Section 32, a venture firm founded by ex-Google Ventures CEO Bill Maris, has closed on $525 million in capital commitments across its fifth fund, TechCrunch is first to report.
A portion of the capital will go toward early-stage investments, while the remaining will be reserved for follow-on opportunities.
The Palo Alto, California firm, which now has $2.3 billion in assets under management, has seen a number of notable exits over its six-year history. It invested in a number of startups that eventually went on to become publicly traded companies, including CrowdStrike, which went public in 2019; Coinbase, which made its public debut in 2021; and …
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