8VC

{{Short description|American venture capital firm}}

{{Infobox company

| name = 8VC

| logo =

| type = Private

| industry = Venture capital

| predecessor =

| foundation = {{start date and age|2015}}

| location = Austin, Texas

| founders = {{UBL|Joe Lonsdale|Jake Medwell}}

| products =

| aum = US$6 billion (2023)

| assets =

| num_employees =

| homepage = {{Official URL}}

| footnotes =

}}

8VC is an American venture capital firm founded by Joe Lonsdale.

History

In 2015, shortly after the breakup of another venture capital firm Lonsdale helped co-found, Formation 8, Lonsdale co-founded 8VC (originally called "8 Partners"{{Cite web |last=McBride |first=Sarah |date=July 14, 2016 |title=New VC Firms Emerge From Ashes of Silicon Valley's Formation 8 |url=https://www.bloomberg.com/news/articles/2016-07-14/new-vc-firms-emerge-from-ashes-of-silicon-valley-s-formation-8?embedded-checkout=true |url-access=subscription |access-date=August 11, 2024 |website=Bloomberg }}) with 15 of the 25 employees from Formation 8.{{cite web |last=Lunden |first=Ingrid |date=November 4, 2015 |title=Formation 8 Axes Plans For Third Fund, Lonsdale Now Raising $400M For "8 Partners" |url=https://techcrunch.com/2015/11/04/de-formation-8/ |accessdate=August 26, 2015 |website=TechCrunch |archive-date=November 4, 2015 |archive-url=https://web.archive.org/web/20151104180556/http://techcrunch.com/2015/11/04/de-formation-8/ |url-status=live }} Originally based in San Francisco, Lonsdale relocated the firm's headquarters to Austin, Texas in 2020, shortly after moving there with his family.

The fund employs Jack Moshkovich and Denis Aven, who are both respectively sons of Russian oligarchs Vadim Moshkovich and Petr Aven.{{cite news |last=Mudge|first=Rob|date=30 Aug 2024|title=What X's alleged ties to Russian oligarchs mean for Musk|url=https://www.dw.com/en/what-do-xs-alleged-ties-to-russian-oligarchs-mean-for-musk/a-70088598|work=|location= |publisher=Deutsche Welle|access-date=17 April 2025}}{{cite news |last=Ach|first=Brian|date=20 August 2024|title=A Major U.S. Defense Investor Has Links To Sanctioned Russian Oligarchs|url=https://www.forbes.com/sites/davidjeans/2024/08/20/8vc-russian-oligarchs/|work= |location= |publisher=Forbes |access-date=17 April 2025}} Lonsdale posted about these employees on X, saying, "I’m lucky to live in the greatest country in the world, and it will remain as such if we can keep working with the top talent of all backgrounds, including, yes, Chinese and Russians and Israelis et al, without demonizing people for imagined things they didn’t do. We haven’t taken any money from their fathers or their fathers’ friends, and don’t need it."{{cite web |date=November 4, 2015 |title=Sons of sanctioned Russian oligarchs employed by US defense-focused fund |url=https://english.nv.ua/nation/russian-oligarchs-sons-linked-to-american-defense-fund-tied-to-nato-and-pentagon-50444724.html |accessdate=2025-01-31 |website=NV Nation |url-status=live }}

Investments

8VC has invested in:

  • Anduril{{Cite web |last=Loizos |first=Connie |date=January 16, 2017 |title=Joe Lonsdale moves forward with 8VC's new fund and more |url=https://techcrunch.com/2017/01/16/joe-lonsdale-moves-forward-with-8vcs-new-fund-and-more/ |access-date=August 11, 2024 |website=TechCrunch |language=en-US |archive-date=August 8, 2024 |archive-url=https://web.archive.org/web/20240808221923/https://techcrunch.com/2017/01/16/joe-lonsdale-moves-forward-with-8vcs-new-fund-and-more/ |url-status=live }}{{Cite web |last=Hartmans |first=Avery |date=November 6, 2020 |title=Palantir cofounder Joe Lonsdale is moving his VC firm from Silicon Valley to Austin, in part because it is 'more tolerant of ideological diversity' |url=https://www.businessinsider.com/joe-lonsdale-palantir-8vc-firm-moving-sf-to-austin-2020-11 |access-date=August 11, 2024 |website=Business Insider |archive-date=August 8, 2024 |archive-url=https://web.archive.org/web/20240808182743/https://www.businessinsider.com/joe-lonsdale-palantir-8vc-firm-moving-sf-to-austin-2020-11 |url-status=live }}
  • Hyperloop One
  • Synthego
  • UBiome
  • Cognition AI{{cite news |last= |first= |date=17 March 2025|title=Cognition AI Hits $4 Billion Valuation in Deal Led by Lonsdale’s Firm|url=https://www.bloomberg.com/news/articles/2025-03-18/cognition-ai-hits-4-billion-valuation-in-deal-led-by-lonsdale-s-firm|work= |location= |publisher=Bloomberg News|access-date=17 April 2025}}
  • Epirus{{cite news |last= |first= |date=9 January 2025|title=Joe Lonsdale-Backed Drone Defense Startup Epirus Set to Raise Over $150 Million|url=https://www.bloomberg.com/news/articles/2025-01-09/joe-lonsdale-backed-drone-defense-startup-epirus-set-to-raise-over-150-million|work= |location= |publisher=Bloomberg News|access-date=17 April 2025}}

References