Keiretsu Capital, a Seattle-based investment fund manager focused on early-stage technology startups, closed their second co-investment fund today at $4.2 million. The new fund brings their total capital to over $10 million, from over 150 investors around the globe.
Washington state saw over $400 million in early-stage investments last year, and over $100 million so far this year. Many of those investments are in tech and life sciences startups.
So far, the new fund has invested $850,000 in 13 early-stage life science and tech companies, and the remainder of the funds will be dispersed over the next 18 months, according to a release. The fund typically makes 2-3 investments per month following a rigorous appraisal process, said Keiretsu Capital CEO Nathan McDonald.
Keiretsu Capital invests in early stage technology companies, reducing the risk to individual investors that is normally associated with early-stage investments.
“A unique aspect of the fund is that we leverage the talents and expertise of over one-hundred members of our Senior Advisor Network to support the follow on funding and growth of our portfolio companies through all the way to exit” McDonald said in a release.
Keiretsu Capital was founded in 2013 as an affiliate of angel network Keiretsu Forum, which is the second most active venture investing group in the United States. Most of the investors in the new fund are Keiretsu Forum members.
Keiretsu Forum is hosting their Angel Capital Expo on Thursday, August 18. The event brings together hundreds of investors and 15 startups seeking funding at Microsoft’s campus in Redmond, Washington.
Keiretsu Capital’s first co-investment fund closed at over $6 million last year.