Breakout Ventures is finding growing success by backing early-stage startups in scientific fields such as biology and chemistry.
With AI igniting an investor frenzy, more startups are achieving unicorn status every month.
General Catalyst is said to be raising $10 billion and Spark Capital $3 billion. This after several other firms have also raised mega-funds.
The company’s first demonstration mission is expected in early 2027.
The fresh fundraise comes less than a year after Founders Fund closed its third growth fund, a $4.6 billion vehicle intended primarily for follow-on investments in its successful late-stage companies.
The famed author and investor has launched the Future Vision Xprize with sponsors like Google, Marc Benioff, Ben Horowitz, to fund optimistic sci-fi films.
The fund currently offers retail investors exposure to eight startups, including Mercor, Ramp, and Stripe, with plans to expand its portfolio.
City Detect, a company that helps local governments prevent urban decay, is in at least 17 cities so far, including Dallas and Miami.
AI procurement startup Lio announced a $30 million Series A in a round led by Andreessen Horowitz.
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