AV8 Ventures, a Palo Alto, Calif.-based venture capital firm, launched a $180m second fund.
The vehicle will back and empower entrepreneurs who are commercializing emerging technologies in AI-driven health, mobility and enterprise.
Launched in 2018 with backing from Allianz SE, AV8 Ventures is an early stage focused venture fund that invests in intelligent enterprise, healthcare and fintech/insurtech startups.
Led by George Ugras, Managing Director, AV8 is typically the first institutional investor in its partner companies and provides support to its founding entrepreneurs in establishing product-market fit, developing go-to-market capabilities, and architecting scalable business models.
The firm has invested in 20 companies with a focus on the US since its launch in 2018.