- SOSV closes $306M deep tech fund focused on human and planetary health
- Fund will support startups in decarbonization and reindustrialization for positive change
- SOSV operates startup programs in Newark, NYC, and San Francisco, with 200 investments yearly
- Limited partners include corporates, sovereign wealth funds, and private family offices
- SOSV invests in facilities and equipment to help derisk technologies, recently expanding in New York and Newark
SOSV Closes $306M Deep Tech Fund
SOSV, a multistage deep tech venture investor, has made headlines with the announcement of its latest achievement – the close of its $306 million SOSV V fund. This marks a significant milestone for the Princeton-based firm, as it is their largest fund to date. The focus of SOSV V will be on deep tech startups in human and planetary health, aligning with the critical imperatives of decarbonization and reindustrialization.
As Sean O’Sullivan, SOSV’s founding and managing general partner, emphasized, “As the first check in deep tech, SOSV represents the start of the journey for hundreds of deep tech founders.” The backing from leading family offices and corporations has been instrumental in enabling the creation of innovative startups that address pressing global challenges related to climate change and human health. By partnering with later-stage funds, SOSV is able to leverage every $100 million invested to bring in an additional $2 billion in follow-on capital, amplifying the impact of their investments significantly.
Focus on Human and Planetary Health
The core ethos of the SOSV V fund revolves around the promotion of human and planetary health through deep tech innovation. With a keen eye on decarbonization and reindustrialization, the fund aims to support startups that offer transformative solutions in these crucial areas. The intersection of technology and sustainability is where SOSV sees the greatest potential for driving positive change for both people and the planet.
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Investment Strategy and Impact
SOSV’s investment approach spans from pre-seed to later stages, encompassing a diverse range of deep tech startups. Through programs like HAX and IndieBio, the firm nurtures and accelerates the growth of these companies, making around 200 investments annually. The network of startup program facilities in Newark, New York City, and San Francisco serves as hubs for innovation, facilitating the graduation of approximately 80 startups each year.
The limited partners in SOSV V reflect a global spectrum, including corporates, sovereign wealth funds, institutional investors, and private family offices. The collaborative nature of SOSV’s ecosystem ensures that startups not only receive financial support but also benefit from strategic guidance and industry connections that can propel their growth.
Industry Response and Collaboration
The announcement of SOSV V has garnered positive reactions from active deep tech co-investors in the firm’s portfolio companies. Partners like DCVC and Khosla Ventures have expressed their support for SOSV’s mission to drive innovation in areas such as decarbonization, human health, and food sustainability. The collaborative efforts between these entities signify a collective commitment to leveraging technology for the betterment of society and the environment.
Matt Ocko and Zachary Bogue of DCVC underscored the importance of the fight against climate-driven challenges, emphasizing the need for innovative solutions that prioritize resilience and abundance. Similarly, Alex Morgan from Khosla Ventures highlighted the value of working with SOSV and leveraging platforms like HAX and IndieBio to support groundbreaking technologies that address critical global issues.
Infrastructure and Support for Founders
SOSV’s investment in facilities and equipment plays a crucial role in empowering deep tech founders to develop and validate their technologies effectively. With over $30 million allocated to this purpose, the firm has expanded its physical spaces to accommodate the growing needs of startups. The newly opened locations in New York and Newark offer state-of-the-art facilities, including wet labs, engineering labs, and advanced manufacturing equipment, providing founders with the resources they need to bring their innovations to life.
SOSV’s $306 million deep tech fund represents a significant commitment to driving positive change in the realms of human and planetary health. By focusing on decarbonization, reindustrialization, and fostering innovation in critical sectors, SOSV is poised to make a lasting impact on the global landscape. Through strategic partnerships, supportive infrastructure, and a dedication to advancing deep tech solutions, SOSV is at the forefront of catalyzing innovation that benefits both people and the planet.
Links to additional Resources: 1. https://www.sosv.com/ 2. https://www.crunchbase.com/ 3. https://www.techcrunch.com/