- Two Sigma Ventures announced it has closed Two Sigma Ventures III, LP, a $288 million venture capital fund focused on investing in early-stage and data-driven startups
Two Sigma Ventures announced it has closed Two Sigma Ventures III, LP, a $288 million venture capital fund focused on investing in early-stage and data-driven startups across a wide variety of industries. This new fund exceeded its initial fundraising target and is Two Sigma’s first venture capital fund raised primarily from external investors, including a diverse group of endowments, foundations, pensions, etc.
Launched in 2012, Two Sigma Ventures invests in high-growth technology companies that leverage data science and advanced engineering. And to date, Two Sigma Ventures has invested in over 70 companies across enterprise and consumer software, AI-powered applications, infrastructure and developer tools, and data-driven biotech and healthcare. Plus Two Sigma’s broader employee network of over 1,700 data scientists, engineers, and other industry experts provide extensive support to Two Sigma Ventures’ portfolio companies.
“We believe data science and technology are two of the central forces driving breakthroughs in many industries, and that they will be key ingredients in the creation of some of the most important businesses of our lifetime,” said Colin Beirne, Partner at Two Sigma Ventures. “Over the past eight years we’ve seen our thesis of how visionary founders can combine data science and computing to build transformative companies take hold—perhaps even more quickly than we anticipated.”
Currently, Two Sigma Ventures is led by four partners including Colin Beirne, Dan Abelon, Lindsey Gray, and Villi Iltchev. Based in New York City, Two Sigma Ventures invests actively across the U.S. and in select international opportunities. Some of the recent investments include Firedome, NewtonX, Radar, and Terray Therapeutics.
“As part of Two Sigma, we have always believed we could do venture capital differently. We are extremely thankful and humbled to have backed such an incredible group of dedicated and passionate founders and operators over the years, who continue to prove our belief that every industry and sector will be affected by the data revolution,” added Gray.
