Atlanta-based Valor Ventures has successfully closed its $27 million Fund 3, despite a challenging investment climate. The fund, 28% larger than its predecessor, focuses on seed-stage B2B AI and SaaS startups in the South, attracting new investors like a pension fund and a bank. Valor’s Founding Managing Partner, Lisa Calhoun, highlighted the difficulties in raising new VC funds amid high interest rates and reduced investor activity. The firm aims to nurture promising startups and has expanded its reach with new venture partners. Valor also launched a Masterclass Series for founders, emphasizing the transition from a knowledge worker economy to a wisdom economy.