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Obvious Ventures, co-founded by Twitter's Evan Williams, plans to raise $400 million fund

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Obvious Ventures , co-founded by Twitter 's Evan Williams , has filed to raise $400 million for its fifth fund.

The firm raised its last fund in 2022 , when it brought in about $355 million .

The filing comes during a historically slow period for venture capital, as the IPO market is three years into a drought.