Think+ Holds First Close of $30M Fund II

Safa Rashtchy, Managing Director, Think+

Think +, a Silicon Valley based venture capital firm, closed the first close of its $30m Fund II.

Fund II has received interest from investors based on the solid performance of Fund I, which has produced two unicorns and an exit in about 3 years, with returns that place it well above the 1% of the 2017 cohort. The firm expects the final close of Fund II in the fourth quarter of 2021. 

The vehicle invests in startups in the following areas:
– Commerce Ecosystem: Smart Logistics; Aggregated/Automated Delivery Systems; Customer service and Communication Platforms;
– Digital Health and Fitness: Digital Therapeutics, Remote Monitoring, Drug Discovery, Diagnostics, Women’s Health, and Remote Fitness;
– FinTech: DeFi; Next Gen banking and credit platforms, BNPL and B2B lending
– Enterprise Cloud: Collaborative tools; Data Platforms, Informatics,
– Ed-Tech: Re-training, Learning Management Systems (LMS) 2.0.

Led by Safa Rashtchy, Managing Director, Think+ has already made two investments out of Fund II including: Serve, an advanced autonomous delivery robot, and Kritik, which aims to transform college students into critical thinkers through peer-to-peer assessments.

Fund I Investment highlights include ApplyBoard, Lily AI, Signifyd, Properly, Tubi, PayJoy, Perch, Blendid, OneConcern Contilio, Boxbot, Tumeke, Aikon, Qventus, OpenGov, Medrio, AngelList, Snapwire, AxGen, and Genalyte.