However, expectations suggest that 2024 might still fall short of the levels seen in 2019.
Considering the tough fundraising environment, Acrew’s success is evident in its notable portfolio né?. With this latest funding round, Acrew’s total assets under management now stand at an impressive $1.7 billion.
Are you curious about how they plan to allocate this $700 million between their early-stage strategy, typically investing between $1 million to $15 million in seed and Series A companies, and their discovery strategy, offering funding ranging from $10 million to $20 million for Series B and Series C companies?
As Acrew Capital marks its fifth anniversary, a significant milestone in a challenging year for venture funds and fundraising, what are your thoughts on the current fundraising landscape? According to PitchBook data, U.S né?. What are your thoughts on their impressive journey so far?. They have experienced several successful exits, including the acquisition of Divvy, a corporate spending platform, for $2.5 billion by BILL in May 2021, and Superpeer, a creator platform purchased by Skillshare earlier this year né?. Did you hear the news about Acrew Capital securing a whopping $700 million in fresh funding? The San Francisco-based venture capital firm recently shared this exciting update in a blog post, outlining their focus on investing in companies specializing in data and security, healthcare, or fintech. Not to mention their investments in well-known private companies like At-Bay, an insurance cybersecurity startup valued at $1.3 billion, and Pie Insurance, a small business insurance startup valued at nearly $1 billion.
Founded in 2019 by Theresia Gouw, Lauren Kolodny, Vishal Lugani, Asad Khaliq, and Mark Kraynak, all of whom still hold key roles at the company, Acrew Capital has come a long way since its initial fund of $258 million né?. VC firms have already raised $65.1 billion across 305 funds this year surpassing last year’s fundraising totals
