Fund of funds

Plexo Capital Management, LLC

Compiled from public sources

Plexo Capital Management, LLC operates as a venture capital investment firm, using a hybrid investment model to back emerging venture capital fund managers and early-stage venture-backed companies. Founded in 2018 by Lo Toney, a former partner at Google Ventures (GV), the firm operates a unique hybrid investment model, deploying capital both as a Limited Partner (LP) in emerging venture capital funds and directly into early-stage startups. Plexo's mission centres on increasing diversity within the venture ecosystem by focusing on funds and startups led by women and people of colour. The firm's model was born out of a strategy used at Google Ventures (GV), and Plexo Capital was incubated inside GV before being spun out as an independent firm in March 2018. Plexo deploys capital both as a fund-of-funds LP (in emerging seed-stage VC funds led by diverse managers) and as a direct co-investor in companies sourced from its GP network portfolio. The firm additionally operates the GPx programme, a structured educational and support platform for new and emerging fund managers.