Detroit-based Mudita Venture Partners launches $125 million Fund II
By GlobeNewswire Published on June 26, 2025, 01:40 IST
Detroit, Michigan, June 25, 2025 (GLOBE NEWSWIRE) — Mudita Venture Fund II, a venture capital fund focusing on early-stage, business-to-business AI companies, completed its first close of $85 million toward its target of $125 million, with the remainder expected to close in the next 90 days. The fund is sponsored by Mudita Venture Partners ('Mudita'), founded by brothers Josh and Ethan Linkner.
Through its sponsored funds, Mudita invents, invests in, and helps accelerate tech companies with the goal of driving economic results and leaving a positive social impact. 'The Sanskrit word 'Mudita' means to find great joy in other people's success,' said co-founder Ethan Linkner. 'Recognizing the good that successful companies can do in the world, our mandate is to drive both oversized investment returns while simultaneously elevating humanity.'
Mudita Venture Fund II has an investment thesis similar to Mudita's first venture capital fund, which has built a portfolio of 23 companies pursuing groundbreaking technologies. 'We invest in and invent companies that leverage AI to deliver exponential boosts in productivity, scale, and impact,' said co-founder Josh Linkner. 'Taking a contrarian view, we prefer rigor over wild swings and focus on DeepHuman, not just DeepTech. We're not just financiers; we're business builders.'
Along with the first closing, Mudita is announcing the addition of three new senior executives to the Mudita team : Sandy Schwartz has joined Mudita as Managing Partner. Most recently, the CEO of the multi-billion dollar Cox family office, Sandy has been a highly effective leader for over 40 years. He served as the CEO of Cox Automotive, a $7 billion division of Cox Enterprises. He also serves on the Board of Rivian, has extensive M&A experience, and has proven himself as a leader who drives both growth and impact.
has joined Mudita as Managing Partner. Most recently, the CEO of the multi-billion dollar Cox family office, Sandy has been a highly effective leader for over 40 years. He served as the CEO of Cox Automotive, a $7 billion division of Cox Enterprises. He also serves on the Board of Rivian, has extensive M&A experience, and has proven himself as a leader who drives both growth and impact. Cyrus Mistry has joined as CEO of Mudita Studios, an affiliated innovation factory and start-up studio. A 20+ year senior executive at Google, Disney, and several hypergrowth startups, Cyrus brings multiple advanced degrees along with deep experience in technology and rapidly scaling enterprise growth. Mudita Studios is a standalone venture studio that invents, prototypes, and ultimately launches new tech companies. Mudita Studios is a laboratory of invention for venture funds like Mudita Venture Fund II as well as corporate clients. Started in 2021, the studio has launched 5 companies to date and targets launching up to 10 new ventures per year.
has joined as CEO of Mudita Studios, an affiliated innovation factory and start-up studio. A 20+ year senior executive at Google, Disney, and several hypergrowth startups, Cyrus brings multiple advanced degrees along with deep experience in technology and rapidly scaling enterprise growth. Mudita Studios is a standalone venture studio that invents, prototypes, and ultimately launches new tech companies. Mudita Studios is a laboratory of invention for venture funds like Mudita Venture Fund II as well as corporate clients. Started in 2021, the studio has launched 5 companies to date and targets launching up to 10 new ventures per year. Ruchira Dasgupta has joined Mudita as its Chief Operating Officer. With over two decades of experience at the intersection of brand, strategy, and operations, Ruchira brings cross-functional leadership across global hospitality, business intelligence, and technology sectors. As COO, she oversees firm and fund operations, portfolio and platform activation, and investor engagement initiatives that scale Mudita's impact and growth.
Mudita is also proud to announce the addition of four Operating Partners: Jeremie Bacon – CEO, entrepreneur, educator, and advisor in the software, recreation, and experiential hospitality and entertainment industries.
– CEO, entrepreneur, educator, and advisor in the software, recreation, and experiential hospitality and entertainment industries. Janet Foutty – Former Chair of Deloitte USA and CEO of Deloitte Consulting, advisor and board member across technology, women's health, and leadership organizations, and co-author of Arrive and Thrive: 7 Impactful Practices for Women Navigating Leadership.
– Former Chair of Deloitte USA and CEO of Deloitte Consulting, advisor and board member across technology, women's health, and leadership organizations, and co-author of Arrive and Thrive: 7 Impactful Practices for Women Navigating Leadership. Craig Jablonski – Cofounder & Executive Chairman of Career Now Brands, tech entrepreneur, and investor.
– Cofounder & Executive Chairman of Career Now Brands, tech entrepreneur, and investor. Alan Ying, MD – Multi-time growth company CEO, investor, board member, public company executive, former cardiothoracic surgeon.
'With deeper resources and an expanded bench of world-class business builders, we embark on Fund II with both confidence and conviction,' commented Managing Partner Josh Tolman. 'We remain committed to playing an active role in driving meaningful performance for our portfolio entrepreneurs, investors, and the communities we serve.'
About
Mudita Venture Partners
Mudita Venture Partners is an early-stage venture fund sponsor and advisor, primarily pursuing investments in business-to-business software companies that are post-revenue and pre-growth spurt. The Mudita team brings decades of entrepreneurial and operational experience to help accelerate growth and mitigate risk. Mudita only pursues investments for its funds in companies it believes will have both a positive impact on the world and drive meaningful economic returns.
Mudita Studios
Mudita Studios is a Mudita-affiliated venture studio, focused on inventing the next generation of disruptive technologies that can be launched as stand-alone businesses. It serves as an innovation laboratory for venture funds and corporate clients, streamlining the innovation process while applying rigorous systems and standards to enable the highest probability of new venture success.
For more information about Mudita, its mission, its studio, and its portfolio, please visit muditavp.com.
Disclaimer
This press release is for informational purposes only and is not intended to be, nor should it be construed or relied on in any manner as, legal, tax, financial or investment advice, and should not be used as the basis for any investment decision. Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy, or a recommendation for, any security of any investment product, service or vehicle sponsored by Mudita, including the vehicles referenced herein (each, a 'Fund'). Any such offer or solicitation may only be made pursuant to such Fund's definitive confidential private placement memorandum and related subscription documents, which will be furnished to qualified investors on a confidential basis, and otherwise in accordance with applicable securities laws.
References to any current portfolio investment and future portfolio company launches are intended solely to illustrate the application of a Fund's investment process and should not be used as a basis for making any decision about purchasing, holding, or selling any securities. Nothing herein shall be interpreted or used in any manner as investment advice. The information provided about these portfolio investments and portfolio companies is intended to be illustrative only and should not be relied upon as an indication of a Fund's current or future investment performance. The performance of any Fund's portfolio investments discussed herein is not necessarily indicative of, and may differ materially from, the performance of any other Fund's portfolio investments. No assumption should be made that any future investments will be profitable or achieve results comparable to past portfolio investments.
Certain statements contained in this press release constitute 'forward-looking statements.' These statements are predictive in nature and can be identified by words such as 'believe,' 'expect,' 'goal,' 'target,' 'will,' and other variations thereon and similar expressions. Forward-looking statements are neither historical facts nor assurances of future performance. Such statements are based on Mudita's current views, beliefs, expectations, and assumptions regarding future plans and strategies, projections, anticipated events and trends, market conditions, and other factors. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict, many of which are beyond our control. Our actual results and financial condition may differ materially from those indicated in these forward-looking statements. Therefore, reliance should not be placed on any forward-looking statements contained in this press release, which are based only on information available to Mudita and speak only as of the date hereof. Mudita expressly disclaims any obligation or undertaking to update, revise or supplement any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
Media Contact
Full Name: Josh Linkner
Title: Managing Partner and Co-Founder
Company Name: Mudita
Email: [email protected]
Phone Number: 248.760.1398
Website: muditavp.com
Attachment
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
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Associated Press
14 hours ago
- Associated Press
Detroit-based Mudita Venture Partners launches $125 million Fund II
06/25/2025, Detroit, Michigan // PRODIGY: Feature Story // Mudita Venture Fund II, a venture capital fund focusing on early-stage, business-to-business AI companies, completed its first close of $85 million toward its target of $125 million, with the remainder expected to close in the next 90 days. The fund is sponsored by Mudita Venture Partners ('Mudita'), founded by brothers Josh and Ethan Linkner. Through its sponsored funds, Mudita invents, invests in, and helps accelerate tech companies with the goal of driving economic results and leaving a positive social impact. 'The Sanskrit word 'Mudita' means to find great joy in other people's success,' said co-founder Ethan Linkner. 'Recognizing the good that successful companies can do in the world, our mandate is to drive both oversized investment returns while simultaneously elevating humanity.' Mudita Venture Fund II has an investment thesis similar to Mudita's first venture capital fund, which has built a portfolio of 23 companies pursuing groundbreaking technologies. 'We invest in and invent companies that leverage AI to deliver exponential boosts in productivity, scale, and impact,' said co-founder Josh Linkner. 'Taking a contrarian view, we prefer rigor over wild swings and focus on DeepHuman, not just DeepTech. We're not just financiers; we're business builders.' Along with the first closing, Mudita is announcing the addition of three new senior executives to the Mudita team: Mudita is also proud to announce the addition of four Operating Partners: 'With deeper resources and an expanded bench of world-class business builders, we embark on Fund II with both confidence and conviction,' commented Managing Partner Josh Tolman. 'We remain committed to playing an active role in driving meaningful performance for our portfolio entrepreneurs, investors, and the communities we serve.' About Mudita Venture Partners Mudita Venture Partners is an early-stage venture fund sponsor and advisor, primarily pursuing investments in business-to-business software companies that are post-revenue and pre-growth spurt. The Mudita team brings decades of entrepreneurial and operational experience to help accelerate growth and mitigate risk. Mudita only pursues investments for its funds in companies it believes will have both a positive impact on the world and drive meaningful economic returns. Mudita Studios Mudita Studios is a Mudita-affiliated venture studio, focused on inventing the next generation of disruptive technologies that can be launched as stand-alone businesses. It serves as an innovation laboratory for venture funds and corporate clients, streamlining the innovation process while applying rigorous systems and standards to enable the highest probability of new venture success. For more information about Mudita, its mission, its studio, and its portfolio, please visit Disclaimer This press release is for informational purposes only and is not intended to be, nor should it be construed or relied on in any manner as, legal, tax, financial or investment advice, and should not be used as the basis for any investment decision. Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy, or a recommendation for, any security of any investment product, service or vehicle sponsored by Mudita, including the vehicles referenced herein (each, a 'Fund'). Any such offer or solicitation may only be made pursuant to such Fund's definitive confidential private placement memorandum and related subscription documents, which will be furnished to qualified investors on a confidential basis, and otherwise in accordance with applicable securities laws. References to any current portfolio investment and future portfolio company launches are intended solely to illustrate the application of a Fund's investment process and should not be used as a basis for making any decision about purchasing, holding, or selling any securities. Nothing herein shall be interpreted or used in any manner as investment advice. The information provided about these portfolio investments and portfolio companies is intended to be illustrative only and should not be relied upon as an indication of a Fund's current or future investment performance. The performance of any Fund's portfolio investments discussed herein is not necessarily indicative of, and may differ materially from, the performance of any other Fund's portfolio investments. No assumption should be made that any future investments will be profitable or achieve results comparable to past portfolio investments. Certain statements contained in this press release constitute 'forward-looking statements.' These statements are predictive in nature and can be identified by words such as 'believe,' 'expect,' 'goal,' 'target,' 'will,' and other variations thereon and similar expressions. Forward-looking statements are neither historical facts nor assurances of future performance. Such statements are based on Mudita's current views, beliefs, expectations, and assumptions regarding future plans and strategies, projections, anticipated events and trends, market conditions, and other factors. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict, many of which are beyond our control. Our actual results and financial condition may differ materially from those indicated in these forward-looking statements. Therefore, reliance should not be placed on any forward-looking statements contained in this press release, which are based only on information available to Mudita and speak only as of the date hereof. Mudita expressly disclaims any obligation or undertaking to update, revise or supplement any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. Media Contact Full Name: Josh Linkner Title: Managing Partner and Co-Founder Company Name: Mudita Email: [email protected] Phone Number: 248.760.1398 Website: Source published by Submit Press Release >> Detroit-based Mudita Venture Partners launches $125 million Fund II
Business Upturn
a day ago
- Business Upturn
Detroit-based Mudita Venture Partners launches $125 million Fund II
By GlobeNewswire Published on June 26, 2025, 01:40 IST Detroit, Michigan, June 25, 2025 (GLOBE NEWSWIRE) — Mudita Venture Fund II, a venture capital fund focusing on early-stage, business-to-business AI companies, completed its first close of $85 million toward its target of $125 million, with the remainder expected to close in the next 90 days. The fund is sponsored by Mudita Venture Partners ('Mudita'), founded by brothers Josh and Ethan Linkner. Through its sponsored funds, Mudita invents, invests in, and helps accelerate tech companies with the goal of driving economic results and leaving a positive social impact. 'The Sanskrit word 'Mudita' means to find great joy in other people's success,' said co-founder Ethan Linkner. 'Recognizing the good that successful companies can do in the world, our mandate is to drive both oversized investment returns while simultaneously elevating humanity.' Mudita Venture Fund II has an investment thesis similar to Mudita's first venture capital fund, which has built a portfolio of 23 companies pursuing groundbreaking technologies. 'We invest in and invent companies that leverage AI to deliver exponential boosts in productivity, scale, and impact,' said co-founder Josh Linkner. 'Taking a contrarian view, we prefer rigor over wild swings and focus on DeepHuman, not just DeepTech. We're not just financiers; we're business builders.' Along with the first closing, Mudita is announcing the addition of three new senior executives to the Mudita team : Sandy Schwartz has joined Mudita as Managing Partner. Most recently, the CEO of the multi-billion dollar Cox family office, Sandy has been a highly effective leader for over 40 years. He served as the CEO of Cox Automotive, a $7 billion division of Cox Enterprises. He also serves on the Board of Rivian, has extensive M&A experience, and has proven himself as a leader who drives both growth and impact. has joined Mudita as Managing Partner. Most recently, the CEO of the multi-billion dollar Cox family office, Sandy has been a highly effective leader for over 40 years. He served as the CEO of Cox Automotive, a $7 billion division of Cox Enterprises. He also serves on the Board of Rivian, has extensive M&A experience, and has proven himself as a leader who drives both growth and impact. Cyrus Mistry has joined as CEO of Mudita Studios, an affiliated innovation factory and start-up studio. A 20+ year senior executive at Google, Disney, and several hypergrowth startups, Cyrus brings multiple advanced degrees along with deep experience in technology and rapidly scaling enterprise growth. Mudita Studios is a standalone venture studio that invents, prototypes, and ultimately launches new tech companies. Mudita Studios is a laboratory of invention for venture funds like Mudita Venture Fund II as well as corporate clients. Started in 2021, the studio has launched 5 companies to date and targets launching up to 10 new ventures per year. has joined as CEO of Mudita Studios, an affiliated innovation factory and start-up studio. A 20+ year senior executive at Google, Disney, and several hypergrowth startups, Cyrus brings multiple advanced degrees along with deep experience in technology and rapidly scaling enterprise growth. Mudita Studios is a standalone venture studio that invents, prototypes, and ultimately launches new tech companies. Mudita Studios is a laboratory of invention for venture funds like Mudita Venture Fund II as well as corporate clients. Started in 2021, the studio has launched 5 companies to date and targets launching up to 10 new ventures per year. Ruchira Dasgupta has joined Mudita as its Chief Operating Officer. With over two decades of experience at the intersection of brand, strategy, and operations, Ruchira brings cross-functional leadership across global hospitality, business intelligence, and technology sectors. As COO, she oversees firm and fund operations, portfolio and platform activation, and investor engagement initiatives that scale Mudita's impact and growth. Mudita is also proud to announce the addition of four Operating Partners: Jeremie Bacon – CEO, entrepreneur, educator, and advisor in the software, recreation, and experiential hospitality and entertainment industries. – CEO, entrepreneur, educator, and advisor in the software, recreation, and experiential hospitality and entertainment industries. 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'We remain committed to playing an active role in driving meaningful performance for our portfolio entrepreneurs, investors, and the communities we serve.' About Mudita Venture Partners Mudita Venture Partners is an early-stage venture fund sponsor and advisor, primarily pursuing investments in business-to-business software companies that are post-revenue and pre-growth spurt. The Mudita team brings decades of entrepreneurial and operational experience to help accelerate growth and mitigate risk. Mudita only pursues investments for its funds in companies it believes will have both a positive impact on the world and drive meaningful economic returns. Mudita Studios Mudita Studios is a Mudita-affiliated venture studio, focused on inventing the next generation of disruptive technologies that can be launched as stand-alone businesses. It serves as an innovation laboratory for venture funds and corporate clients, streamlining the innovation process while applying rigorous systems and standards to enable the highest probability of new venture success. For more information about Mudita, its mission, its studio, and its portfolio, please visit Disclaimer This press release is for informational purposes only and is not intended to be, nor should it be construed or relied on in any manner as, legal, tax, financial or investment advice, and should not be used as the basis for any investment decision. Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy, or a recommendation for, any security of any investment product, service or vehicle sponsored by Mudita, including the vehicles referenced herein (each, a 'Fund'). Any such offer or solicitation may only be made pursuant to such Fund's definitive confidential private placement memorandum and related subscription documents, which will be furnished to qualified investors on a confidential basis, and otherwise in accordance with applicable securities laws. References to any current portfolio investment and future portfolio company launches are intended solely to illustrate the application of a Fund's investment process and should not be used as a basis for making any decision about purchasing, holding, or selling any securities. Nothing herein shall be interpreted or used in any manner as investment advice. The information provided about these portfolio investments and portfolio companies is intended to be illustrative only and should not be relied upon as an indication of a Fund's current or future investment performance. The performance of any Fund's portfolio investments discussed herein is not necessarily indicative of, and may differ materially from, the performance of any other Fund's portfolio investments. No assumption should be made that any future investments will be profitable or achieve results comparable to past portfolio investments. Certain statements contained in this press release constitute 'forward-looking statements.' These statements are predictive in nature and can be identified by words such as 'believe,' 'expect,' 'goal,' 'target,' 'will,' and other variations thereon and similar expressions. Forward-looking statements are neither historical facts nor assurances of future performance. Such statements are based on Mudita's current views, beliefs, expectations, and assumptions regarding future plans and strategies, projections, anticipated events and trends, market conditions, and other factors. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict, many of which are beyond our control. Our actual results and financial condition may differ materially from those indicated in these forward-looking statements. Therefore, reliance should not be placed on any forward-looking statements contained in this press release, which are based only on information available to Mudita and speak only as of the date hereof. Mudita expressly disclaims any obligation or undertaking to update, revise or supplement any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. Media Contact Full Name: Josh Linkner Title: Managing Partner and Co-Founder Company Name: Mudita Email: [email protected] Phone Number: 248.760.1398 Website: Attachment Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
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Steven Hoffman currently operates Python Global Ventures, a family office investment firm. Prior to that, Mr. Hoffman was a partner and consumer sector head at Highline Capital Management LLC from 2001 through 2018. Mr. Hoffman began his career at Wertheim Schroder & Co. as an investment banking and private equity analyst starting in 1992. He earned dual bachelor's degrees at The University of Pennsylvania from The Wharton School and the College of Arts & Sciences and holds an MBA from the University of Chicago Booth School of Business. ABOUT SIX FLAGS ENTERTAINMENT CORPORATION Six Flags Entertainment Corporation (NYSE: FUN) is North America's largest regional amusement-resort operator with 27 amusement parks, 15 water parks and nine resort properties across 17 states in the U.S., Canada and Mexico. Focused on its purpose of making people happy, Six Flags provides fun, immersive and memorable experiences to millions of guests every year with world-class coasters, themed rides, thrilling water parks, resorts and a portfolio of beloved intellectual property such as Looney Tunes®, DC Comics® and PEANUTS®. FORWARD-LOOKING STATEMENTS Some of the statements contained in this news release that are not historical in nature are forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements as to our expectations, beliefs, goals and strategies regarding the future. Words such as 'anticipate,' 'believe,' 'create,' 'expect,' 'future,' 'guidance,' 'intend,' 'plan,' 'potential,' 'seek,' 'synergies,' 'target,' 'will,' 'would,' similar expressions, and variations or negatives of these words identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These forward-looking statements may involve current plans, estimates, expectations and ambitions that are subject to risks, uncertainties and assumptions that are difficult to predict, may be beyond our control and could cause actual results to differ materially from those described in such statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct, that our growth and operational strategies will achieve the target results. Important risks and uncertainties that may cause such a difference and could adversely affect attendance at our parks, our future financial performance, and/or our growth strategies, and could cause actual results to differ materially from our expectations or otherwise to fluctuate or decrease, include, but are not limited to: failure to realize the anticipated benefits of the Merger, including difficulty in integrating the businesses of legacy Six Flags and legacy Cedar Fair; failure to realize the expected amount and timing of cost savings and operating synergies related to the Merger; general economic, political and market conditions; the impacts of pandemics or other public health crises, including the effects of government responses on people and economies; adverse weather conditions; competition for consumer leisure time and spending or other changes in consumer behavior or sentiment for discretionary spending; unanticipated construction delays or increases in construction or supply costs; changes in capital investment plans and projects; anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, expansion and growth of the Combined Company's operations; legislative, regulatory and economic developments and changes in laws, regulations, and policies affecting the Combined Company; acts of terrorism or outbreak of war, hostilities, civil unrest, and other political or security disturbances; and other risks and uncertainties we discuss under the heading 'Risk Factors' within our Annual Report on Form 10-K and in the other filings we make from time to time with the Security and Exchange Commission. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this document and are based on information currently and reasonably known to us. We do not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after publication of this news release.
