Industrial technology focused Anzu Partners has hit a $130m first close for its third venture capital fund in four years.
The new vehicle comes just 18 months after the firm closed Fund II on $190m. Anzu closed its debut fund on $105m of commitments.
Anzu is targeting $300m for Fund III, which will invest in early-stage technology companies essential to prosperity, productivity and sustainability.
David Michael, managing partner at Anzu Partners, said, “Innovations in life sciences and industrial technologies continue to proliferate since the launch of our first two funds, and we see an even greater opportunity to work with early-stage companies and commercialize their scientific breakthroughs.
Not only do we provide capital, we also utilize our technically-oriented team of investment and operational professionals to offer support on financial management, operations, talent development, global connectivity, strategy, and more, to truly serve as a partner. We are excited about the future of Anzu Partners and our portfolio as we begin to explore the already active pipeline of opportunities for Fund III.”
Some portfolio companies of the firm include 6K, Niron Magnetics and InterVenn Biosciences.
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