Get the latest tech news
Altos Ventures, an early backer of Coupang and Roblox, raises $500M fund
Altos Ventures, a nearly three-decade-old Silicon Valley venture capital firm, has secured $500 million for its latest fund—its largest yet.
The new fund is notable because it’s a signal that well-established firms are continuing to raise substantial capital, despite the cooling in other parts of the venture market. For these firms, maintaining a strategy focused on making initial investments in a select number of early-stage startups—and later-stage bets in Altos’ case—has proven more effective than raising massive multibillion-dollar funds chasing FOMO deals during both the ZIRP and current AI investment booms. Data from Cambridge Associates, which builds and manages investment portfolios for institutional investors, backs up this trend: smaller funds have historically yielded higher returns.
Or read this on TechCrunch
