8VC

Investor - Venture Capital

Overview

8VC is a San Francisco-based venture capital fund. The firm's most recent investments into FinTech came include fellow San Francisco-based Neighborly's $25m Series A round; as well as a $25m venture round in Affinity, a Data & Analytics company.

Country: United States

Founded: 2015

Headquarters: 501 2nd Street Suite 300, San Francisco, CA 94107

Investment Strategy

Geography

  • North America

Sector Focus

  • Institutional Investments and Trading
  • WealthTech
  • InsurTech
  • Infrastructure and Enterprise Software
  • Data and Analytics

Investment Stage

  • Seed
  • Early Stage Venture
  • Later Stage Venture
  • Series A
  • Series C
  • Series D

Summary

8VC was founded in 2015 by serial investor Joe Lonsdale, among others. The firm has made a few notable investments into the FinTech space since its inception, investing exclusively thus far in North American-based companies.

The primary focus has been on InsurTech, as well as WealthTech and Infrastructure & Enterprise Software. The largest funding round the firm’s partricpated in to-date within FinTech was in March 2016, when they took part in HR software firm Asana’s $50m Series C investment, alongside several other VCs.

The firm announced in 2017 they had reached $265m in funding towards their debut venture fund’s $400m target, according to an SEC filing.

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Investments

Date

Name

Size

Round

Co-Investors

Sector

Country

June 2017

Addepar

$140m

Series D

  Valor Equity Partners

Institutional Investments & Trading

United States

May 2017

Affinity

$13.5m

Venture

  Sway Ventures

Data & Analytics

United States

May 2017

Neighbourly

$25m

Series A

  Emerson Collective

WealthTech

United States

May 2017

BenRevo

$0.73m

Convertible Note

Alex Kolicich

InsurTech

United States

October 2016

Ladder

$14m

Series A

  Nyca Partners

InsurTech

United States

August 2016

RiskMatch

$3m

Seed

  Wildcat Venture Partners

InsurTech

United States

March 2016

Asana

$50m

Series C

  Traveon Rogers

Infrastructure & Enterprise Software

United States

Funds Raised

Vintage

Fund Name

Amount

2017

8VC Co-Invest Fund I

$400m

2016

8VC Fund I

$300m

2016

8VC Angel Fund

$50m

Key Employees

Joe Lonsdale
Founding Partner

Alex Kolicich
Founding Partner

Drew Oetting
Founding Partner

Jin-Young Kim
Investor Relations & Partner

Stacey Olson
Director of Finance

Leandra Sivess
Investor Relations