SOSV, “the accelerator VC,” closes third fund at $150 million – TechCrunch

Since the advent of accelerators, venture capitalists have competed to lock in deals with the best startups in a given batch. Entrepreneur turned investor Sean O’ Sullivan thought it would be better to develop a venture firm that owned and ran its own accelerators.

Today that firm, SOSV, has closed its third fund at $150 million to back startups that are admitted to and have graduated from one of its many programs.

O’ Sullivan said, “There are a lot of really great ideas out there. But Series A rounds are not happening as easily as they used to. We’re here to get more companies further, faster, and get them to a greater degree of traction and profitability earlier so they can go on to raise those Series A’s.”

Of eight total, SOSV’s better-known accelerators include: hardware-focused HAX, FOOD-X for food and agriculture companies, IndieBio for life sciences…

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