The venture capital firm Theory Venture, focused on artificial intelligence and Web3, has completed fundraising of $450 million for its new fund

ChainCatcher news, according to Businesswire, the venture capital firm Theory Venture, which focuses on early software investments in the fields of data, artificial intelligence, and Web3, announced that after launching its first fund of $238 million in April 2023, it has completed fundraising of $450 million for its second fund, which will further expand support for innovators.

The new fund will focus on three areas: data analytics, artificial intelligence as a new platform, and decentralized infrastructure as a database. Since launching its first fund, Theory has led investments in companies such as Context.ai, Initia, Superlinked, and Tobiko Data, and has opened a new office in San Francisco.