Cowboy Ventures has recently announced their decision to go bigger with $260M across two new funds, including an opportunity fund.
Cowboy Ventures is a seed-stage venture capital firm with a portfolio of startups that are typically developing software or hardware or infrastructure-as-a-service. The firm focuses on early-stage investments, and specializes on scaling startups such as Digit, Kasp, and Omni.
The new funds will be an addition to their existing $100 million dollar fund, and will target different sectors with a focus on early-stage investments. The first fund, the $120 million dollar Opportunity fund, will be used to invest in promising early-stage companies. This fund will span multiple sectors and will focus on backing SaaS and infrastructure-as-a-service companies, retail and CPG technology, and artificial intelligence and machine learning.
The second fund, a $140 million dollar Expansion fund, will be focused on later-stage opportunities and will help startups expand and scale, while providing Cowboy Ventures portfolio companies the chance to raise more money. This fund is designed to help companies grow and bridge the gap between seed-stage and later stage investments.
Cowboy Ventures is excited about the investment opportunities that the new funds present. This is the first time that the firm is devoting resources to later-stage investments, and the funds will be used to increase the range of investments and options for their existing portfolio of companies.
In closing, Cowboy Ventures is thrilled to be able to expand and increase the range of investment opportunities for their portfolio of startups. The new $260 million dollar fund is a testament to the firm’s commitment to providing early-stage startups with the resources and financial capital needed to succeed.
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