Slow Ventures, a San Francisco and Boston-based venture capital firm, closed two funds totalling $220M.
The two funds include:
– $165M Slow IV Seed, investing primarily in companies seeking seed-stage financing, and
– the $55M Opportunity Fund, investing additional capital in existing portfolio companies as they scale, while also now being able to invest alongside notable leading Series B firms in more mature growth-stage companies that we missed earlier on.
The new funds bring Slow’s total assets under management (AUM) to $450M.
Led by Kevin Colleran, Sam Lessin, and Will Quist, Slow invests in startups at the center of technology and on the edges of science, society, and culture and gives the founders the resources, connections, and experiences required to build thier companies.
The firm has a generalist approach, considering innovative companies across every US geography, industry, and technology. Previous funds have invested in categories ranging from consumer brands (both digital and physical products) to enterprise software, crypto and blockchain, pets, health and wellness, fintech, space, and digital security.
The portfolio includes companies like Casper, Pillpack, Slack, Ro(Roman), Allbirds, Postmates, Airtable and many others.
Dave Morin and Scott Marlette will be stepping back from making new investments from these new funds but will continue to support the existing Slow portfolio while they also focus on other entrepreneurial projects.
FinSMEs
12/04/2019