Fika Ventures Launches New, $40M Seed Fund In LA

Fika Ventures, a new startup venture fund led by venture capitalists Tx Zhuo, Eva Ho, and Arteen Arabshahi, has officially launched this morning, saying that it is investing in startups focused on data, related AI-enabled technologies, and automation. The new seed stage fund says it is looking to invest in "founders solving meaningful, systemic problems" in those areas. Zhuo and Arabshahi were both previously at Karlin Ventures, and Ho had been a founding GP at Susa Ventures and also an founding executive at Factual, having also worked at Google, YouTube, and Applied Semantics.