Joe Lonsdale’s 8VC seeking $1B for new fund

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8VC, a venture firm led by Palantir founder Joe Lonsdale, is seeking nearly $1 billion for its sixth fund, according to a regulatory filing.

The Austin-based firm’s latest fund aims to raise nearly 14% more than its previous $880 million flagship vehicle, which closed in February 2023. TechCrunch has reached out to the firm for comment.

Since its founding 10 years ago, 8VC has invested in over 600 companies, including Asana, Flexport, hims and hers, and Elon Musk’s The Boring Company, according to PitchBook data. However, given…



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Joe Lonsdale’s 8VC seeking $1B for new fund


8VC, a venture firm led by Palantir founder Joe Lonsdale, is seeking nearly $1 billion for its sixth fund, according to a regulatory filing.

The Austin-based firm’s latest fund aims to raise nearly 14% more than its previous $880 million flagship vehicle, which closed in February 2023. TechCrunch has reached out to the firm for comment.

Since its founding 10 years ago, 8VC has invested in over 600 companies, including Asana, Flexport, hims and hers, and Elon Musk’s The Boring Company, according to PitchBook data. However, given…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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