Acme Capital Closes $300 Million Fund

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;http&percnt;3A&percnt;2F&percnt;2Facme&period;vc&amp&semi;esheet&equals;52574006&amp&semi;newsitemid&equals;20220204005038&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;ACME&plus;Capital&amp&semi;index&equals;1&amp&semi;md5&equals;562947a4ded3737c96aea7aaeb587787" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">ACME Capital<&sol;a>&comma; an early-stage venture firm&comma; has closed over &dollar;300 million for Fund IV and its adjacent Opportunity Fund&period; The fresh capital will continue to fuel ACME’s model of partnering with founders early in their journeys&comma; supporting their pursuit of game-changing ideas shaping society&comma; business&comma; and the environment&period;<&sol;p>&NewLine;<p>Along with Fund IV&comma; ACME’s largest fundraise to date&comma; ACME has also deployed &dollar;155 million in capital through LP co-investment vehicles over the past year&period; This brings ACME’s aggregate capital commitments to &dollar;1&period;5 billion&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>Additionally&comma; ACME Capital announced two Partner promotions&colon; Alex Fayette and Aike Ho&period; Alex has been with the firm since 2016 and focuses on frontier technology&period; Aike joined the firm in 2017 and has helped lead ACME’s pioneering investments in digital health&period;<&sol;p>&NewLine;<p>ACME was co-founded by Hany Nada and Scott Stanford&period; Prior to forming ACME&comma; Nada co-founded GGV in 2000 and Stanford co-founded Goldman Sachs’ Internet Fund in 2011 and Sherpa Capital in 2013 &lpar;now managed by ACME&rpar;&period; Collectively&comma; the ACME investment team has launched and managed 12 funds throughout their careers&period; ACME began investing from its &dollar;181 million Fund III in 2019&period; ACME’s Fund IV investment strategy will continue to focus on early-stage investments built on the belief that innovation is driven by platform shifts&comma; with each shift fundamentally changing the way we live&comma; learn&comma; and work&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Scale transformation is our cornerstone investment criteria&colon; solving massive challenges&comma; with technology breakthroughs and novel approaches&comma; that aim to benefit society&comma; whether that’s space exploration&comma; quantum computing&comma; medical diagnostics&comma; financial access&comma; or flexible childcare&comma;” said Co-founder and Partner Scott Stanford&period; &OpenCurlyDoubleQuote;We dare our founders to dream big and swing hard&comma; promising them impactful value-add and to be their trusted partner at every step of their journey&comma; from ideation to IPO&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Fund IV reinforces the establishment of the ACME franchise&comma; a team of great investors with a long-proven reputation of delivering excellence to our amazing Founders as well as our Limited Partners&period; The fact that we raised Fund IV in record time is testament to our strategy&comma;” said Co-founder and Partner Hany Nada&period; &OpenCurlyDoubleQuote;We couldn’t be more pleased to welcome long-time teammates Aike and Alex to the Partnership&period; They embody the ACME ethos of deep loyalty and partnership with our portfolio Founders&comma; a relentless work ethic&comma; and humble curiosity&period;”<&sol;p>&NewLine;