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8VC , a venture firm run by Palantir founder Joe Lonsdale , is seeking nigh $ 1 billion for its sixth fund , accord to aregulatory filing .
The Austin - based firm ’s former fund aims to raise virtually 14 % more than its previous$880 million flagshipvehicle , which close up in February 2023 . TechCrunch has make out to the business firm for comment .
Since its foundation 10 days ago , 8VC has invested in over 600 companies , include Asana , Flexport , hims and hers , and Elon Musk ’s The Boring Company , according to PitchBook data . However , given Lonsdale ’s defense roots , the firm ’s investments in the sphere have drawn the most aid .
In 2022 , 8VC was a source investor in Saronic , a manufacturer of robotic boat drones that can also gather surveillance and reconnaissance . Since then , the company has close two round and is currently in talk to raise $ 500 million at a $ 3 billion valuation , Forbes account .
8VC ’s other Department of Defense technical school investments admit Overland AI , a inauguration that ’s developing self-directed vehicle for defense team and national surety program . When Overland raised a $ 32 million Series A earlier this month , Lonsdale tell Axios that the party is in a position to become the “ next great defense blossom . ”
Another big area of focal point for the firm is health technical school and life skill , representing over a quarter of 8VC flock , including the now publicly traded biotechs Senti Bio and Vir .
Lonsdale moved 8VC from Silicon Valley to Austin in 2020 because he finger the urban center was more tolerant of “ ideological multifariousness . “
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Although Lonsdale is not technically a member of the PayPal mafia , he was an interne at the company for two summers . He then worked as an executive at Clarium Capital , the now - defunct hedge fund ground by Peter Thiel .
In addition to founding Palantir , Lonsdale co - founded a wealth management and investing software program fellowship , Addepar , reportedly conjure $ 250 million ata $ 3.25 billion pre - money valuation .
