Kevin Hartz's A* closes third fund with $450M

Venture capital firm A* Capital, co-founded by serial entrepreneur Kevin Hartz, has announced the successful closure of its third fund, raising $450 million. This new fund will adopt a generalist investment strategy, targeting early-stage startups across diverse sectors including AI applications, fintech, healthcare, and security. A* Capital plans to deploy capital over the next two to three years, with average investments ranging from $3 million to $5 million, aiming to support at least 30 new companies. The firm's limited partners include notable institutions like Carnegie Mellon University, underscoring its established reputation.