645 Ventures closes Fund IV and Select I

645 Ventures announced the closing of Fund IV and Select I on December 1, 2022. The firm described the two vehicles as totaling $347 million, with Fund IV continuing its seed and Series A approach and Select I financing growth-stage follow-on investments in existing portfolio companies. It said returning and new institutional investors backed the funds, including endowments, foundations and funds of funds. The firm also described its founder-support resources in recruiting, customer acquisition, marketing and fundraising, and its New York and San Francisco offices. Later SEC amendments report final amounts sold of $194,468,730 USD for Fund IV and $153,010,861 USD for Select I. These are fund capital figures, not group assets under management.