Ƶ

Artificial intelligence Seed funding Startups Venture

Greycroft Announces $1B In Commitments To Brighten Dark Venture Capital Landscape

Illustration of $100 bills.

It’s not all doom and gloom out there in the startup and venture capital world.

At least not for those with connections to . The New York- and Los Angeles-based venture capital firm that it is closing on more than $1 billion in capital commitments across new funds.

The firm, which backs startups from seed to growth, is known for its investments in a slew of successful startups including ’s lifestyle brand , scooter startup and popular payments platform Its most recent reported investment was as co-lead with on April 25 as part of data sharing platform ’s $17 million Series A.

Search less. Close more.

Grow your revenue with all-in-one prospecting solutions powered by the leader in private-company data.

To see a more complete list of Greycroft’s investments, visit the firm’s page. ‘s most notable exits include , and . Of course, not all Greycroft portfolio companies have been winners. Recently, e-commerce company , which raised over $240 million in venture funding before going public via a SPAC merger 15 months ago, told investors that it is contemplating a bankruptcy filing.

Let’s talk about the money

Co-founded in 2006 by Ian Sigalow, and, Greycroft has grown from $75 million to $3 billion in capital commitments and partnered with more than 250 portfolio companies, according to the firm.

Greycroft typically makes initial investments from $500,000 at the seed stage to up to $30 million in the growth stage, according to the firm. It is an active Series A investor and typically invests between $1 million and $10 million.

Sigalow pointed to AI and other sectors in the firm’s announcement: “We are witnessing a once-in-a-generation industrial transformation driven by advancements in artificial intelligence and the increasing need for sustainable products. These secular shifts are creating new opportunities across a wide range of sectors, despite the challenging economic conditions.”

Illustration: Dom Guzman

Stay up to date with recent funding rounds, acquisitions, and more with the Ƶ Daily.

67.1K Followers

CTA

Discover and act on private market opportunities with predictive company intelligence.

Copy link