8VC, a business business, led by Palantir Founder Joe Lonsdale, is seeking nearly $ 1 billion for her sixth fund, according to one regulatory deposit.
The Austin -based company’s latest fund aims to increase almost 14% more than the previous $ 880 million flagship vehicle, which closed in February 2023. TechCrunch arrived in business.
Since its establishment 10 years ago, 8VC has invested in more than 600 companies, such as Asana, Flexport, Hims and Hiss and Elon Musk’s the Boring Company, according to Pitchbook data. However, given Lonsdale’s defense, business investments in the sector have drawn the most attention.
In 2022, the 8VC was a seed investor in Saronic, a robotic boat drone manufacturer that can also collect surveillance and recognition. Since then, the company has closed two rounds and is currently in talks to raise $ 500 million in valuation of $ 3 billion, Forbes reported.
Other 8VC defense technology investments include Overland AI, a startup that develops autonomous vehicles for defense and national security applications. When Overland set a series of $ 32 million earlier this month, Lonsdale told Axios that the company was able to become the “next big defense”.
Another major catering sector for the business is the health technology and the sciences of life, representing more than a quarter of the 8VC agreements, including current public negotiable biotechnological biological and VIR.
Lonsdale moved 8VC from Silicon Valley to Austin in 2020 because he felt that the city was more tolerant of “Ideological diversity.“
Although Lonsdale is not technically member of the Mafia Paypal, he was a trainee to the company for two summers. He then worked as an executive at Clarium Capital, the most defunct hedge fund founded by Peter Thiel.
In addition to establishing Palantir, Lonsdale founded a wealth and investment software management company, Addepar, reportedly raising $ 250 million in $ 3.25 billion pre-use valuation.
