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Innovation Endeavors closes $630M for Fund V to invest at intersection of science, tech
The firm intends to deploy capital into between 30 and 35 companies with this new fund.
Some recent lead investments include Machina Labs, a mechanical and industrial engineering and manufacturing firm, and BioLoomics, a biotechnology company that develops antibodies for cancer therapies. Berman: After forming the firm, Eric Schmidt and I spent a lot of time thinking about the future, what’s to come and how we could actually leverage technology to solve really hard problems that we forecast, and that already existed, will actually get worse over the next few decades. He’s doing amazing work and can dive deep very quickly to really understand what is going on, analyze it and then come back with a unique set of insights that actually helps those companies think about those challenges differently.
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