage funds led by diverse managers, globally
Typical check
LP checks into sub-$100M seed funds
Geography
Global

Overview

Plexo Capital, founded by Lo Toney and incubated inside GV before spinning out in 2018, invests LP capital into seed-stage venture funds led by diverse managers globally and co-invests directly in breakout companies from those portfolios. Its own investor base includes Alphabet, Intel Capital and Cisco Investments — institutional validation that helps its portfolio GPs raise.

Key facts

  • Founded by Lo Toney; spun out of GV in 2018
  • Invests in seed funds, then co-invests in their best companies
  • LPs include Alphabet, Intel Capital and Cisco Investments
  • Backs managers across the US, Africa, Latin America and Europe

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