News Summary

Ulili Onovakpuri, the managing partner of Kapor Capital, announced her departure from the firm after more than a decade of service. Onovakpuri, who started as a principal at the firm, eventually rose to become a managing partner alongside Brian Dixon, taking over from founders Mitch Kapor and Freada Kapor Klein. During her tenure, she co-raised a $126 million fund and supported over 70 companies. Despite her departure, Onovakpuri emphasized that she is not bidding farewell to the world of investing but is taking a ‘purposeful pause.’ She hinted at future endeavors in the venture space, indicating her continued commitment to supporting founders building critical solutions. Kapor Capital, known for its focus on ‘impact’ startups, has been a significant player in using venture capital for financial and social gain.