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Venture capital firm based in Santa Monica M13 reportedly raised more than $400 million in its third fund.
M13 was founded by brothers in 2016. Courtney Reum When Carter Reumis married to a fellow businessman and venture capitalist Paris HiltonSince the company was founded, it has invested in well-known companies. bird, capsule When classpath.
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The latest funds are Web3, According to dot.LAIn case you missed the Web3 instructions it’s been going on for months, Web3 is a “decentralized web” idea based on blockchain. His M13 isn’t the only one interested in investing in this space. According to Crunchbase data.
The consumer tech-focused company has announced five investments so far this year, according to Crunchbase data.Most recently, M13 invested in the carbon removal market Me too and nutritional brain supplements brain luxury.
M13, do not confuse Microsoft’s Venture fund M12 has already seen a number of high-profile exits in its six years of existence. M13 support honest companya clean ingredient consumer goods company co-founded by Jessica Albawent public in an IPO last year, while scooter company Bird went public in SPAC. M13 also helps established companies such as lift, ring When snap.
Illustrated by Dom Guzman
Stay up to date on our latest funding rounds, acquisitions and more on the Crunchbase Daily.
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