Former VC Gina Raimondo set to run Commerce Department
January 8, 2021
A former venture capitalist is in line to lead the Biden administration's Commerce Department.
Multiple news outlets reported that President-elect Joe Biden has picked Rhode Island Gov. Gina Raimondo, who co-founded Point Judith Capital with David Martirano in 2001 in Providence, R.I. The early-stage VC firm later moved to Boston and is now known as PJC.
PJC, which invests mostly in East Coast-based companies across various industries, raised more than $80 million last year toward a target of $150 million for its fifth flagship fund, according to a filing with the SEC.
Raimondo was elected state treasurer of Rhode Island in 2010 and led an overhaul of its pension system. She was elected governor in 2014, stepping aside from PJC that year, and was reelected in 2018.
Multiple news outlets reported that President-elect Joe Biden has picked Rhode Island Gov. Gina Raimondo, who co-founded Point Judith Capital with David Martirano in 2001 in Providence, R.I. The early-stage VC firm later moved to Boston and is now known as PJC.
PJC, which invests mostly in East Coast-based companies across various industries, raised more than $80 million last year toward a target of $150 million for its fifth flagship fund, according to a filing with the SEC.
Raimondo was elected state treasurer of Rhode Island in 2010 and led an overhaul of its pension system. She was elected governor in 2014, stepping aside from PJC that year, and was reelected in 2018.
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