Corporate Leadership
Cisco-Backed Acrew Capital Has $680 Million in New Venture Funds
- New late-stage investment fund dedicated to diverse groups
- Acrew team has backed Chime, Coinbase, Discord, Gusto
Acrew Capital co-founders Asad Khaliq, from left, Theresia Gouw, Lauren Kolodny, Vishal Lugani and Mark Kraynak.
Source: Acrew
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Acrew Capital is getting into late-stage investing with a new $300 million diversity-focused investment fund.
The firm, whose team has invested in Coinbase Global Inc. and Discord Inc., has also raised an additional $380 million early stage fund. With the new funds, Acrew now has close to $1 billion under management, the company said in a statement provided to Bloomberg News.