Ex-CPPIB Boss’ Opto Nabs $475 Million Value in Round (Correct)

Opto Investments, the newly launched private capital platform led by investment veteran Mark Machin and Palantir Technologies Inc. co-founder Joe Lonsdale, has raised $145 million in a Series A funding round, according to a statement reviewed by Bloomberg News.

Opto is valued at $475 million after the round, said people familiar with the matter, who asked not to be identified because it was private.

Mark Machin

Source: Opto Investments

The financing was led by Tiger Global Management LLC with participation from venture capital firms including 8VC, Fin Capital and HOF Capital, among others.

Machin, who last year stepped down from his post as ...