BEAM28 Apr, 2019
SOSV, the multi-stage venture capital firm has raised over $218 million for it's 4th fund, surpassing the previous fund of $150 million.
The new fund will be focused on investing in technology startups across the world.
The company aims to continue it's current practice of investing via accelerators, with the smallest check at $100,000 for software startups, and up to $250,000 for hardware and life sciences startups.
Up to $2 million will be invested across multiple rounds for the top performing companies.
SOSV partner Daniel Eichner explains that SOSV aims for 8% - 16% percent ownership at the accelerator phase, then looks to either establish or maintain a 15% stake in the top 20% - 30% of its companies.
SOSV is set to continue fundraising until the year end, with a target of $250 million in total for the fund.