Slow Ventures Closes Two Funds at $220 Million

Palo Alto – May 7, 2019 – Cooley advised Slow Ventures on the closing of two funds for a combined $220 million, bringing its total assets under management to $450 million. The company raised $165 million for its fourth seed fund, Slow IV, and an additional $55 million for its first opportunity fund, Slow Opportunity I. The Cooley team advising Slow Ventures included John Clendenin, Jimmy Matteucci and Annie Reid.

“With the fresh capital in Slow IV, we’ll stay busy in the startup ecosystem, investing primarily in companies seeking seed-stage financing,” noted Slow Ventures in a news release. “With our first opportunity fund, we’re excited to be able to invest additional capital in existing Slow portfolio companies as they scale, while also now being able to invest alongside notable leading Series B firms in more mature growth-stage companies that we missed earlier on.”

Investing at the center of technology and on the edges of science, society and culture, Slow Ventures gives curious founders the resources, connections, experiences and empathy required to build strong, sustainable companies. With its prior three funds, Slow Ventures invested in industry-leading companies, including Casper, Pillpack, Slack, Ro(Roman), Allbirds, Postmates, Airtable and many others.

Cooley also recently sponsored Slow Ventures’ Life Capital Conference – an intimate event attended by venture capitalists, entrepreneurs, regulators, academics and writers, which focused on driving the discussion on how people should allocate their time and money towards education, specifically addressing financing models such as traditional loans versus other options like income share agreements. 

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Related Contacts
John Clendenin Partner, Palo Alto
Jimmy Matteucci Associate, Palo Alto
Annie Reid Paralegal Specialist, Palo Alto