8VC raises $880M in new fund that aims ‘to fix a broken world’

Austin-based venture firm 8VC, led by controversial Palantir founder Jon Lonsdale, has raised $880 million in its fifth fund.
In a blog post published today, Lonsdale — who serves as 8VC’s general partner — said that his firm’s mission is “to fix a broken world.”
While he did not specify which industries the new fund would target or average check size, Lonsdale did reveal that 8VC now manages “over $6 billion in committed capital” and that it plans to invest “at every stage,” as well as build companies itself. He also shared that the 8VC team has grown to more than 60 people.
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