Mudita announces Fund II first close toward target

Mudita Venture Partners announced that Mudita Venture Fund II had completed a first close of $85 million toward a $125 million target. This was an interim fundraising milestone, not a final close or a disclosure of manager assets under management. The firm said the fund would pursue early-stage B2B AI companies. The same announcement introduced Sandy Schwartz as a managing partner and Ruchira Dasgupta as chief operating officer. It also described Mudita Studios as an affiliated startup studio and announced new operating partners. The expected timing for the remaining fundraising was forward-looking and has not been treated as evidence of completion.