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Venture capital firm Greycroft raises over $1 billion across two funds

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(Reuters) – Greycroft has raised over $1 billion across two funds to invest in early and growth-stage companies, the venture capital firm said on Wednesday.

The latest fundraise brings the total capital raised to $3 billion since the company’s inception.

The venture capital market has been relatively insulated from the stormy economic conditions that have led to a tepid investment environment for late-stage companies.

Greycroft has previously invested in fintech platform Acorns and dating app Bumble Inc, among others.

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