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Acrew Capitalhas raised $ 700 million in tonic cash in hand .
The San Francisco - based speculation working capital house harbinger in ablog poston Thursday that it raised $ 700 million to invest in companies work up in data and security , healthcare , or fintech . This fundraise brings the business firm ’s assets under direction to $ 1.7 billion .
It ’s undecipherable how much of the $ 700 million will go to the firm ’s other - point strategy , which invests $ 1 million to $ 15 million into seminal fluid and Series A companies , and how much will go for its discovery scheme , which rationalise checks of $ 10 million to $ 20 million for Series B and Series C companies .
This news comes as the firm turns five years old , a milestone worth celebrating during a peculiarly tough year for venture store and fundraising . So far this year , U.S. VC firms have elicit $ 65.1 billion across 305 funds , according to PitchBook datum . While 2024 ’s fundraising totality are on track to surpass 2023 , it will still blench in comparison to any twelvemonth past 2019 .
The firm was potential still able-bodied to fund raise in these tougher conditions due to its far-famed portfolio so far .
Acrew has image multiple exits so far , including corporate spending political platform Divvy , which trade to BILL for $ 2.5 billion in May 2021 , and Maker chopine Superpeer , which was acquired by Skillshare for an unrevealed amount to begin with this yr , among others .
The firm is also investor in notable private companies , include At - Bay , an insurance cybersecurity inauguration that was last valued at $ 1.3 billion , and Pie Insurance , a small clientele insurance inauguration , that PitchBook estimates is value at virtually $ 1 billion .
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Acrewwas found in 2019by Theresia Gouw , Lauren Kolodny , Vishal Lugani , Asad Khaliq , and Mark Kraynak , all of whom are still in the same roles at the firm . Acrew ’s first fund was $ 258 million .
