Kevin Hartz’s A* just closed its third fund with $450 million

A* Capital has raised a $450 million third fund, led by Kevin Hartz and Bennet Siegel.

The firm plans to invest the capital over two to three years in at least 30 early-stage startups.

Target areas include AI, fintech, healthcare, and security, with room for unconventional bets on young founders and emerging tech.

Fund III follows A*’s $315 million raise in 2024 and $300 million in 2021, underscoring continued investor appetite for early-stage VC.