Venture Firm Greycroft Raises $680 Million to Invest in Startups

The venture capital firm Greycroft says it has raised $680 million to find the next Bumble or Venmo, topping its previous $250 million fund raised in 2017 and 2018.

The New York and Los Angeles-based firm, which has backed both of those businesses, plans to invest $310 million in early stage startups and $370 million in growth-stage startups.

Dana Settle

Photographer: David Ryder/Bloomberg

Greycroft’s portfolio includes Axios Media Inc., mobile games publisher Scopely Inc., scooter rental service Bird Rides Inc. and Gwyneth Paltrow’s lifestyle startup Goop Inc. It was also invested in fashion resale business The RealReal Inc., which went public ...