Upfront Ventures Raises More Than $650 Million Across Three Funds
Palo Alto – July 29, 2022 – Cooley advised venture capital firm Upfront Ventures on its fundraise of more than $650 million to be deployed across three unique funds focused on various stages of the startup life cycle – the firm’s seventh early-stage fund, Upfront VII, which closed with $280 million in capital commitments; its third growth-stage fund, Upfront Growth III, with $200 million; and its Continuation Fund, with more than $175 million. Lawyers John Dado and Will Newsom led the Cooley team advising Upfront Ventures.
Upfront VII and Growth III will place a deeper concentration on categories where Upfront Ventures anticipates the most growth and value creation – and the biggest impact – specifically, healthcare and applied biology, defense technologies, computer vision, agtech and sustainability, fintech, consumerization of enterprise software, and gaming infrastructure.
Upfront Ventures was founded in Los Angeles in 1996 and has investing professionals based in Los Angeles and San Francisco. The firm invests about half of its capital in the fast-growing Southern California ecosystem, with the rest invested across the US, as well as in Europe and India.
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