The House Fund Closes House Fund III At $115M With Ken Goldberg Joining As Part-Time Partner

The House Fund, a venture capital fund for UC Berkeley startups, has closed its third fund at $115 million. Fund III primarily supports Berkeley-affiliated AI startups, targeting pre-seed and seed stages, with exceptions for Series A rounds with successful founders. The fund, launched in 2016, boasts $330 million under management and offers startups access to tech, mentorship, and introductions to potential customers. The House Fund also runs an accelerator program offering significant investments and mentorship from industry giants like Google's Gradient Ventures.

Summary of transaction details

• Company: The House Fund
• Fund Name: House Fund III
• Amount: $115,000,000

Ken Goldberg, a UC Berkeley professor, is joining The House Fund as a part-time partner. The fund has strong connections to the Berkeley community and provides startups with mentorship and introductions to potential customers. Additionally, The House Fund runs an accelerator program in collaboration with industry giants like Google's Gradient Ventures, offering significant investments and mentorship opportunities.