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Altos Ventures , the Silicon Valley speculation capital business firm that has backed the like of Roblox , Coupang , PandaDoc , and Quizlet , has secured $ 500 million for its latest store , consort toSEC filings . The business firm has been around for almost three decades and this is its largest fund to date .
Altos Ventures declined to comment on the filing or the new stock .
The multistage VC business firm get by over 15 funds across three fomite , fit in to PitchBook . They let in Altos Ventures and Altos Hybrid funds , which invest in U.S. andglobal company , as well as Altos Korea Opportunity Fund , which targets startups in South Korea . Altos Ventures has more than $ 7 billion in asset under management .
Altos Ventures specializes in enterprise and consumer software sector , with a warm direction on SaaS , consumer and Mobile River . The business firm prides itself on being the “ first institutional investor in high - outgrowth , beginner - led companies . ”
The new fund is notable because it ’s a signal that well - lay down business firm are continuing to raise significant capital , despite the cooling in other percentage of the speculation market . Fundraising , for example , has become more challengingfor emerging investment company managers , many later - stagecoach startup are struggling to raise growth cycle , valuations are soft overall ( particularly when the companionship in question is not an AI company ) , and the IPO securities industry has been slow for year .
In direct contrast to the select radical of venture capital firms thathavescaled up to multibillion - dollar bill funds over the last decade , Altos has acquire a more restrained approach , consistently capping its investment trust below $ 1 billion every few years . That ’s more in the vein of Benchmark , which has also rest buttoned-down , raising a $ 425 million fundearlier this yr and anadditional $ 170 million mate - only fund .
For these business firm , maintaining a scheme centre on make initial investments in a select number of early - stage startup — and later - stage bets in Altos ’ case — has try out more effective than raising massive multibillion - dollar investment trust furrow FOMO deals during both the ZIRP ( zero interest rate policy ) and current AI investment funds booms .
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Datafrom Cambridge Associates , which construct and make do investment portfolio for institutional investor , backs up this tendency : Smaller store have historically yield higher take . reflect this , CRV , a veteran venture firm over half a one C old , recentlyreturned more than halfof its $ 500 million late - level fund , citing the high-flown valuations of matured startup .
Altos Ventures ’ angel appear satisfied with its investment strategy . The 28 - twelvemonth - old firm claims to have been the first and lead investor in more than 50 companies , with over a 12 portfolio companies going public or being acquired by publicly traded companies . To date , Altos has backed nearly 250 company , according to PitchBook information .
