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Chronicles

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VC firm Initialized raises $230M for its fifth fund and says the fund was “heavily oversubscribed” despite the departure of co-founder Alexis Ohanian

- Existing portfolio includes unicorns Instacart, Coinbase, Ro  — Fifth fund “heavily oversubscribed” despite co-founder exit

Bloomberg

Discussion

  • @garrytan Garry Tan on x
    I'm very proud to announce our @Initialized Fund V, a $230M fund focused on seed, before the hockey-stick happens. The honeybadgers are reloaded. There are lots of options for after product market fit. We want to be the team that helps you *before*. https://medium.com/...
  • @gilliantan Gillian Tan on x
    Venture capital firm @Initialized has raised $230 million for a fifth fund to back “tomorrow's unicorns” per @garrytan. Individual investors in the fund include the firm's co-founder @alexisohanian (who recently left) & @briansin. New w/ @Katie_Roof 👇 https://www.bloomberg.com/..…
  • @alexisohanian Alexis Ohanian Sr. on x
    Excited to see what's to come! https://twitter.com/...
  • @initialized @initialized on x
    “The [new] vehicle, known as Initialized V, plans to back about 45 startups over the next three years . . . Its focus will be seed investing, typically the first time a company raises money and often before it has launched a product or service.” https://www.bloomberg.com/...