Kevin Hartz, an Eventbrite co-founder and longtime venture investor, is preparing to announce that his venture firm A* has raised $450 million for its third fund. Coverage describes the fund as the largest A* has launched so far, while still significantly smaller than the multi-billion-dollar “megafunds” that other investors have recently raised to support cash-intensive artificial intelligence startups across many stages.
Hartz launched A* with former Coatue investor Bennett Siegel. The new fund reflects what sources characterize as a “less-is-more” strategy, contrasting with peers that pursue very large vehicles aimed at backing AI companies throughout their lifecycle. Details on specific allocation targets, investees, or deal sizes were not provided in the available excerpts. The announcement is scheduled for Tuesday, according to reporting cited by Bloomberg and reiterated by The Next Web.
