Kevin Hartz’s A* raises its second oversubscribed fund in two years

Quick Summary:

Venture firms raised $9.3 billion in Q1 according to PitchBook data, which means this year likely won’t match or surpass 2023’s $81.8 billion total.

While emerging managers are feeling the fundraising market’s frost the most, some emerging VCs like A* have enough name recognition, and a good enough track record, to still find success.

This is because firms have enough of a track record to attract institutional investors and these deep-pocketed investors become necessary as firms look to grow their fund sizes down the road.

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Article Details

Author / Journalist: Rebecca Szkutak

Category: StartupsBusiness

Markets: United StatesCubaFranceGermanyIndiaItalySpain

Topics: Seed stage Venture Eventbrite Startup Seed rounds Kevin Hartz Startups Venture capital Fundraising

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-21 @ 11:00:00 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1471 words

Reading Time: 9 minutes read

Sentences: 61 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21328329

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