137 Ventures, a San Francisco, CA-based growth stage, venture capital firm, closed its fourth fund, at $210m.
The fund, backed by institutional limited partners that include leading endowments, foundations, and family offices, aims to continue 137 Ventures’ investment strategy launched in 2011 of investing in capital-efficient, high-growth companies primarily by providing customized liquidity solutions to their founders, investors, and early employees.
The close of the fund brings the firm’s assets under management to more than $1 billion.
Founded by Justin Fishner-Wolfson and S. Alexander Jacobson in 2011, 137 Ventures provides liquidity solutions to founders and early employees of fast-growing, private companies with sustainable competitive advantages. These companies are generally post-Series C and are rapidly scaling with proven business models.
In addition to personalized liquidity solutions, the firm also participates in primary, direct equity-financing rounds.
Across four funds and multiple co-investment vehicles, 137 Ventures has built a portfolio of companies spanning a broad range of sectors. Its largest positions are in SpaceX, Wish, Flexport and Gusto.
In conjunction with the closing event, the firm added Ching Wu as operating partner and head of investor relations and promoted Andrew Hansen to operating partner, COO and CFO.
In addition to the founding partners, the investment team is also comprised of Andrew Laszlo, Elizabeth Weil, Nicholas Procaccini and James Pardee.