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Tiger Global aims to raise $6 billion for its next private technology fund

As per the recent press letter by Axios, on October 6, American investment firm Tiger Global is planning to raise $6 billion for its next fund that would invest in privately owned technology businesses. The first closure is scheduled to take place in January.

Tiger Global intends to raise less than half of what it did for its last fund, reflecting the general trend toward smaller investment rounds and lower values for startups. On the other hand, six billion dollars is not a number to be trifled with, which suggests that Tiger is not too pessimistic. Existing portfolio businesses include Databricks, Stripe, ByteDance, and Shein. TikTok’s parent company, ByteDance, is also a portfolio company.

According to the letter sent out by Tiger, its Private Investment Partners funds have raised more than $36 billion since they were first established in 2003, dispersed $30 billion, and produced a net internal rate of return of 24%.

This past week, Tiger told its investors that partner John Curtius would be leaving the company to create his own venture capital firm that will concentrate on business-to-business software businesses. Tiger claims that the majority of its current fund has been invested in early-stage enterprise software and fintech startups in the United States and India, with the average investment size decreasing to 30 million dollars, and that it anticipates that this approach will continue.

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Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.


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