Rewrite the
Theory Ventures has raised $450 million for its second fund, according to securities filings viewed by Fortune.
The firm was started in 2023 by Tomasz Tunguz, a former managing director at venture capital firm Redpoint. Tunguz made his name at Redpoint with investing wins like data analytics company Looker—sold to Google-parent Alphabet for $2.6 billion in 2019—and customer service software startup Kustomer, acquired by Facebook-parent Meta in 2020 for a reported $1 billion.
This second fund of $450 million is a major step up from last year’s first fund of $230 million. To date, Tunguz and Theory’s investments include data infrastructure platform Allium, blockchain infrastructure company Initia (last valued at $350 million), and open source data operations startup Tobiko.
Theory describes itself as a “theory-driven” firm, and tends to invest in enterprise software, AI, crypto, and data tools. Among the early VC bloggers with a substantial social media following, Tunguz co-wrote a book called Winning with Data in 2016.
Theory Ventures declined comment.
Join business’s brightest minds and boldest leaders at the Fortune Global Forum, convening November 11 and 12 in New York City. Thought-provoking sessions and off-the-record discussions feature Fortune 500 CEOs, former Cabinet members and global Ambassadors, and 7x world champion Tom Brady–among many others.
See the full agenda here, or request your invitation.
in HTML format to make it easy for teens to read and understand. Create appropriate headings and subheadings to organize the content. Ensure the rewritten content is approximately 1000 words. At the end of the content, include a “Conclusion” section and a well-formatted “FAQs” section.
Author: fortune.com
Orginal Source link