Theory Ventures has raised $450 million for its second fund, according to securities filings viewed by Fortune.
The firm was started in 2023 by Tomasz Tunguz, a former managing director at venture capital firm Redpoint. Tunguz made his name at Redpoint with investing wins like data analytics company Looker—sold to Google-parent Alphabet for $2.6 billion in 2019—and customer service software startup Kustomer, acquired by Facebook-parent Meta in 2020 for a reported $1 billion.
This second fund of $450 million is a major step up from last year’s first fund of $230 million. To date, Tunguz and Theory’s investments include data infrastructure platform Allium, blockchain infrastructure company Initia (last valued at $350 million), and open source data operations startup Tobiko.
Theory describes itself as a “theory-driven” firm, and tends to invest in enterprise software, AI, crypto, and data tools. Among the early VC bloggers with a substantial social media following, Tunguz co-wrote a book called Winning with Data in 2016.
Theory Ventures declined comment.
See the full agenda here, or request your invitation.
Fortunately, Roku only sells one streaming device that doesn't support 4K output. …
These big life decisions will determine just how well you retire. Source link
GDP is up as Jim discussed. Consumption flat, personal income ex-transfers down. Nominal consumption and…
The full analyst Q&A from Strategy’s (MSTR) Q3 2026 earnings call. Phong Le and Michael…
With a net worth of $222 billion, Mark Zuckerberg is one of the richest people…
The seemingly endless gusher of capital that’s been showered on Silicon Valley during the AI…