Key Takeaways
- • A*, the early-stage venture fund managed by Eventbrite co-founder Kevin Hartz and former Coatue partner Bennett Siegel, has closed its third fund at $450 million in committed capital.
- • The fund focuses on early-stage investments, positioning A* as an active participant in the seed and Series A venture ecosystem.
- • The partnership brings together Hartz's operational experience as a successful technology founder with Siegel's institutional investment expertise from his tenure at Coatue Management, a prominent multi-strategy investment firm.
- • This capital raise demonstrates continued institutional appetite for early-stage venture vehicles managed by experienced operators with proven track records in both entrepreneurship and venture capital.
Summary
A*, an early-stage venture capital firm co-led by Kevin Hartz, the co-founder of ticketing platform Eventbrite, and Bennett Siegel, a former partner at investment firm Coatue Management, has successfully closed its third fund with $450 million in commitments. The fund raise underscores the competitive dynamics within the early-stage venture capital market, where investors continue to deploy substantial capital despite broader economic uncertainty.
The partnership between Hartz and Siegel combines complementary skill sets relevant to early-stage investing. Hartz brings operational credibility as the founder of Eventbrite, a publicly traded company, providing direct experience navigating scaling challenges, market development, and corporate governance. Siegel contributes institutional capital-raising expertise and investment acumen developed during his time at Coatue Management, one of the largest and most active venture and growth-stage investors globally.
The successful close of A*'s third fund indicates that institutional limited partners—including endowments, family offices, pension funds, and other capital allocators—continue to allocate to early-stage vehicles managed by experienced teams. This capital deployment reflects confidence in the fund's investment thesis and the proven ability of its managers to identify, support, and scale emerging technology companies during their formative stages.
The partnership between Hartz and Siegel combines complementary skill sets relevant to early-stage investing. Hartz brings operational credibility as the founder of Eventbrite, a publicly traded company, providing direct experience navigating scaling challenges, market development, and corporate governance. Siegel contributes institutional capital-raising expertise and investment acumen developed during his time at Coatue Management, one of the largest and most active venture and growth-stage investors globally.
The successful close of A*'s third fund indicates that institutional limited partners—including endowments, family offices, pension funds, and other capital allocators—continue to allocate to early-stage vehicles managed by experienced teams. This capital deployment reflects confidence in the fund's investment thesis and the proven ability of its managers to identify, support, and scale emerging technology companies during their formative stages.
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