Techno-utopian Cathie Wood has become
Wood is backing Santa Monica, California-based Up.Partners, a venture capital firm investing in mobility startups. Up plans to announce Monday it closed an inaugural fund of $230 million—raised from a group of investors that also includes Alaska Air Group Inc. and Woven Capital, a venture capital off-shoot of Toyota Motor Corp.’s subsidiary Woven Planet.
Wood invested in the fund personally, not through her company, Ark Investment Management. Up declined to say how much she invested. A representative for Wood declined to comment.
Philosophically, Up is a natural ...