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July 30, 2025 - Deals
Verified Capital Closes $175 Million Fund With Investors Apoorva Mehta And Brian Armstrong
Verified Capital, a San Francisco-based venture firm founded by former Coatue partner Kris Fredrickson, has closed its debut fund at $175 million. The firm takes a selective approach, targeting 8 to 10 core investments per fund across any stage or sector, and operates without traditional ownership or board constraints. Backers include prominent founders like Instacart’s Apoorva Mehta, Coinbase’s Brian Armstrong, and Harvey AI’s Winston Weinberg, as well as institutional LPs such as Adams Street Partners, Commonfund, and Northwestern University’s endowment.
INVESTORS: Apoorva Mehta, Brian Armstrong, Winston Weinberg, Elad Gil, Adams Street Partners & Commonfund
AMOUNT: $175,000,000
HQ: #SanFrancisco #California
#VentureCapital #VerifiedCapital #KrisFredrickson #ApoorvaMehta #BrianArmstrong #WinstonWeinberg #EladGil #AdamsStreetPartners #Commonfund #TradedVC
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Colossal Biosciences In Talks For Funding Round Targeting $23 Billion ValuationColossal Biosciences, the de-extinction biotech startup known for its efforts to recreate the woolly mammoth and other extinct species, is reportedly in talks to raise new funding at a valuation of roughly $23 billion–$24 billion, according to Axios. The potential raise would mark a significant jump for the five-year-old company, with investors valuing not only its genetic-engineering programs but also its broader genomics, reproductive technology, conservation, and intellectual property platform. Colossal has begun generating revenue through conservation technology sales and technology spinouts, including Astromech, an AI-driven predictive modeling company, and Form Bio, a computational biology platform, expanding its value beyond de-extinction efforts.
FOUNDERS: Ben Lamm & George Church
TARGET VALUATION: $23,000,000,000
HQ: Dallas, Texas
#VentureCapital #ColossalBiosciences #BenLamm #GeorgeChurch #TradedVC