· investment-strategies · 1 min read
645 Ventures Closes $347M Across Fund IV and Select Fund I
645 Ventures announced $347M in new capital — a $194M Fund IV and a $153M Select Fund I — pushing the seed and Series A firm past $550M in AUM.
645 Ventures announced the close of two new vehicles totaling $347 million — a $194M Fund IV and a $153M Select Fund I — cementing its position as one of the more active early-stage firms backing infrastructure software, SaaS, and consumer startups.
Key facts
- Firm: 645 Ventures
- New capital: $347M ($194M Fund IV + $153M Select Fund I)
- Total AUM: $550M+ across five funds, with $400M+ to deploy
- Stages: Seed ($1-5M checks) and Series A ($5-10M checks)
- Select Fund I: larger $10-15M follow-on checks in top-performing companies
- Origins: Started as a $7.6M fund in 2014
Why this matters
The Select Fund gives 645 Ventures the ability to keep backing breakout companies as they scale, rather than watching later-stage funds capture the upside. Notable portfolio names include Iterable, Shift5, Setpoint, Squire, Overtime, and ShopCircle.
Sources
- 645 Ventures — Fund IV and Select Fund I announcement: https://645ventures.com/articles/645-raises-347m-fund-iv-and-select-fund-i-doubles-down-on-seed-and-series-a-inve
- 645 Ventures firm overview: https://www.645ventures.com/
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