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8VC

From EverybodyWiki Bios & Wiki
8VC
Private
ISIN🆔
IndustryVenture capital
Founded 📆2015; 6 years ago (2015)
Founder 👔Joe Lonsdale
Headquarters 🏙️,
Austin, Texas
,
Area served 🗺️
United States
Key people
Joe Lonsdale
Products 📟 Investments
Members
Number of employees
🌐 Website8vc.com
📇 Address
📞 telephone

8VC is an American venture capital firm based in San Francisco that invests in early-stage startups. 8VC was founded in 2015 by several entrepreneurs including Joe Lonsdale,[1] with the goal of investing in startups building new solutions in industries beset by legacy, inefficient technological processes.

The firm's mantra is: "The world is broken; let's fix it."[2]

History[edit]

8VC was founded by a group of Silicon Valley veterans and members of PayPal Mafia in 2015.[3] It has offices in San Francisco and Menlo Park, California. In 2016, the firm raised a $425 million fund.[4] In April 2018, 8VC raised a second $640 million fund followed by another $640 million fund in 2020.[5][6] The firm invests in a variety of verticals, including logistics, healthcare, fintech, enterprise software, and biotechnology.[7] 8VC is one of the most active logistics investors in the industry, including an annual summit in Napa.[8]

Many of the companies partners, including Lonsdale and Kimmy Scotti,[9] were entrepreneurs themselves before joining 8VC.

In 2020, 8VC relocated its headquarters from San Francisco to Austin.[10]

Investments[edit]

8VC invests in seed and series A stage companies that use technology to solve important global problems,[11] and has an initial investment focus on enterprise software, consumer mobile, and consumer internet.[12] 8VC has invested in over 20 companies in the past 3 years including Oscar Health,[13] Resilience,[14] Joby Aviation,[15] Asana,[16] Blend,[17] Addepar,[18] Sila,[19] Honor,[20] The Boring Company.[21]

Most notable investments by sector:

  • Logistics: Flexport,[22] Deliverr[23]
  • Transportation: The Boring Company,[24] Joby Aviation[25]
  • Health Care: Oscar Health, Guardant Health, Acutus Medical
  • Enterprise Software: Asana, Illumio,[26] project44
  • Artificial Intelligence: Outrider; Digital Surgery; Digital Diagnostics
  • Financial Services: Addepar, Aspiration, Bestow, Clearbanc[27]
  • Defense: Anduril,[28] Epirus[29]
  • Biotechnology: Synthego[30], Resilience[31]

See also[edit]

References[edit]

  1. "Joe Lonsdale at 8VC website".
  2. "8VC has closed its second early-stage fund, seemingly with an eye on logistics and biotech". TechCrunch. Retrieved 2021-04-07.
  3. "Lessons from Peter Thiel". medium.com.
  4. Connie Loizos. "Joe Lonsdale moves forward with 8VC's new fund and more". TechCrunch. Retrieved March 12, 2021.
  5. Dan Primack. "Scoop: 8VC raises $640 million for new fund". Axios. Retrieved March 12, 2021.
  6. Chernova, Yuliya (2018-04-23). "Joe Lonsdale's 8VC Closes $640 Million Fund". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-04-07.
  7. "8VC To Raise $640M for Third Fund". finsmes.com. Retrieved March 12, 2021.
  8. "Pitchbook names 8VC most active freight tech investor". FreightWaves. 2020-08-27. Retrieved 2021-04-07.
  9. Gross, Elana Lyn. "How This Female Venture Capitalist Chooses Companies To Fund". Forbes. Retrieved 2021-04-07.
  10. Levy, Ari (2020-11-06). "Why Palantir co-founder Joe Lonsdale is leaving Silicon Valley". CNBC. Retrieved 2021-04-07.
  11. "8VC - Our Values". Retrieved March 12, 2021.
  12. "8VC Portfolio Companies". 8vc.com. Retrieved March 12, 2021.
  13. "Oscar Health, Josh Kushner's health insurance start-up, raises $165 million from Alphabet and others". CNBC. March 27, 2018.
  14. "Resilience raises over $800 million to transform pharmaceutical manufacturing in response to COVID-19". Techcrunch. November 23, 2020.
  15. "Joby Aviation Secures $100M in Series B Funding to Make Electric Vertical Take-off and Landing Transportation a Reality". businesswire.com. February 1, 2018.
  16. "Al Gore Buys Into Facebook Co-Founder's Vision for a Better Workplace". Bloomberg News. January 31, 2018.
  17. "Blend Raises $75M at Nearly $1.7B Valuation". August 12, 2020.
  18. "WealthTech firm Addepar raises $117M in Series E funding". November 19, 2020.
  19. "Daimler Leads $170M Financing in Sila Nanotechnologies". April 16, 2019.
  20. "Honor Secures $140 Million to Fuel Growth and Advance Home Care Industry". Yahoo. October 27, 2021.
  21. "Elon Musk's Boring Company snags $120 million in new funding". Techcrunch. July 26, 2019.
  22. "8VC bringing logistics expertise to industry wary of venture approach". May 22, 2019.
  23. Sternlicht, Alexandra. "Deliverr Raises $170 Million To Scale An Affordable Alternative To Amazon Prime". Forbes. Retrieved 2021-04-07.
  24. "Elon Musk's Boring Company snags $120 million in new funding". TechCrunch. Retrieved 2021-04-07.
  25. "Joby Aviation Secures $100M in Series B Funding to Make Electric Vertical Take-off and Landing Transportation a Reality". www.businesswire.com. 2018-02-01. Retrieved 2021-04-07.
  26. "Illumio raises $65 million, J.P. Morgan Asset Management leads round". February 7, 2019.
  27. "Clearbanc raises $70M to give startups ad money for a rev share". Techcrunch. November 12, 2018.
  28. Gould, Joe (2020-12-17). "Counter-drone startup Epirus raises $70M, plans to hire 100 people". Defense News. Retrieved 2021-04-07.
  29. Gould, Joe (2020-12-17). "Counter-drone startup Epirus raises $70M, plans to hire 100 people". Defense News. Retrieved 2021-04-07.
  30. "8vc nyt - Google Search". www.google.com. Retrieved 2021-04-07.
  31. "Resilience raises over $800 million to transform pharmaceutical manufacturing in response to COVID-19". TechCrunch. Retrieved 2021-04-07.

External links[edit]


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