The capital closes to appear on a $ 1 billion fund to support B2B companies

The capital closed to appear its seventh fund with a value of one billion dollars, I mentioned Tuesday

It is the first increase for the company in nearly four years. In May 2021, project company in San Matteo, California Collect nearly a billion dollars of capital obligations through two funds.

At that time, she closed its sixth fund in the early stage of $ 575 million; The company also raised the opportunity fund for the first time, as it closed it with $ 375 million of capital obligations.

It was founded in 2003, and was historically focused on startups for institutions of institutions. Like many other project companies, it appears that the entire appearance in artificial intelligence, with the general partner, Joe Floyd luck: “It is an opportunity for generations to invest artificial intelligence, the period.”

Over the years, support the appearance of like Bill.com, Salesforce, Gusto, Zoom, Box and Bill.com.

Stanford University has supported its appearance since 2007. Rob Wallace, CEO of Stanford Management Company luck This appearance has “accurate investors” and “specialized in the deep field of Saes and software.”