Seven Seven Six Raises Two Funds, Totalling over $500M

Seven Seven Six

Seven Seven Six ( 776 Management), the venture capital firm founded by Alexis Ohanian, raised two new funds, totalling over $500m.

The newly launched Funds II include:

  • an early stage-focused $300mvehicle, and
  • a $200m fund that will invest in Series A and B funding rounds. 

The new vehicles will mainly invest in Crypto focused startups.

776 Management, led by Reddit co-founder Alexis Ohanian, has approx. 40% of its portfolio dedicated to crypto investments, including Axie Infinity, Lolli and CoinTracker.

The new vehicles bring the firm’s total assets under management to $750m.

Along with Ohanian, who was one of the early backers of Coinbase, the team includes:

  • Katelin Holloway, Founding Partner
  • Lissie Garvin, Founding Chief of Staff
  • Cristina Apple Georgoulakis, Operating Partner 
  • Hiram Vazquez, Operating Partner
  • Travis Mason, Operating Partner

FinSMEs

02/02/2022