Slow Ventures, a San Francisco-based early stage venture capital firm, closed a new $145m fund.
Limited Partners include university endowments and foundations as well as more than 100 technology founders, CEOs, executives, investors and sector experts.
Created more than five years ago by Kevin Colleran, Sam Lessin, Dave Morin, who had worked together in the early days of Facebook, later joined by Will Quist (in November 2015) and new partner Scott Marlette, Slow Ventures has expertise in a wide range of specialties, including product, platform, scaling, engineering, design, finance, marketing and sales to help backed companies grow.
Slow Ventures III, which brings the firm’s total capital under management to nearly $250m, will now focus on investing in early stage tech startups even supporting founders with smaller investments when they are seeking their very first capital. Occasionally, the firm will also work side-by-side with founders to help ideate and co-develop the initial launch of their company from the beginning.
According to a post from the partners, more than half of Slow Ventures III is reserved for follow-on investments as these companies continue to grow during the years to come.
Current investments include Slack, Giphy, Mattermark and Product Hunt.