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Series x capital, a new venture capital fund linked to google’s innovation lab, x development, is reportedly raising over $500 million in may 2025 Managed by former youtube and facebook executive gideon yu, series x capital is expected to exceed its initial $500 million fundraising goal by the end of this year. With a focus on funding spinouts from x development, series x capital’s goal highlights the ongoing funding shifts within alphabet.
Alphabet’s x moonshot factory is shifting how it brings ambitious technology projects to market, increasingly spinning them out as independent companies rather than keeping them within the. Gideon yu, the former chief financial officer of youtube and facebook, is leading an effort to raise about $500 million for a fund affiliated with alphabet inc.’s moonshot lab, x, according to people with knowledge of the matter. Series x capital, which is run by youtube alum and former facebook chief financial officer gideon yu, now expects to exceed its initial target of us$500mil later this year.
Gideon yu (pictured) is raising about $500m for a fund linked to internet conglomerate alphabet’s incubation lab, x development, people privy to the matter told bloomberg last week
Alphabet itself is not raising a fund, according to one of the sources. Series x capital, a venture capital fund linked to alphabet's x, has raised hundreds of millions to invest in companies spinning off from the lab and expects to exceed its initial target of.
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