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When Uber was first rolling out across the United States, Bradley Tusk helped the team wade through the clashes with city governments and legislation as the ride-hailing startups first . After a , and after realizing that Uber wouldn鈥檛 be the last company that needed to navigate the tricky intersection of government and politics, he started

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When I chatted with Tusk back in November he described his firm as follows: 鈥淲e鈥檙e this very weird entity within VC, we come out of politics and focus on that intersection.鈥�

Tusk Ventures just closed its second fund in four years, a $70 million investment vehicle to invest in startups that need to navigate regulations and the risk associated with them. This is more than double its debut fund, which closed at $36 million. The team plans to write checks that vary from $750,000 to $5 million for initial investments, .

Let鈥檚 get a little more color on what that rule-breaking (or making) cohort looks and sounds like.

, Tusk and Nof聽say that they invest in companies 鈥渙ften creating new markets altogether, where no regulatory framework likely exists (yet).鈥�

For example, the New York firm invested in , an e-scooter company, as it launched in cities across the United States. Tusk Ventures also invested in Roman, which needed to navigate telemedicine regulations so it could push its new healthcare model. This new fund has let them into startups like , which wants to upend lawn and gardening services, and , which claims it offers a 鈥渘ew practice model for therapists.鈥� As for what’s ahead, founding partner Nof tells me they’re specifically interested in digital health, affordable housing and homeownership, and consumer finance as industries.

The firm shared certain fund performance metrics with 附近上门 News and asserted that it is in the top quartile of funds from all new funds raised in 2016. Additionally, Tusk Ventures told 附近上门 News that $6.5M of the $16.1M they invested since January 2019 has gone to female founders.

In a post announcing the new fund, the partners pointed to how difficult it was to raise its debut investment, which they think is partly because their fund 鈥渋s fundamentally different from many traditional VCs and from what LPs are used to evaluating.鈥�