Unlock Venture Partners Raises $60M Fund II Unlock announces Fund II investments in DRESSX, Irreverent Labs and Katalyst
Seattle, WA
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January 31, 2022 09:00 AM Pacific Standard Time
Unlock Venture Partners today announced Fund II with over $60 million in committed capital to meet demand from startups in Seattle and Los Angeles. Unlock has made investments in 16 companies, including early seed investments in DRESSX, Irreverent Labs and Katalyst, which were announced today.
Unlock was founded on the premise that while Seattle and Los Angeles represent two of the five largest tech markets in the country, there is a relative paucity of early stage funding and guidance compared to the Bay Area. The firm focuses on partnering with the best entrepreneurs in these two markets who leverage data and artificial intelligence to build world class companies.
In addition to the new fund, Unlock announced Fund II investments in DRESSX, Irreverent Labs and Katalyst. DRESSX, the Los Angeles-based digital fashion startup, and Seattle-based Irreverent Labs recently raised seed rounds, while Katalyst, the Seattle-based in-home fitness company, is closing a Series A. Additional Fund II investments include Gen.G, Vitrina AI, Continuum Space Systems, and SeaSalt.ai.
“Startups need help to grow and raise money outside of the Bay Area echo chamber,” said Andy Liu, Unlock Venture Partners managing partner. “We give startups an advantage in access to venture and supporting resources. Fund II helps us meet the growing investment opportunities in Los Angeles and Seattle.”
The Unlock managing partners are located throughout the West Coast and arrived at the venture capital industry as founders and operators who have gone through the funding process on both sides of the table.
The new fund will be used to pursue additional new investment opportunities in the Metaverse, gaming, and Web3 where these technologies are applied to applications such as digital media, fintech, insurance, e-commerce, and proptech.
“There is tremendous demand among investors, businesses, and consumers for immersive virtual platform opportunities, like the Metaverse.” said Liu. “Fund II not only helps us reach more of those opportunities among our partners but includes five Metaverse/Web 3 startups among the initial 16 investments.”
About Unlock Venture Partners:
Unlock Venture Partners was co-founded by Andy Liu, Sanjay Reddy, and Raazi Imam. They have invested in more than 37 Seattle and Los Angeles-based startups including Possible Finance, Make.TV, Outer, Fight Camp, UNest, Crowd Cow and Dolly. Unlock has raised over $85M in total across two funds and special purpose vehicles. Unlock is a premier early stage fund to infuse capital into two high-potential, materially underserved markets.
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Forrest Carman
+1 206-859-3118
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