According to regulatory authorities, the 8VC, a venture company led by Palantir founder Joe Lonsdale, is seeking nearly $ 1 billion funds for the sixth fund.
Austin -based company's latest funds are aiming to increase by nearly 14 % of the 880 million dollar flagships closed in February 2023. Techcrunch contacted the company for comments.
According to PitchBook data, 8VC has been invested in more than 600 companies, including ASANA, Flexport, HERS, and Elon Musk's The Borring Company since its establishment 10 years ago. However, considering the roots of Lonsdale's defense, the investment in the sector has attracted the most attention.
In 2022, 8VC was a Salonic seed investor, a robot boat drone manufacturer that could collect monitoring and reconnaissance. Since then, the company has closed two rounds and is currently in consultation to raise $ 500 million with a $ 3 billion evaluation.
Other 8VC's other defense technical investment includes Overland AI, a startup that develops self -driving cars for defense and national security applications. When Overland raised a $ 32 million series A earlier this month, Longdale told AXIOS and the company was in a “next great defense prime.”
Another major focus on the company is Health Tech and Life Science, which represents more than one -quarter of 8VC transactions, including Biotechnology Senti Bio and VIR.
Lonsdale moved 8VC in 2020 from Silicon Valley to Austin in 2020. Because he felt that the city was tolerant of “ideology diversity.”
Lonsdale is not a member of PayPal Mafia, but he was a company intern during the two summer. Later, he worked as an executive of Clarium Capital, currently abolished hedge fund established by Peter Tiel.
In addition to the establishment of Palantir, LonSDALE co -founded the Wealth Management and Investment Software Company's addupar and gained $ 250 million in previous ratings before $ 3.25 billion.