Team8 Secures $365 Million for Venture Fund and Startup Investments
Summary
Team8 announced $365 million in additional capital: $265 million for its third fund and $100 million for portfolio investments. The venture firm backs startups across sectors including cybersecurity and AI.
Key points
- Team8 said $265 million will go to Team8 Capital’s third fund, with another $100 million for investments in portfolio startups.
- The firm said its assets under management are now close to $2 billion.
- Team8 incubates and funds early-stage companies, including cybersecurity startups.
- Cybersecurity firms it says received funding this year include Frame Security, Act Security, Mate Security, Jazz, Fig Security, Astelia, and Lema AI.
- Team8 said its current focus is on AI.
Article Details
- Event Type
- Venture capital funding announcement
- Impact
- Team8 announced $365 million in additional capital: $265 million for Team8 Capital’s third fund and $100 million for investments in portfolio startups. The funding brings Team8’s assets under management to close to $2 billion.
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CybersecurityIt uses a venture-creation model to co-found and support startups spanning cybersecurity, AI, fintech, and digital health.digital healthIt uses a venture-creation model to co-found and support startups spanning cybersecurity, AI, fintech, and digital health.fintechIt uses a venture-creation model to co-found and support startups spanning cybersecurity, AI, fintech, and digital health.