Thursday, March 3, 2022

M13 Raises $400M Fund

Los Angeles-based venture capital investor M13 announced this morning that it has raised $400M in its third venture capital fund. The company said the fund was oversubscribed, and exceeded its initial $275M target. The company says it is investing in early-stage founding teams, and targeting companies working on the "future of consumer behavior in work, commerce, health, and money." The company's prior investments include Ring, Cue, Daily Harvest, FabFitFun, ClassPass, Matterport, Transfix, and Capsule. M13 say it will lead deals and write up to $15 million Seed to Series B checks.