Cooley advised Chingona Ventures on the deal.
Chingona Ventures, a venture capital firm that invests in founders whose backgrounds uniquely position them to create businesses in growth markets that are often overlooked, announced the closing of its new $52 million fund.
Limited partners in the new fund include PayPal Ventures, Norwest Venture Partners, Melinda French Gates’ Pivotal Ventures, Foundry, and the Office of the Illinois State Treasurer’s Illinois Growth and Innovation Fund, among others. With the new capital, Chingona Ventures plans to continue to execute its existing investment thesis while increasing its initial check size to between $250,000 and $1 million.
Founded in 2019 and based in Chicago, Chingona Ventures focuses on industries that are massively changing, including financial technology, female technology, food technology, health and wellness, and the future of learning. The firm invests primarily in pre-seed companies raising their first institutional round of capital.
The Cooley team was led by Rachel Goddard (Picture), Noah Pittard, Mystery Murphy, Mandy Kondo and Christine Zhao. Additional assistance was provided by Paul Roberts, Halima Nguyen, Miriam Petrillo, Leslie Cancel, Vanessa Grieve, Jim Fulton, Christopher Kimball, Selin Akkan, Aaron Velli and Bernard Hatcher.
Involved fees earner: Selin Akkan – Cooley LLP; Leslie Cancel – Cooley LLP; Jim Fulton – Cooley LLP; Rachel Goddard – Cooley LLP; Bernard Hatcher – Cooley LLP; Christopher Kimball – Cooley LLP; Mandy Kondo – Cooley LLP; Mystery Murphy – Cooley LLP; Halima Nguyen – Cooley LLP; Miriam Petrillo – Cooley LLP; Noah Pittard – Cooley LLP; Paul Roberts – Cooley LLP; Vanessa Grieve – Cooley LLP; Aaron Velli – Cooley LLP; Christine Zhao – Cooley LLP;
Law Firms: Cooley LLP;
Clients: Chingona Ventures;