Venture capital may have slowed, but that doesn’t mean some VC firms aren’t still raising big.
— famous for bets on companies such as , and then-Facebook, now — announced its 17th fund, a $1 billion vehicle focused on pre-seed, seed and Series A founders.Ìý
The firm will look to fund AI-first companies across a variety of areas, including cybersecurity, fintech, consumer and more. In a , the firm said more than 80% of the investments made in its previous fund were pre-seed, seed or Series A.
“We expect that every company will become an AI company,� the blog reads. “While it’s been exciting to watch as the venture community has embraced AI as a thesis area over the last year, Greylock has been committed to AI investing for a decade and this commitment continues into Fund 17.�
Simultaneously, Greylock also announced a new program called Greylock Edge, a three-month company-building program for pre-idea, pre-seed and seed founders that also will include some type of “flexible� funding.
Greylock announced its 16th fund in September 2020, which also totaled $1 billion. Some of its recently announced investments include , and .
Big money across the pond
That wasn’t the only news of a large new fund on Tuesday. London-based has raised $1.1 billion of new funding to invest in startups even as Europe also has seen a decline in venture capital funding, the . The firm is raising the cash for its new venture and growth funds, with a goal of $1.35 billion for both funds, per the report.
The investor’s noteworthy investments include buy-now-pay-later and electric flying car startup .Ìý
Atomico last announced a fund in February 2020 — an $820 million vehicle — per ÍÃ×ÓÏÈÉú´«Ã½ data.
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