Alexis Ohanian’s VC firm raises new $225M fund

Alexis Ohanian’s venture capital firm secures $225 million for new fund

Alexis Ohanian, the co-founder of Reddit and husband of tennis superstar Serena Williams, has made headlines once again with his venture capital firm, Seven Seven Six, raising a new $225 million fund. This latest fund will focus on early-stage investments in technology companies, particularly those that are working to make a positive impact on society.

Seven Seven Six was launched by Ohanian in October 2020, and this new fund is the firm’s second since its inception. The fund’s name, Seven Seven Six, is a nod to Ohanian’s birthday, which falls on April 24th (4/24), and is a representation of his dedication to supporting entrepreneurs and helping them achieve success in their ventures.

With this new fund, Seven Seven Six aims to continue its mission of investing in founders with innovative ideas and a strong vision for the future. The firm has a track record of backing successful companies in various industries, including consumer technology, healthcare, and education.

In a statement about the new fund, Ohanian expressed his excitement for the opportunity to support even more founders and help them realize their potential. He emphasized the importance of investing in companies that are not only profitable but also have a positive impact on society.

Ohanian has been a vocal advocate for diversity and inclusion in the tech industry, and Seven Seven Six is committed to supporting underrepresented founders and creating a more diverse ecosystem for entrepreneurs. The firm’s team includes a diverse group of investment professionals who bring a range of perspectives and experiences to their work.

Overall, Seven Seven Six’s new $225 million fund represents a significant milestone for the firm and underscores Ohanian’s dedication to supporting innovative and socially responsible technology companies. With this new capital at their disposal, Seven Seven Six is well-positioned to continue making a positive impact on the tech industry and society as a whole.
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