The two funds strengthen the firm's ability to invest in exceptional entrepreneurs
NEW YORK--(BUSINESS WIRE)--Greycroft, a leading venture capital firm that invests in industry-changing technology companies, today announced the close of Greycroft VI, a $310 million venture fund with an emphasis on early-stage investments, and Greycroft Growth III, the firm's newest growth-stage fund with more than $368 million of commitments. Across Greycroft’s ten investment vehicles, the firm has raised $2 billion in commitments and has over 200 active investments.
Consistently ranked amongst the most active global venture capital firms, Greycroft invests in exceptional entrepreneurs building category-defining consumer and enterprise software-enabled businesses. As a full life cycle investor, Greycroft uses its thesis-driven approach to identify companies transforming their industries and then invests capital and expertise throughout their growth trajectory. Several of Greycroft’s Growth investments have been sourced directly from its early-stage Venture funds, including Acorns, App Annie, iCertis, Medly, Plated, Scopely, Shipt, and The RealReal, which went public in 2019 at $2.4 billion.
“Greycroft partners with entrepreneurs along their journey, providing capital and expertise to support their vision from seed funding to exit,” said Ian Sigalow, co-founder of Greycroft. “We build long-term relationships with entrepreneurs and have invested more in the past year in a dedicated platform team of C-level operators to support them as they grow.”
Since its founding, Greycroft has been committed to building a diverse firm and investing in companies led by diverse management teams and boards of directors. Greycroft’s team spans four generations and is 55% female, including three partners and one-third of its investment team. A majority of Greycroft's active core investments have board directors who are from historically underrepresented groups in venture capital.
“The best venture capital firms are aligned with founders, and our founders care deeply about diversity, both within their companies and within their cap tables,” said Dana Settle, co-founder of Greycroft. “We know from experience that diverse teams bring significant competitive advantage and should be part of every company’s strategy.”
During the past 14 years, Greycroft has grown from $75 million to $2 billion in capital raised. The firm currently has over 60 active portfolio companies with $100 million-plus valuations, including nine “unicorns” each valued at more than a billion dollars. Greycroft targets investments from $500K up to $50 million in early-stage and high-growth companies, and with a team of over 40 professionals based in New York and Los Angeles, Greycroft invests in companies across the globe. The firm has active investments in 23 states and 15 countries, including Nigeria-based Flutterwave and Yeahka, a mobile payment and SMB lending provider in China that went public in June 2020.
Greycroft is a seed-to-growth venture capital firm that partners with exceptional entrepreneurs to build transformative companies. The firm has deep experience in both consumer and enterprise technology, with a portfolio that spans the globe. Greycroft values building enduring relationships with founders and understands that they want more from investors than just capital. Greycroft has raised $2 billion in commitments and has over 200 active investments. The portfolio includes Acorns, Anine Bing, App Annie, Axios, Bird, BetterCloud, Braintree, Bright Health, Buddy Media, Bumble, Flutterwave, Goop, Happiest Baby, Huffington Post, Icertis, Lightricks, Maker Studios, Medly, Openpath, Scopely, SEMrush, Shipt, TheRealReal, Thrive Market, Trunk Club, Venmo, and Yeahka.
For more information visit, www.greycroft.com.