Cyan Banister, Arielle Zuckerberg Firm Raises $181.8 Million to Back 'Magical Weirdos'
Mar 19, 2025 - financialpost.com
Long Journey Ventures, co-led by Cyan Banister, Arielle Zuckerberg, and Lee Jacobs, has raised $181.8 million for its latest fund, focusing on early-stage startups with unique and unconventional ideas. The firm, known for its whimsical office in a Victorian house in San Francisco, aims to support "magically weird" founders before their ideas become mainstream. Despite challenges in the venture capital industry, Long Journey has built credibility with a diverse portfolio, including investments in artificial intelligence and bioscience sectors. The firm emphasizes a supportive approach, likening itself to a "bubbe" or grandmother, and is committed to combating antisemitism by selectively choosing its backers.
Long Journey has invested in approximately 130 companies, including Crusoe Energy Systems and Together AI, helping them navigate existential challenges and achieve significant valuations. The firm is industry-agnostic and prides itself on its ability to support founders through chaotic times, fostering a family-like relationship with its portfolio companies. While not every startup is successful, Long Journey remains open-minded and disciplined, exploring even the most unconventional business ideas.
Key takeaways:
Long Journey Ventures, co-led by Cyan Banister and Arielle Zuckerberg, has raised $181.8 million to support unconventional startups.
The firm operates from a whimsical Victorian house in San Francisco, focusing on early-stage investments across various sectors.
Long Journey aims to support "magically weird" founders and has a reputation for backing innovative and high-risk startups.
The firm has raised a total of $450 million and invested in approximately 130 companies, emphasizing a supportive and candid approach to venture capital.
