8VC, a venture capital firm guided by Joe Lonsdale, is looking to raise nearly $1 billion for its sixth fund. This represents a 14% increase from their previous flagship fund, which closed at $880 million in February 2023. Over its 10-year history, 8VC has invested in over 600 companies, with a notable emphasis on defense technology and healthtech. The firm's investments include companies like Asana and The Boring Company. Additionally, 8VC is supporting startups like Saronic and Overland AI, focusing on autonomous defense technology. Lonsdale's choice to relocate 8VC to Austin reflects his preference for ideological diversity.
8VC is raising nearly $1 billion for its sixth fund, marking a shift towards significant investments in defense and healthtech sectors.
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