A* Secures $450M for Third Fund: What’s Next?
A* has just announced a massive $450 million Fund III aimed at early-stage startups. Discover how this venture firm plans to invest in diverse sectors like AI and fintech over the next few years.
A's Ambitious New Fund
A*, the early-stage venture firm co-founded by Kevin Hartz, has successfully closed its third fund with a substantial $450 million. This fund will focus on a generalist investment strategy, targeting startups across various sectors, including AI applications, fintech, healthcare, and security. The firm aims to write checks ranging from $3 million to $5 million, with plans to support at least 30 innovative companies over the next two to three years.
Founded in 2020, A has quickly made a name for itself by backing unusually young founders, with nearly 20% of its portfolio consisting of teenage entrepreneurs. Notable investments include the fintech company Ramp and the AI firm Mercor. With limited partners that include nonprofits and prestigious institutions like Carnegie Mellon University, A is poised to make a significant impact in the startup ecosystem.
As the venture capital landscape evolves, A*’s approach reflects a growing trend of supporting diverse and youthful talent, ensuring that the next wave of innovation is both inclusive and groundbreaking.