A* Capital, the venture firm founded by Kevin Hartz, announced it has raised $450 million for its third fund. The company plans to invest in promising projects across various sectors such as artificial intelligence, fintech, healthcare, and cybersecurity. This is reported by Techcrunch.com reporting .
Under the new fund, an average of $3 million to $5 million is expected to be allocated to each startup. A* Capital aims to support at least 30 new projects with these funds. The investment process will take place over the next two to three years.
The fund's investors include non-profit organizations, foundations, and prestigious institutions such as Carnegie Mellon University. Founded in 2020 by Kevin Hartz and Bennet Siegel, the firm previously successfully closed funds of $300 million in 2021 and $315 million in 2024.
A* Capital is also known for investing in young entrepreneurs. Nearly 20 percent of its current portfolio consists of startups led by teenage founders. The firm has previously invested in successful companies such as Ramp and Mercor.
Read “Zamin” on Telegram!
