SOSV, a Princeton, N.J.-based accelerator venture capital firm, closed its first fund open to external investors, at $150m.
SOSV III was supported by 65 investors including formerly-backed founders and tech executives, major family offices, private foundations and multinational corporations. LPs include the IFC of the World Bank, the Lemelson Foundation, The Russell Family Foundation, and Austin Hearst.
Founded in 1995, SOSV, the Accelerator VC, focuses on investing in early-stage in hardware, life sciences, disruptive food, and China cross-border startups, taking a small stake in any of them and triggering additional $200m follow-on investments into SOSV startups from a large network of VCs.
The accelerators are:
– life sciences – IndieBio (San Francisco) and RebelBio (Cork, Ireland)
– hardware/robotics – HAX (Shenzhen, San Francisco)
– China-cross border Internet/mobile – Chinaccelerator (Shanghai) and MOX (Taipei)
– disruptive food – FOOD-X (New York)
– intelligent city – URBAN-X (New York)
Portfolio companies include MakeBlock, Clara Foods, NextThingCo, FormLabs, Breather, GetAround, Greenblender, Memphis Meats, Harmonix and BitMEX.
Led by founder and managing partner Sean O’Sullivan alongside six investment partners, all of whom come from operating backgrounds building multi-million dollar startups, including three IPOs, SOSV has $300m in assets under management.