Joe Lonsdale’s 8VC seeking $1B for new fund

Palanty’s founder Joe Lonsdale, a zealous organization 8 VC is seeking about $ 1 billion for its sixth fund, according to this Regulatory filingThe

Austin-based firm’s last fund aims to raise about 14% more than its previous 80 880 million flagships Vehicles, which were closed in February 2023. TechCrunch reached the firm for comment.

Since its founding 10 years ago, Asana, Flexport, Hims and Hims and HRS and HRS and Elon Mask have invested more than 600 companies, according to data from 8 VC pitchbook. However, giving loans to the defense of Lonsole, the farm investment in the sector has attracted the most attention.

In 2022, 8 VC was the investor of Saronic, a robotic boat drone maker that could also collect surveillance and review. From that the company has closed two rounds and is currently discussing $ 500 million in the $ 3 billion assessment, Forbes has reportedThe

Other defense technology investment of 8 VCs includes overland AI, a startup that is developing autonomous vehicles for defense and national security applications. When Overland raised a $ 32 million series earlier this month, Lonsdel told Axios that the company was in a position to be “Next Great Defense Prime”.

Another major field of focus for the firm is health technology and life science, which now represents more than a quarter of the 8 VC deal with Biotex Inti Bio and VIR.

Lonsdale shifted 8 VC from Silicon Valley in 2021 because he felt that the city was more tolerant “Ideal variety.“

Although Lonsdale is not technically a member of PayPal Mafia, he was an organization intern for two summer. He then worked as an executive at Cleriam Capital, founded by Peter Thiel.

In addition to the founding of Palanti, LonSdale is reported to have co -med an asset management and investment software agency adpaper Evaluation of a $ 3.25 billion pre-moneyThe