Topology Ventures Led by Casey Caruso Raises $75M

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Tanzeel Akhtar

Journalist

Tanzeel Akhtar

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Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk, Bitcoin Magazine and Bitcoin.com.

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December 12, 2024

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Casey Caruso, Google-engineer-turned-investor, has raised $75 million for her new venture capital firm, Topology Ventures.

The fund focuses on frontier technologies and has drawn the support of prominent backers, including tech billionaire Marc Andreessen.

Caruso began as an engineer at Google in 2017, transitioning to venture capital, Caruso became an investor at Bessemer Venture Partners in 2018, one of the oldest VC firms.

She then went on to work at Paradigm in 2021, a leading crypto investment firm. Paradigm, co-founded by Coinbase’s Fred Ehrsam and former Sequoia partner Matt Huang, backs projects in the digital asset space.

Topology Ventures, Caruso’s latest venture will capitalize on her experiences and focus on frontier technologies—an umbrella term that includes innovations such as artificial intelligence, blockchain, quantum computing, and other disruptive fields.

“We are backed by the co-founder of OpenAI, managing partner of Bessemer, author of GPT4, Marc Andreessen, Chris Dixon, Accolade, Cendana, and many other top tier builders, organizations, and endowments,” said Caruso.

“We’ve been deploying in stealth for 7 months now. Our founders have already received follow-on investment from folks like Founders Fund, a16z, and the founders of OpenAI and Meta AI,” adds Caruso.

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