Bling Capital Expands Network, Raises $270 Million for Fourth Fund
Fueling Growth: Bling Capital’s Strategic Investment Approach
Bling Capital, a leading seed-stage venture capital firm renowned for its impressive track record and extensive network of advisors, has successfully secured $270 million for its fourth flagship fund. This substantial investment will be strategically allocated, with approximately half designated for an opportunity fund focused on providing follow-on investments to high-performing portfolio companies. This information comes directly from Kyle Lui, a general partner at Bling Capital, who spoke exclusively to TheTrendyType.
A Legacy of Success Built on Strategic Partnerships
Founded in 2018 by Ben Ling, a former general partner at Khosla Ventures, Bling Capital has rapidly established itself as a major player in the seed investment landscape. Ling’s impressive background includes executive roles at tech giants like Google, YouTube, and Facebook, along with a successful career as an angel investor backing companies such as Airtable, Lyft, Square, and Palantir. This wealth of experience has shaped Bling Capital’s unique approach to venture capital.
One key element of Bling Capital’s strategy is its “Product Council,” a network of influential leaders from major tech firms who provide invaluable guidance and mentorship to Bling’s portfolio startups. With the new fund, the firm is further strengthening this network by welcoming advisors from some of the hottest startups in the industry, including Notion, OpenAI, Scale AI, and Stripe. Learn more about our Product Council and how it helps drive success for our portfolio companies.
A Proven Track Record: Nurturing Unicorns and High-Growth Potential
Bling Capital’s commitment to identifying and nurturing high-growth potential has resulted in a remarkable track record. Ben Ling has personally overseen the development of approximately 19 unicorns, while Kyle Lui, who joined Bling from DCM, boasts at least seven unicorn exits under his belt, including notable companies like DocSend and Hims.
Over its six years of operation, Bling Capital has invested in a diverse portfolio of 170 companies, including prominent names such as Rippling and Vise. The new fund represents a modest increase from the firm’s previous $212 million fund, which was launched approximately two years ago and also featured a near-equal split between a new seed fund and an opportunity fund. Explore our portfolio and discover the innovative companies shaping the future.
