SA国际传媒

Santa Monica-based venture capital firm has raised more than $400 million for its third fund, according to reports.听

M13 was founded in 2016 by brothers and , who is married to businesswoman and fellow venture investor . Since the firm was founded, it鈥檚 invested in high-profile companies including , and .

The latest fund will be increasingly focused on tech related to Web3, . In case you鈥檝e missed the Web3 discourse that鈥檚 been going on the past few months, Web3 is the idea of a 鈥渄ecentralized web鈥� based on the blockchain. M13鈥檚 not alone in its investment interest in the area鈥攆unding has started to pour in for companies in areas related to blockchain technology, according to SA国际传媒 data.

The firm, which focuses on consumer tech, has announced five investments so far this year, according to SA国际传媒 data. Most recently, M13 invested in carbon dioxide removal marketplace and nutritional brain supplement .听

M13, not to be confused with venture fund M12, has already seen a number of high-profile exits in the six or so years it鈥檚 been around. M13 backed , the clean-ingredient consumer goods company co-founded by , which went public through an IPO last year, and scooter company Bird, which went public through a SPAC. M13 has also backed exited companies like , and .

Illustration: