Ali Rowghani, a former Y Combinator managing director and former Twitter executive, is launching a venture company called Maxq.
Maxq is targeting $250 million for its debut fund, Maxq Fund I, according to SEC filings. The company will focus on seed-stage investments, Axios reported on Wednesday. According to Axios, Loughani's former YC colleagues Mia Mabanta, Simon Lu and JJ Fliegelman are all expected to participate.
Mr. Rowghani previously headed YC's Continuity Fund. The fund was a vehicle to realize YC's pro rata rights and invest in select late-stage rounds of YC companies. The fund was established in 2015, but YC closed it and laid off its staff in 2023.
Prior to joining YC, Mr. Rowghani served as CFO and COO of Twitter. Prior to that, he was CFO at Pixar.
TechCrunch has reached out to Maxq for more information.