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Alternative Assets  + VC  |  June 14, 2023
Kyber Knight Capital Debuts with $120M Fund Backed by All-Star Lineup
Joe Palmisano
By: Joe Palmisano

Kyber Knight Capital Debuts with $120M Fund Backed by All-Star Lineup

Kyber Knight Capital, a venture capital firm co-founded by former Signia Venture Partners veterans Sunny Dhillon and Linus Liang, launched with a $120 million inaugural fund focused on pre-seed and seed investments in early-stage tech startups across commerce, AI, and labor.

The funding was backed by some high-profile investors, including Alphabet, Inc. Chairman John Hennessy; former Dreamworks Animation President Chris DeFaria; former President and CEO of eBay and Hewlett Packard Meg Whitman; previous Warner Brothers Chairman and CEO Kevin Tsujihara; and former Chairman and CEO of The Walt Disney Company Michael Eisner, among other big names.

Kyber Knight is also supported by institutional investors including McKinsey, the Smithsonian Museum Endowment and an unnamed major California pension fund, among others.

“Knowing the right people and getting in with quality customers early is essential to startup growth, especially at the pre-seed and seed stage. It can make or break a company,” said Dhillon.

The firm has already invested in 12 soon-to-launch companies. Investments range from robotics and automation in manufacturing and construction to sales enablement, e-commerce and AI technology.

San Francisco-based Kyber Knight plans to invest in approximately 40 to 50 companies with its debut fund.

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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