Sixty Degree Capital Closes $250 Million

Dec 09, 2023

What they are saying:

Toronto-headquartered Sixty Degree Capital has completed a final close of its third venture fund. The fund earmarks $338 million CAD ($250 million USD) to invest in enterprise software and healthtech startups.

Betakit

My thoughts:

(not financial advice)

🗓️ Final Fund Closures: We're moving towards the last fund closures of the year, marking a pivotal moment for investors and entrepreneurs alike.
💡 AI's Growing Share in VC: AI continues to captivate the investment world, now accounting for 1/4 of all U.S. venture capital. This signifies a strong belief in the potential of AI technologies.
🌟 2023: A Shift Towards AI Vertical Funds: Looking ahead, we anticipate a shift from broad AI funds to more specialized AI vertical funds, indicating a refined approach in AI investment strategies.