TLDR:
- Team8 has surpassed $2 billion in exits and secured $500 million in new funds.
- The venture creation leader has reached over $1 billion in assets under management (AUM) amidst tech turbulence.
Article Summary:
Team8, a global leader in venture creation and investment, has recently announced the closing of new funds totaling $500 million, bringing its total AUM to well over $1 billion. This achievement is significant given the challenges the venture capital industry is currently facing, including economic downturns and geopolitical shifts. Team8’s Managing Partner highlighted the resilience of their model in building and investing in companies during turbulent times.
Since its establishment in 2014, Team8 has disrupted the traditional venture capital model by focusing on more aligned and operationally intensive investing. With 20 companies created, 21 additional investments, and eight exits totaling $1 billion, Team8 has expanded its focus to include sectors like fintech, AI, and digital health.
The introduction of new funds underscores Team8’s commitment to innovation, enabling the launch and growth of over 30 startups. Their dual model of Venture-Creation and Venture-Capital provides extensive support to entrepreneurs, from ideation to market strategy, through their ‘Team8 Village’ network.
Despite market challenges, Team8’s recent achievements showcase the strength of its venture creation and investment model. With approximately $85 million in follow-on funds, Team8 continues to support its successful companies for ongoing innovation and growth. The fund’s ability to deliver value to its portfolio companies, even in difficult times, solidifies its position as a key player in shaping the future of technology and innovation.
