FUNDRAISING NEWS | November 01, 2024
Skypointer Capital has made a $30M close on its first venture capital fund specifically aimed at providing family offices with better access to VC investments.
Skypoint Ventures Fund I will make investments in funds focusing on early stage startups as well as direct investments in more mature companies at a stage of Series C funding or beyond.
“VC has been one of the best-performing assets in the last decade. However, many family offices have been harmed by not approaching the space in the right way, through lack of access or insufficient diversification,” Skypointer partner Daniel Sakovics said in a news release announcing the close. “Through Skypointer, many of these investors can now build a risk-adjusted portfolio, but with a greater return potential than a traditional fund of funds strategy, and with the added bonus of access to direct investment opportunities.”
Skypointer was created as the venture capital arm of $1B multi-family-office Proaltus Capital Partners and spun off as an independent firm in 2022. It invests in early stage emerging VC fund managers, mostly in the US and Europe, while also making co-investments alongside those funds.
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