{"id":20357,"date":"2026-05-12T23:58:23","date_gmt":"2026-05-12T23:58:23","guid":{"rendered":"https:\/\/jobuzo.com\/en\/kevin-hartzs-a-just-closed-its-third-fund-with-450-million\/"},"modified":"2026-05-12T23:58:23","modified_gmt":"2026-05-12T23:58:23","slug":"kevin-hartzs-a-just-closed-its-third-fund-with-450-million","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/kevin-hartzs-a-just-closed-its-third-fund-with-450-million\/","title":{"rendered":"Kevin Hartz\u2019s A* just closed its third fund with $450 million"},"content":{"rendered":"<div>\n<div><\/div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">Early-stage venture firm A* on Tuesday announced a $450 million Fund III. The firm takes a generalist approach, backing companies across categories including AI applications, fintech, healthcare, and security.<br>The average check size for this fund will be between $3 million and $5 million, with the aim to back at least 30 startups. The capital will be deployed over the next two to three years, as with the firm&rsquo;s previous funds. Limited partners include nonprofits, foundations, and endowments; Carnegie Mellon University is among the publicly named backers.<\/p>\n<p class=\"wp-block-paragraph\">A*, founded in 2020 and run by Kevin Hartz and Bennet Siegel, previously raised a $315 million Fund II in 2024 and a $300 million Fund I in 2021. Hartz is a serial entrepreneur best known for co-founding Xoom, the international money-transfer service PayPal later acquired for $1.1 billion in 2015, and Eventbrite, the event-ticketing platform that went public in 2018. Siegel came up through Boston Consulting Group and Altamont Capital Partners before spending four years as a partner at Coatue Management.<\/p>\n<p class=\"wp-block-paragraph\">The firm has also drawn attention for backing unusually young founders, even as the practice has become more common since. Hartz told TechCrunch last fall that close to 20% of the firm&rsquo;s current portfolio involve teenage entrepreneurs. Among others of its investments, it has backed the fintech company Ramp and the AI firm Mercor.<\/p>\n<p class=\"wp-block-paragraph\"><em>This story was updated to clarify the name of the firm. <\/em><\/p>\n<\/div>\n<p><sub>Kevin Hartz&rsquo;s A* just closed its third fund with $450 million<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Early-stage venture firm A* on Tuesday announced a $450 million Fund III. The firm takes a generalist approach, backing companies across categories including AI applications, fintech, healthcare, and security.The average check size for this fund will be between $3 million and $5 million, with the aim to back at least 30 startups. The capital will&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/jobuzo.com\/en\/kevin-hartzs-a-just-closed-its-third-fund-with-450-million\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;Kevin Hartz\u2019s A* just closed its third fund with $450 million&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":20358,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/20357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/comments?post=20357"}],"version-history":[{"count":0,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/20357\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media\/20358"}],"wp:attachment":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media?parent=20357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/categories?post=20357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/tags?post=20357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}