Acrede Capital Hits Five Year Milestone, Raises $700 Million

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A Notable Milestone for a Firm That’s Thriving Despite Industry Challenges

San Francisco-based venture capital firm Acrew Capital has announced that it has raised $700 million in fresh funds. This significant investment will be used to support companies building innovative solutions in data and security, healthcare, or fintech. With this latest fundraise, the firm’s assets under management now total $1.7 billion.

What Does This Fundraise Mean for Acrew Capital?

The exact allocation of the $700 million between the firm’s early-stage strategy and its discovery strategy is unclear. The early-stage strategy typically invests between $1 million to $15 million in seed and Series A companies, while the discovery strategy focuses on larger checks of $10 million to $20 million for Series B and C companies.

Acrew Capital’s ability to raise funds during a challenging year for venture capital firms is a testament to its strong track record and notable portfolio. The firm was founded five years ago by Theresia Gouw, Lauren Kolodny, Vishal Lugani, Asad Khaliq, and Mark Kraynak. Since then, Acrew Capital has seen multiple exits, including the $2.5 billion acquisition of Divvy, a corporate spending platform.

Notable Exits and Portfolio Companies

Acrew Capital’s portfolio includes successful companies like At-Bay, an insurance cybersecurity startup valued at over $1.3 billion, and Pie Insurance, a small business insurance startup estimated to be worth nearly $1 billion. The firm’s ability to identify and invest in high-growth startups has been a key factor in its success.

Acrew Capital’s Founding Team

The founding team of Acrew Capital brings together a diverse range of expertise and experience. Theresia Gouw, Lauren Kolodny, Vishal Lugani, Asad Khaliq, and Mark Kraynak have all played a crucial role in shaping the firm’s investment strategy and portfolio.

Industry Context

While $65.1 billion has been raised across 305 funds in the U.S. so far this year, according to PitchBook data, it is still unclear whether these numbers will surpass those of previous years. The fundraising environment remains challenging, with many venture capital firms struggling to raise funds.

However, Acrew Capital’s success demonstrates that it is possible for firms to thrive despite industry challenges. By maintaining a strong portfolio and investing in innovative companies, Acrew Capital has established itself as a leading player in the venture capital space.

Conclusion

Acrew Capital’s $700 million fundraise marks an important milestone for the firm, which celebrates its fifth anniversary this year. With a notable portfolio and successful exits, Acrew Capital continues to demonstrate its ability to thrive in a challenging industry environment.

About Acrew Capital

Acrew Capital is a San Francisco-based venture capital firm that invests in companies building innovative solutions in data and security, healthcare, or fintech. Founded five years ago by Theresia Gouw, Lauren Kolodny, Vishal Lugani, Asad Khaliq, and Mark Kraynak, Acrew Capital has established itself as a leading player in the venture capital space.

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