8VC, a Venture company led by the founding father of Palantir Joe Lonsdale, is looking for almost $ 1 billion for the sixth fund, in accordance with regulatory notification.
The company’s latest fund based in Austin is aimed at collecting almost 14% greater than the previous flagship vehicle price $ 880 million, which was closed in February 2023. TechCrunch contacted the company for a comment.
Since its establishment, 8VC has invested in over 600 firms, including Asana, Flexport, Him and Her, and The Boring Company by Elon Musk. However, given the Lonsdale defense roots, the company’s investments in the sector attracted the biggest comments.
In 2022, 8VC was an investor of seeds in Saronic, a producer of robotic boat drones, which may also accumulate supervision and recognition. Since then, the company has closed two rounds and is currently in talks about a meeting of $ 500 million with a valuation of $ 3 billion, Forbes reported.
Other 8VC defense technological investments include Overland AI, a startup that develops autonomous vehicles for defense and national security applications. When Overland collected a series A in the amount of $ 32 million at the starting of this month, Lonsdale told Axios that the company is in a position to turn into “another great best defense.”
Another large area of the company’s concentration is health technology and natural sciences, representing over a quarter of 8 VC transactions, including currently publicly traded BIO -BIO and VIR.
Lonsdale moved 8 VC from the Silicon Valley to Austin in 2020, because he believed that the city was more tolerant “on”Ideological diversity.“
Although Lonsdale is not technically a member of the PayPal mafia, he was an intern in the company for two years. Then he worked as a director at Clarium Capital, a now not existing hedge fund founded by Peter Thiel.
In addition to the founding father of Palantir, Lonsdale co -founders(*1*) pre -center valuation price $ 3.25 billion.