Serena Williams’s early stage venture capital firm, Serena Ventures, has raised an inaugural fund of $111 million through February 2022. It will invest in founders with diverse points of view and already an active angel investor with a portfolio of 60 companies that includes SendWave, MasterClass and Daily Harvest. She was inspired by a talk between Caryn Seidman-Becker, the chief executive of the security company Clear, and Jamie Dimon, the head of JPMorgan Chase. The founding partners of Serena Ventures are Ms. Williams and Alison Rapaport Stillman. Ms. Williams’s other business activities include fashion lines, entertainment deals and serving on the board of Poshmark. Ms. Rapaport Stillman previously worked at JPMorgan, Wasserman and Melo7 Tech. The fund’s limited partners include Norwest, Capital G (Alphabet’s growth fund) and LionTree.