Venture capital fund Team8 has announced the completion of a $365 million fundraising round. This round includes $265 million for Team8 Capital's third fund, as well as over $100 million allocated for follow-on investments in existing portfolio companies. The new fund will focus on seed and Series A stage AI native companies, covering areas such as cybersecurity, AI infrastructure, and fintech, with a particular emphasis on projects that help businesses deploy AI while ensuring security, governance, and control capabilities. Team8's assets under management are now approaching $2 billion. Previously, Team8 has invested in several cryptocurrency and AI companies, including the cryptocurrency institutional wallet developer Curv, the AI compliance platform IVIX, and the AI data loss prevention company Jazz.
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