A* Capital has announced the closing of its $450 million Fund III, aimed at early-stage investments. The fund will focus on various sectors including AI, fintech, healthcare, and security.
A* Capital, founded by Kevin Hartz and Bennet Siegel, has launched its $450 million Fund III, which will average check sizes between $3 million and $5 million. The firm plans to invest in at least 30 startups over the next two to three years. Limited partners for the fund include nonprofits, foundations, and endowments. A* Capital previously raised $315 million for Fund II in 2024 and $300 million for Fund I in 2021.