Snoop Dogg’s venture firm just closed its debut fund with $45 million

Snoop Dogg, the rapper, entertainer, and businessman, can claim another small victory in a long string of career highlights. The venture firm that he cofounded a couple of years ago, Casa Verde Capital, has closed its debut fund with $45 million.

The money was raised in earnest last year, says managing partner Karan Wadhera, an alum of both Goldman Sachs and Nomura Securities who joined the outfit in the summer of 2016 to take over the process of securing capital — as well as investing it along with fellow managing director Evan Eneman.

We talked with Wadhera yesterday to get a better handle on the firm, which makes seed and Series A bets on ancillary businesses in the cannabis industry. Our chat has been edited for length.

TC: You have what seems like a pretty traditional banking background. How did you wind up at Snoop Dogg’s venture firm?

Source: TC

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