Greycroft secured capital commitments worth $980M for two funds: early-stage-focused Greycroft Partners VII, and growth-stage-focused Greycroft Growth IV.
The firm intends to invest in consumer and enterprise startups.
- Individual check sizes will range from $1M for pre-seed rounds to over $50M for growth-stage deals.
- The New York- and Los Angeles-based VC firm has raised over $3B from investors to date.
- Co-founder
Dana Settle said that the firm's "bicoastal foundation in Los Angeles
and New York has given us unique access and insights to the
technological advancements that drive emerging themes and reshape
industries at the intersection of culture and business."
- The firm has backed over 250 startups to date, most notably Acorns, Arthur AI, Fetch, Flutterwave, Scopely, Semrush, and Yeahka.
- Greycroft's successful exits include Scopely, Bumble, Axios, The RealReal, and Segment.
- Settle
remained optimistic about the VC industry despite the gloomy current
investment climate, adding that it is "an incredible cycle" to invest
in.
- The firm recently hired former Carlyle Group executive Kevin Gasque as chief financial officer and chief operations officer.
