Tusk Challenge Partners, the endeavor capital firm led by Bradley Tusk and managing partner Jordan Nof, has secured $70 million for its 2d flagship fund, the firm has confirmed to TechCrunch following a fable by Fortune this morning.
Fundraising for the hassle started in January, when the pair filed bureaucracy with the U.S. Securities Alternate Commission for Tusk Challenge Partners II. The firm, and affiliated political advisory outfit Tusk Ventures, is within the relief of a sequence of excessive-profile startups, including e-scooter “unicorn” Chicken, cryptocurrency alternate Coinbase and Ro, a at once-to-person healthcare industry ultimate known for selling erectile dysfunction medication.
The Recent York-basically basically based firm, founded in 2011, previously raised $36 million for its debut fund — capital it feeble to relief fantasy sports firm Fanduel, insurtech industry Lemonade and D2C weight reduction program vendor Care/of.
Tusk, sooner than launching Tusk Ventures, served as marketing and marketing campaign supervisor for Mike Bloomberg, as deputy governor of Illinois and as communications director for Senator Chuck Schumer. He furthermore penned the e book, The Fixer: My Adventures Saving Startups from Death by Politics, launched in 2018.
Naturally, Tusk Ventures provides companies better than factual assessments. The politically savvy personnel lends its journey to enhance companies plagued with regulatory boundaries and communications points, apart from to aid with grassroots organizing, opposition evaluate and partnerships.
