8VC

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8VC
IndustryVenture capital
Founded2015; Template:Years or months ago (2015)
Founder(s)Joe Lonsdale

8VC is an American venture capital firm based in San Francisco that invests in early-stage startups. 8VC was founded in 2015 by several entrepreneurs including Joe Lonsdale,[1] with the goal of investing in startups building new solutions in industries beset by legacy, inefficient technological processes.

The firm's mantra is: "The world is broken; let's fix it."[2]

History

8VC was founded by a group of Silicon Valley veterans and members of PayPal Mafia in 2015.[3] It has offices in San Francisco and Menlo Park, California. In 2016, the firm raised a $425 million fund.[4] In April 2018, 8VC raised a second $640 million fund followed by another $640 million fund in 2020.[5][6] The firm invests in a variety of verticals, including logistics, healthcare, fintech, enterprise software, and biotechnology.[7] 8VC is one of the most active logistics investors in the industry, including an annual summit in Napa.[8]

Many of the companies partners, including Lonsdale and Kimmy Scotti,[9] were entrepreneurs themselves before joining 8VC.

In 2020, 8VC relocated its headquarters from San Francisco to Austin.[10]

Investments

8VC invests in seed and series A stage companies that use technology to solve important global problems,[11] and has an initial investment focus on enterprise software, consumer mobile, and consumer internet.[12] 8VC has invested in over 20 companies in the past 3 years including Oscar Health,[13] Resilience,[14] Joby Aviation,[15] Asana,[16] Blend,[17] Addepar,[18] Sila,[19] Honor,[20] The Boring Company.[21]

Most notable investments by sector:

See also

References

Template:Ref-list

External links

Template:Private equity and venture capital Template:Source Wikipedia

  1. "Joe Lonsdale at 8VC website". https://8vc.com/team/joe-lonsdale.
  2. "8VC has closed its second early-stage fund, seemingly with an eye on logistics and biotech" (in en-US). https://social.techcrunch.com/2018/04/23/8vc-has-closed-its-second-early-stage-fund-seemingly-with-an-eye-on-logistics-and-biotech/.
  3. "Lessons from Peter Thiel". https://medium.com/8vc-news/lessons-from-peter-thiel-b4fb0851f64e.
  4. Connie Loizos. "Joe Lonsdale moves forward with 8VC's new fund and more". https://techcrunch.com/2017/01/16/joe-lonsdale-moves-forward-with-8vcs-new-fund-and-more/.
  5. Dan Primack. "Scoop: 8VC raises $640 million for new fund". https://www.axios.com/8vc-raises-640-million-for-1524492795-48e19b96-d4c3-4cb2-9e94-b2838e93cff7.html.
  6. Chernova, Yuliya (2018-04-23). "Joe Lonsdale’s 8VC Closes $640 Million Fund" (in en-US). Wall Street Journal. ISSN 0099-9660. https://www.wsj.com/articles/joe-lonsdales-8vc-closes-640-million-fund-1524508834.
  7. "8VC To Raise $640M for Third Fund". https://www.finsmes.com/2020/02/8vc-to-raise-640m-for-third-fund.html.
  8. "Pitchbook names 8VC most active freight tech investor" (in en-US). 2020-08-27. https://www.freightwaves.com/news/pitchbook-names-8vc-most-active-freight-tech-investor.
  9. Gross, Elana Lyn. "How This Female Venture Capitalist Chooses Companies To Fund" (in en). https://www.forbes.com/sites/elanagross/2018/02/19/how-this-female-venture-capitalist-chooses-companies-to-fund/.
  10. Levy, Ari (2020-11-06). "Why Palantir co-founder Joe Lonsdale is leaving Silicon Valley" (in en). https://www.cnbc.com/2020/11/06/palantir-co-founder-joe-lonsdale-leaving-silicon-valley.html.
  11. "8VC - Our Values". https://joelonsdale.com/news/8vc-our-values/.
  12. "8VC Portfolio Companies". https://8vc.com/companies/.
  13. "Oscar Health, Josh Kushner's health insurance start-up, raises $165 million from Alphabet and others". March 27, 2018. https://www.cnbc.com/2018/03/27/oscar-health-raises-165-million-at-3-point-2-billion-alphabet-founders.html.
  14. "Resilience raises over $800 million to transform pharmaceutical manufacturing in response to COVID-19". November 23, 2020. https://techcrunch.com/2020/11/23/resilience-raises-over-800-million-to-transform-pharmaceutical-manufacturing-in-response-to-covid-19/.
  15. "Joby Aviation Secures $100M in Series B Funding to Make Electric Vertical Take-off and Landing Transportation a Reality". February 1, 2018. https://www.businesswire.com/news/home/20180201005422/en/Joby-Aviation-Secures-100M-Series-Funding-Electric.
  16. "Al Gore Buys Into Facebook Co-Founder's Vision for a Better Workplace". January 31, 2018. https://www.bloomberg.com/news/articles/2018-01-31/al-gore-buys-into-facebook-co-founder-s-vision-for-a-better-workplace.
  17. "Blend Raises $75M at Nearly $1.7B Valuation". August 12, 2020. https://www.prnewswire.com/news-releases/blend-raises-75m-at-nearly-1-7b-valuation-301111036.html?tc=eml_cleartime.
  18. "WealthTech firm Addepar raises $117M in Series E funding". November 19, 2020. https://ibsintelligence.com/ibsi-news/wealthtech-firm-addepar-raises-117m-in-series-e-funding/.
  19. "Daimler Leads $170M Financing in Sila Nanotechnologies". April 16, 2019. https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/daimler-leads-170m-financing-in-sila-nanotechnologies.
  20. "Honor Secures $140 Million to Fuel Growth and Advance Home Care Industry". October 27, 2021. https://news.yahoo.com/honor-secures-140-million-fuel-170000214.html?guccounter=1.
  21. "Elon Musk's Boring Company snags $120 million in new funding". July 26, 2019. https://techcrunch.com/2019/07/25/elon-musks-boring-company-snags-120-million-in-new-funding/.
  22. "8VC bringing logistics expertise to industry wary of venture approach". May 22, 2019. https://www.joc.com/technology/8vc-bringing-logistics-expertise-industry-wary-venture-approach_20190522.html.
  23. Sternlicht, Alexandra. "Deliverr Raises $170 Million To Scale An Affordable Alternative To Amazon Prime" (in en). https://www.forbes.com/sites/alexandrasternlicht/2021/03/03/deliverr-raises-170-million-to-scale-an-affordable-alternative-to-amazon-prime/.
  24. "Elon Musk’s Boring Company snags $120 million in new funding" (in en-US). https://social.techcrunch.com/2019/07/25/elon-musks-boring-company-snags-120-million-in-new-funding/.
  25. "Joby Aviation Secures $100M in Series B Funding to Make Electric Vertical Take-off and Landing Transportation a Reality" (in en). 2018-02-01. https://www.businesswire.com/news/home/20180201005422/en/Joby-Aviation-Secures-100M-in-Series-B-Funding-to-Make-Electric-Vertical-Take-off-and-Landing-Transportation-a-Reality.
  26. "Illumio raises $65 million, J.P. Morgan Asset Management leads round". February 7, 2019. https://www.reuters.com/article/us-cyber-funding-illumio-idUSKCN1PW24Y.
  27. "Clearbanc raises $70M to give startups ad money for a rev share". November 12, 2018. https://techcrunch.com/2018/11/12/clearbanc/.
  28. Gould, Joe (2020-12-17). "Counter-drone startup Epirus raises $70M, plans to hire 100 people" (in en-US). https://www.defensenews.com/2020/12/17/counter-drone-startup-epirus-raises-70m-plans-to-hire-100-people/.
  29. Gould, Joe (2020-12-17). "Counter-drone startup Epirus raises $70M, plans to hire 100 people" (in en-US). https://www.defensenews.com/2020/12/17/counter-drone-startup-epirus-raises-70m-plans-to-hire-100-people/.
  30. "8vc nyt - Google Search". https://www.google.com/search?client=safari&rls=en&q=8vc+nyt&ie=UTF-8&oe=UTF-8.
  31. "Resilience raises over $800 million to transform pharmaceutical manufacturing in response to COVID-19" (in en-US). https://social.techcrunch.com/2020/11/23/resilience-raises-over-800-million-to-transform-pharmaceutical-manufacturing-in-response-to-covid-19/.


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