Two Sigma Ventures, which arose from a similar-named hedge fund a decade ago, has raised approximately $320 million for its fourth early-stage venture fund and $80 million for its second opportunities fund.
According to a corporate announcement, Two Sigma Ventures will use the two funds to invest in firms that employ data and technology for social betterment.
External investors such as college endowments, non-profit foundations, and pension funds contributed 85% of the $400 million raised by the firm. The remaining 15% was given by senior workers and partners at Two Sigma. The partner Colin Beirne said:
“A lot of limited partners are realizing that the next three years are going to be a great time to invest in the venture because there’s less competition, lower valuations.”
Two Sigma Ventures invests in early-stage startups in software-as-a-service and fintech, among other sectors, in addition to crypto and DeFi.
Two Sigma Ventures is the venture arm of Two Sigma, a financial sciences corporation based in New York. According to the firm’s website, Two Sigma manages assets worth more than $60 billion.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Two Sigma Ventures Raises $400 Million
Two Sigma Ventures, which arose from a similar-named hedge fund a decade ago, has raised approximately $320 million for its fourth early-stage venture fund and $80 million for its second opportunities fund.
According to a corporate announcement, Two Sigma Ventures will use the two funds to invest in firms that employ data and technology for social betterment.
External investors such as college endowments, non-profit foundations, and pension funds contributed 85% of the $400 million raised by the firm. The remaining 15% was given by senior workers and partners at Two Sigma. The partner Colin Beirne said:
“A lot of limited partners are realizing that the next three years are going to be a great time to invest in the venture because there’s less competition, lower valuations.”
Two Sigma Ventures invests in early-stage startups in software-as-a-service and fintech, among other sectors, in addition to crypto and DeFi.
Two Sigma Ventures is the venture arm of Two Sigma, a financial sciences corporation based in New York. According to the firm’s website, Two Sigma manages assets worth more than $60 billion.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
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