All posts tagged: 630M

Innovation Endeavors closes 0M for Fund V to invest at intersection of science, tech

Innovation Endeavors closes $630M for Fund V to invest at intersection of science, tech

Innovation Endeavors joins other venture capital firms like Thomvest Ventures and Myriad Venture Partners in announcing a new fund. This is the firm’s fifth fund and a whopping $630 million in capital commitments — the firm’s largest fund to date. Eric Schmidt, the former Google CEO, started the firm in 2010 with Dror Berman, Scott Brady and Rick Scalon to invest at the intersection of science and technology. Think climate, intelligent software, engineering health and supply chain. The firm intends to deploy capital into between 30 and 35 companies with this new fund, though it has not made an investment yet, Berman told TechCrunch. Over the past 14 years, the firm has invested in over 70 companies, 12 of which exited, including SoFi, Uber, Astra, Slice and Zymergen. Some recent lead investments include Machina Labs, a mechanical and industrial engineering and manufacturing firm, and BioLoomics, a biotechnology company that develops antibodies for cancer therapies. TechCrunch spoke with Berman and Brady about the new fund, Innovation Endeavors’ evolution and how a diverse pool of talent is …