TLDR:
- SOSV raises largest deep tech fund, missing target
- Fundraise could close at over $400m but crashed in March 2023
SOSV, a leading deep tech venture capital firm, has recently raised its largest deep tech fund to date. However, the fund fell short of its target amount. Founder Sean O’Sullivan stated that they had indications the fundraise could close at over $400 million, but faced challenges when Silicon Valley Bank crashed in March 2023. Despite missing the target, SOSV remains a key player in the deep tech investment space.
The fundraise for SOSV’s deep tech fund encountered setbacks when Silicon Valley Bank crashed in March 2023. Despite initial indications that the fundraise could exceed $400 million, the final amount fell short of the target. Founder Sean O’Sullivan remains optimistic about the future of deep tech investments and the role of SOSV in this market.
