Bling Capital Raises $270 Million to Invest in Nascent Startups

Bling Capital, a venture firm targeting the earliest of startups, has raised $270 million at a difficult time for most of the venture capital industry.

The firm was founded by Ben Ling, whose nickname inspired its name, a Silicon Valley veteran who has held senior roles at companies including Google, YouTube and Facebook. In his prior role at Khosla Ventures and also through personal investments, he was an early backer of companies including Lyft Inc., Palantir Technologies Inc. and Instacart Inc.

The latest fundraising is Bling’s fourth since launching in 2018, and will be split across ...