Spur is a fund of funds that aims to bet $200 million on early-stage venture capital during a downturn – TechCrunch

Stimulus Capital PartnersInvestors in the venture capital fund to raise $200 million for its seventh core fund.smallSo far, it has raised nearly $74 million in bets on early-stage venture capital firms, with each Securities filing.

Who or what are the Spurs betting on?Over the years, investors have claimed their indirect support many Early high-flying tech and life sciences companies, including host Airbnb and weapons maker Anduril. But Spur did not respond when asked about the names of venture capital firms in the portfolio.

The Bartlesville, Oklahoma-based firm told TechCrunch that Spur has been raising cash for the fund for more than a year and is already investing in it. So far, at least 40 unnamed investors have participated in the seventh fund, the documents show. Spur said its limited partners include U.S. and European pension plans and family offices.

Spur has been around for about 20 years, but at $200 million, the firm’s seventh fund will be one of its largest ever. The investor has more than $1.2 billion in assets under management, according to Pitchbook.

Betting on Venture Capital in a Downturn

The economy stinks, and tech knows it. Reactionary startups are laying off workers, and even giants like Google are reducing their offers and squeezing as much as possible from their existing workforce. As things go, you might think VCs are feeling the pinch, and by then, VCs are cutting some—but not all—cases of deals. However, this is not because they are out of money.

In fact, U.S. venture capital firms have more cash than ever before, but interest rates riseRussia’s invasion of Ukraine and other factors have rekindled the desire to make a profit, at least lately.

On the other hand, this trend is driving more funds to back early-stage venture capital firms.Even in times of perpetual uncertainty, investors still don’t want to miss out This next big thing possible.

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