Sharing Our Progress to Date - A Note from Our Founders
We’re extremely pleased to report that 2021 turned out to be an incredibly productive first year for the Fund! We met, and quite frankly exceeded, even our most aggressive expectations.
Most notably, the Fund has now raised over $75M in closed and committed capital. Commitments are accelerating, and we now anticipate that the Fund will quickly exceed our initial $100M target. If you were thinking about deploying capital towards the Fund, now would be an ideal time.
We have now closed four fantastic startup investments to date, each one sourced through GFT’s extremely proprietary deal pipeline. And we should be able to share news of our fifth investment very shortly. As veteran operators and ecosystem builders, we bring not only deep technical expertise, but also a broad and robust network of potential partners, customers and co-investors to our portfolio companies. The result is that GFT is quickly developing a reputation as the “go-to” early stage funding source for entrepreneurs building solutions based on AI, Data Science and Blockchain platforms - and our deal flow clearly reflects that.
The growth opportunities ahead of us in our core focus areas of frontier technology are nothing short of staggering. We love what we do, and are so excited to share with you our passion to support the world’s best and brightest frontier technology entrepreneurs, solving the world’s hardest problems for the largest markets.
Best regards,
Jeff Herbst and Jay Eum
Founding Managing Partners, GFT Ventures
Read the rest of the newsletter here.