Friday, April 28, 2023

Greycroft Raises Almost $1 Billion In Two New Funds

Los Angeles- and New York-based venture investment fund Greycroft said this week that it has raised close to $1 billion in two new funds, raising its total under management to over $3 billion. According to the firm, its two new flagship funds, Greycroft Partners VII and Greycroft Growth IV, closed on over $980 million in commitments. The company said it will continue to invest in early and growth-stage enterprise and consumer businesses. Dana Settle, co-founder and Managing Partner at the firm, said in a statement that the firm's "foundation in Los Angeles and New York has given us unique access and insights to the technological advancements that drive emerging themes and reshape industries at the intersection of culture and business".