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Greycroft, a self-proclaimed “seed-to-growth” venture capital firm, today announced the closing of over $1 billion in capital commitments in new funds.
The company’s two main vehicles, Greycroft Partners VII and Greycroft Growth IV, have closed more than $980 million, according to co-founder and managing partner Dana Settle – funds used to invest in early-stage and growth-stage enterprise and consumer businesses.
“Greycroft’s Bicoastal Foundation in Los Angeles and New York has given us unique access and insight into technological advances that are advancing emerging themes and reshaping industries at the intersection of culture and business,” Settle said in a sealed statement. “Our investment approach is the same, identifying companies that can find new applications for next-generation technology and helping them at a critical time in the market.”
In Settle, Ian Sigalou and Alan Patrikoff in 2011 The firm targets investments from $500,000 to $50 million in early-stage and high-growth companies globally and is present in nearly 20 countries.
Greycroft’s growth funds allow for investments in growth-stage deals, with commitments ranging from $10 million to $35 million. Meanwhile, the venture fund invests between $100,000 and $5 million in initial checks.
Greycroft previously closed about $700 million ($678 million) in two funds, Greycroft VI ($310 million) and Greycroft Growth III ($368 million), which brought its total capital to $2 billion. Since 2006, the company has grown from $75 million to $3 billion in capital commitments and partnered with more than 250 portfolio companies.
“We are witnessing a once-in-a-generation industry shift, driven by the advancement of artificial intelligence and the continued demand for products,” Sigalou said in a press release. We’ve been here before and are excited to see the new innovations and entrepreneurs we think will emerge from this transformative period.
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