BoxGroup Raises $425M Fund
What they are saying
“New York and San Francisco, quietly closed on $425 million in capital commitments across two new funds: BoxGroup Six, a pre-seed and seed-stage fund, and BoxGroup Picks, its third opportunity fund. Each fund is $212.5 million, partner David Tisch said.”
“Against a backdrop of layoffs and continuing economic uncertainty, the announcements — particularly in such quick succession — are something of a shock. But they point to a few underlying truths about the market right now.
Institutional investors are still interested in venture capital as an asset class; with more rational valuations, they see 2024 as a good time to deploy money into startups; they’re also eager to maintain their relationships with venture firms that have delivered on some of their promises in recent years, especially after getting a bit of a breather in 2023.”
My thoughts
(not financial advice)
🏙️ Insights from numerous VCs indicate a challenging fundraising environment in 2024, even for AI startups.
🤖 Revenue generation will become a crucial criterion for funding decisions..
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