Two Sigma Ventures, a venture firm focused on early-stage companies, announced Wednesday that it raised $400 million across its two funds.
Two Sigma Ventures will use the two funds to invest in companies that use data and technology for social advancement, according to a company release. The firm raised 85% of the $400 million from external investors like college endowments, non-profit foundations and pension funds. Senior employees and partners at Two Sigma provided the remaining 15%.
In addition to crypto and DeFi, Two Sigma Ventures invests in early-stage firms in software-as-a-service and fintech, among other areas.
Two Sigma Ventures is the venture arm of Two Sigma, a New York-based financial sciences firm. Two Sigma has over $60 billion worth of assets under management, according to the firm’s website.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.