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- Refactor Capital Closes $50M Fund 4 to Propel Bio, Climate, and Hard Tech Startups
Refactor Capital Closes $50M Fund 4 to Propel Bio, Climate, and Hard Tech Startups
Slice of Finance Team
21 Jun
Key Highlights:
$50 million Fund 4 closed, 90% raised from existing investors.
Focus on pre-seed and seed investments in bio, climate, and hard tech startups.
Plans to invest in 20-25 companies over the next three years.
Refactor has backed over 100 companies since 2016, including four unicorns.
Source (Business Wire)
Notable Quotes
"I’m excited to continue backing founders solving hard but not impossible problems in an effort to create a better future for society."
"Having Zal as an investor has been a game-changer for Solugen, both in our early days and now."
"With less than fifteen percent of venture firms making it to a fourth fund, Zal has cracked the code to running a successful firm.”
Our Take:
Refactor Capital's achievement in closing its $50 million Fund 4 highlights its robust strategy and deep-rooted trust among existing investors. The firm's consistent focus on bio, climate, and hard tech startups positions it uniquely in the venture capital landscape. Zal Bilimoria's hands-on approach and ability to make swift investment decisions underscore Refactor’s commitment to fostering transformative innovations. This latest fund will likely accelerate breakthroughs in critical sectors, continuing Refactor's legacy of impactful investments.