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FUNDRAISING NEWS | October 16, 2024
Tags: Private Equity, Personnel, Venture Capital
Science and technology investor KdT Ventures announced closing its fourth fund at over $100M and making two promotions to support its growth strategy, the company said in a press release published October 16.
The oversubscribed KdT Ventures Fund IV surpassed its predecessor fund, which launched in 2022 and raised $80M on its final close. Fund IV aims to deploy seed investments, ranging from $500,000 to $5M in initial checks, in technology companies catering to physical systems, such as therapeutics, digital health, industrial biotechnology, and climate. KdT said its aggregate AUM has now crossed $250M after the fund’s closing.
The firm also announced two promotions, with Phil Grayeski moving to managing partner and Patrick Malone from principal to partner. Both Grayeski and Malone are science PhD holders, with Grayeski specializing in genetic medicine and biotechnology and Malone in neuroscience and machine learning.
View the press release here.
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Written By: Dakota
October 30, 2024
November 04, 2024
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