Industry | Venture Capital |
---|---|
Founded | 2011 |
Headquarters | San Francisco |
Key people | Garry Tan Managing Partner Harjeet Taggar Founder Alda Leu Dennis General Partner Jen Wolf COO |
Website | initialized |
Initialized Capital is a venture capital fund founded in 2011 and headquartered in San Francisco. It was founded by Alexis Ohanian and Garry Tan.[1]
As of 2019, it has raised more than $500 million in funds.[2] Multiple investments have become "unicorns" valued above $1 billion, including Coinbase, Ro, Blend, Rippling, Cruise Automation and Instacart.[3][4]
History
Initialized raised $7 million in its first fund. In February 2012, it filed its Form D notice of exempt offering of securities.[citation needed] It raised $39 million in its second fund on August 2013.[5]
In 2013, Initialized Capital became an early investor in Coinbase, wiring the cryptocurrency app's founder Brian Armstrong $200,000.[6] Garry Tan left Y Combinator in 2015 to focus on Initialized full time.[6]
On June 7, 2016 the firm announced a $100M target for its third fund and then closed $125 million.[7]
In late 2018, it raised a $225 million fund, the company's fourth and largest.[2][8]
In June 2020, Ohanian ended his role as Managing Partner at Initialized.[9]
In August 2020, the firm raised $230 million, the company's fifth and largest round.[9]
Recognition
In 2019, Garry Tan was listed at #21 on the Forbes Midas List.[10]
See also
References
- ^ "SEC FORM D/A". Sec.gov. Retrieved March 6, 2016.
- ^ a b Geron, Tomio (October 2, 2018). "Initialized Capital Raises $225 Million for Fourth Fund". WSJ. WSJ. Retrieved August 15, 2019.
- ^ O'Brien, Sara Ashley (October 2, 2018). "Alexis Ohanian's VC firm raises new $225M fund | CNN Business". CNN.
- ^ https://www.bloomberg.com/news/articles/2020-08-14/vc-firm-initialized-raises-230-million-for-early-stage-deals[bare URL]
- ^ "Initialized Capital Closes Second Seed Fund at $39.2M". Pevc.dowjones.com. Retrieved March 13, 2016.
- ^ a b Konrad, Alex (July 9, 2018). "At Initialized Capital, Odd Couple Alexis Ohanian And Garry Tan Look To Do VC Differently". Forbes. Retrieved August 15, 2019.
- ^ Yeung, Ken (October 24, 2016). "Initialized Capital raises $115 million for its third fund". Venture Beat. Venture Beat. Retrieved August 15, 2019.
- ^ Geron, Tomio (2018-10-02). "Initialized Capital Raises $225 Million for Fourth Fund". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-03-04.
- ^ a b "VC Firm Initialized Raises $230 Million for Early-Stage Deals". bloomberg.com. 14 August 2020.
- ^ "Newcomers To The 2019 Midas List: Who Cracked The Ranks Of Best VCs In The World". Forbes. April 2, 2019. Retrieved August 14, 2019.