Key Takeaways
- • Bison Ventures, a San Francisco-based venture firm, raised $160 million for its second fund, according to the Wall Street Journal.
- • The fund plans to back 15 to 18 early-stage frontier-technology companies.
- • Bison invests between pre-seed and Series B, writing checks of $1 million to $15 million.
- • The firm's strategy centers on using its investing team's technical expertise to identify and partner with startups that have complex products.
Summary
Bison Ventures has raised $160 million for its sophomore fund, according to a Wall Street Journal exclusive. The San Francisco-based venture firm plans to use the capital to back between 15 and 18 companies, focusing on early-stage frontier-technology startups.
The firm's investment approach relies on the technical know-how of its investing team, which the firm says helps it identify and partner with early-stage companies building complex products. Bison's positioning is aimed at appealing to founders of frontier-technology businesses that require deep technical evaluation before investment.
Bison invests across a range of stages from pre-seed through Series B, with check sizes between $1 million and $15 million. The source article does not provide further detail on fund investors, portfolio companies, or the firm's prior fund performance.
The firm's investment approach relies on the technical know-how of its investing team, which the firm says helps it identify and partner with early-stage companies building complex products. Bison's positioning is aimed at appealing to founders of frontier-technology businesses that require deep technical evaluation before investment.
Bison invests across a range of stages from pre-seed through Series B, with check sizes between $1 million and $15 million. The source article does not provide further detail on fund investors, portfolio companies, or the firm's prior fund performance.
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