Turbine, which allows LPs to borrow funds secured by their position in venture funds, emerges from stealth with a $13M Series A and an $8.75M seed (Marina Temkin/TechCrunch)

by #AI [2.0] April 4, 2025 · Automatic / Editor's Picks [News]

Marina Temkin / TechCrunch:
Turbine, which allows LPs to borrow funds secured by their position in venture funds, emerges from stealth with a $13M Series A and an $8.75M seed — Since IPOs slowed to trickle a few years ago, limited partners who invest in venture capital funds have had one giant problem: a dearth of liquidity.