Mozilla has unveiled an ambitious new venture capital fund to transform technology investment — and the internet more broadly.
In a blogpost last week, the company said that Mozilla Ventures was being launched with an initial commitment of $35 million and a focus on early stage start-ups (seed to Series A) whose products or technologies advance one or more of the values in the Mozilla Manifesto, like privacy, inclusion, transparency, and human dignity.
“Many people say the tech industry has lost its soul,” said Mark Surman, Mozilla Executive Director. “Some even say it’s impossible to make it better. My response: We won’t know unless we try, together. Mozilla Ventures is about fueling companies and products that put people before profits. And it’s about fueling enough of these companies and products that we can ultimately push the internet in a better direction.”