Altos Ventures' new fund has completed a $500 million fundraising, aiming to explore fields such as artificial intelligence and blockchain
ChainCatcher news indicates that according to the disclosure documents from the U.S. Securities and Exchange Commission, Altos Ventures has completed a $500 million fundraising for its new fund, focusing on investments in areas such as artificial intelligence, cybersecurity, cloud computing, and blockchain, supporting the next generation of technology disruptors.Altos Ventures has currently invested in over 250 companies, with more than a dozen having gone public or been acquired by public companies. The portfolio includes South Korean e-commerce giant Coupang and the gaming platform Roblox, known as the "first stock of the metaverse." However, Altos Ventures has declined to comment on the fundraising situation related to the new fund.Additionally, according to the Web3 asset data platform RootData, Altos Ventures makes initial investments in startups to capture emerging consumer and business opportunities. Altos Ventures aims to collaborate with management to build world-class companies based on strong operational foundations and attractive unit economics.