We are excited to report that Fund II portfolio company Celestial AI has entered into a definitive agreement to be acquired by chip maker Marvell (NYSE: MRVL) for up to $5.5 billion (Newsroom). This is a terrific outcome for our limited partners. We feel very fortunate to have led Celestial’s Seed+ round in December 2020. And thank you to those of you who joined us in Fitz Gate Ventures III for which we held the final closing last month. We are actively investing out of Fitz III, so please let us know if you see any interesting early-stage companies.
