645 Ventures, a San Francisco and New York-based early-stage venture capital firm that partners with founders building technology companies, closed its fourth fund, Fund IV, and launched its first opportunity fund, Select I.
The two funds, whose closings totaled $347M, are backed by limited partners including endowments, foundations, fund of funds, family offices, and high net worth individuals.
Founded by Nnamdi Okike and Aaron Holiday and supported by a growing team of experienced professionals, 645 focuses on vertical and horizontal SaaS, infrastructure software, consumer categories such as online marketplaces, and Crypto/Web3. The firm applies growth-stage investment practices, advanced proprietary software, and significant value-add resources to help Seed and Series A startups scale exponentially to become category-leading businesses.
The firm now has $550M+ in assets under management, and its notable portfolio companies include Iterable, FiscalNote, Goldbelly, Panther Labs, and Overtime, all of which 645 invested in at the early stage.
While the firm has always invested at Seed and Series A and will continue applying this model with Fund IV, Select I enables the firm to follow-on with larger investments in its best companies at the growth stage. Fund IV will make initial investments at Seed and Series A with check sizes ranging from $1M to $10M. Select I will write later stage checks up to $15M into the best-performing companies that reach the growth stage from its earlier funds.
FinSMEs
01/12/2022