Venture capital firm Team8 has closed $365 million in fresh capital, made up of $265 million for Team8 Capital’s third fund and more than $100 million earmarked for follow-on investments in existing portfolio companies. The firm said the new vehicle will target seed and Series A AI-native startups across cybersecurity, AI infrastructure, and fintech. Its focus includes infrastructure projects that help enterprises deploy AI while maintaining security, governance, and control. Team8 also said its assets under management are now nearing $2 billion. The firm has previously backed a number of crypto and AI companies, including institutional cryptocurrency wallet developer Curv, AI compliance platform IVIX, and AI data loss prevention company Jazz.
Venture capital firm Team8 said it has raised $365 million in new capital.
The total includes $265 million for Team8 Capital’s third fund and more than $100 million set aside for follow-on investments in existing portfolio companies.
Fund focus centers on AI-native startups
According to the announcement, the new fund will target seed and Series A AI-native companies in areas including cybersecurity, AI infrastructure, and fintech. Team8 said it is putting particular weight on infrastructure projects that help enterprises deploy AI while keeping security, governance, and control in place.
Assets under management near $2 billion
Team8 said its assets under management are now approaching $2 billion.
Previous investments include crypto and AI firms
The firm previously invested in several crypto and AI companies, including institutional cryptocurrency wallet developer Curv, AI compliance platform IVIX, and AI data loss prevention company Jazz.
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