Seven Seven Six ( 776 Management), the venture capital firm founded by Alexis Ohanian, raised two new funds, totalling over $500m.
The newly launched Funds II include:
- an early stage-focused $300m vehicle, and
- a $200m fund that will invest in Series A and B funding rounds.
The new vehicles will mainly invest in Crypto focused startups.
776 Management, led by Reddit co-founder Alexis Ohanian, has approx. 40% of its portfolio dedicated to crypto investments, including Axie Infinity, Lolli and CoinTracker.
The new vehicles bring the firm’s total assets under management to $750m.
Along with Ohanian, who was one of the early backers of Coinbase, the team includes:
- Katelin Holloway, Founding Partner
- Lissie Garvin, Founding Chief of Staff
- Cristina Apple Georgoulakis, Operating Partner
- Hiram Vazquez, Operating Partner
- Travis Mason, Operating Partner
FinSMEs
02/02/2022