Venture Capital: 8VC Raises $880M For Its Fund V
8VC ’s mission is to “fix the world.”
8VC has launched its fifth fund with $880 million in new capital to support and partner with entrepreneurs at all stages of their journey, and to build companies. Despite the evolution of the venture world over the last decade, big problems remain, and innovative people from all over the planet are inspired to address them through technology. 8VC’s mission to “fix a broken world” remains the same, and it works with founders to chase dreams and explore the vast uncharted wilderness yet to be explored. (8VC)
The firm brings together the best people to found businesses that do not yet exist, through its 8VC Build program, which has created successful, mission-driven companies in areas like healthcare, defense, logistics, finance, software, and biosciences. Including Fund V, 8VC now manages over $6 billion of capital.
8VC invests on behalf of some of the world’s savviest investors, including top endowments and pensions, enterprising families, strategic corporations, and fellow entrepreneurs. The firm is optimistic about the resilience of society, particularly in the US, but recognizes that the core of society is threatened by growing dysfunction and unaccountable bureaucracies and oligopolies.
At 8VC, the team creates and mentors the next generation of leaders who are courageous enough to fix what is broken, facing huge challenges and opportunities to transform industries, such as AI, genomic engineering, advanced manufacturing, and new business models. The firm is committed to generating world-class returns by backing extraordinary people and confronting the most important problems.
The firm remains optimistic about society’s resilience but recognizes the need to confront growing dysfunction and unaccountable bureaucracies and oligopolies. 8VC creates and mentors the next generation of leaders to transform industries, generate world-class returns, and build a stronger, more innovative, and more dynamic future for us all.
In conclusion, 8VC’s fifth fund launch reinforces its commitment to its mission to fix a broken world by supporting and partnering with entrepreneurs at every stage of their journey, and building companies to address big problems and explore the vast uncharted wilderness.
Related Story: Defense Startup Anduril Mops Up Giant $1.48B Funding
Image Credit: 8VC
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