BETA: The Capitalization Report v20.11.28


“US venture capital funds have raised a combined $69.1 billion in 2020, edging past a 2018 record and defying the odds amid a pandemic-rattled economy. The high-water mark was set after Andreessen Horowitz announced a pair of mega-funds with $4.5 billion in commitments Friday.” – By James Thorne, Pitchbook, November 20, 2020.

NOTE: The Capitalization Report and RHC Family of compaies is partnering with accredited investors and family offices in due dillegence using tools such as PitchBook.

NEW FUNDS

Silicon Valley based venture capital firm Andreessen Horowitz closed two funds totalling $4.5 billion (see Tech Crunch article below)

Contour Venture Partners, a New York City-based seed stage venture capital firm, closed Contour Venture Partners IV, at $82m

Sinai Capital Partners, a Los Angeles, CA-based multi-strategy private equity company, raised more than $600m in new capital between the two funds

Financial Venture Studio, a San Francisco, CA-based venture firm focused on early stage fintech startups in the US, closed its inaugural fund, FVS Fund I, at $13m

Sumeru Equity Partners, a San Mateo, California-based private equity firm, closed Sumeru Equity Fund III, L.P., at $720m

Qiming Venture Partners, a Shangai, China-based venture capital firm, closed Qiming Venture Partners Fund VII, at $1.2 billion

Pacer Ventures LLC, a venture firm for sub-Saharan Africa, has launched a $3M fund for early-stage startups

Start Codon, a Cambridge, England, UK-based life science and healthcare business accelerator, closed Start Codon Fund I LP, at £15m

Think Bigger Capital, Demium’s Asset Management Company, has launched its first fund (TBF I) which has a target size of €30M

Telus (TSX: T, NYSE: TU), a Vancouver, British Columbia-based communications and information technology company, launched a $100m social impact investment fund

Astanor Ventures, a Luxembourg-based venture capital firm focused on food tech and agtech, is launching a $325m fund 

ARTICLE FROM TECH CRUNCH ABOUT A16Z

Andreessen Horowitz  (a16z) has closed a pair of funds totaling $4.5 billion, the firm confirmed in a blog post this morning. The firm has raised $1.3 billion for an early-stage fund focused on consumer, enterprise and fintech; and closed a $3.2 billion growth-stage fund for later-stage investments. The firm did not immediately respond to request for comment.

The funds may seem somewhat typical, given the size of new funds that venture firms have been raising in recent years. Still, these are extraordinary amounts given that a16z, with offices in Menlo Park and San Francisco, was founded just 11 years ago.

Read more: https://techcrunch.com/2020/11/20/a16z-is-now-managing-16-5-billion-after-announcing-two-new-funds/

KEYWORDS: A16Z, Andreessen Horowitz, Contour Venture Partners, Sinai Capital Partners, Financial Venture Studio, Sumeru Equity Partners, Qiming Venture Partners, Pacer Ventures LLC, Think Bigger Capital

Author: JDM

Learn more about JDM Biography on LinkedIn: http://www.linkedin.com/in/jdmorris

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