---
title: "645 Ventures Closes $347M Across Fund IV and Select Fund I"
description: "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."
date: 2026-05-20T00:00:00.000Z
tags: ["645-ventures", "fund-close", "venture-capital", "seed-investing", "startup-funding"]
source: https://venturecapitaltracker.com/2026-645-ventures-347m-fund-iv-select-fund-i
---

# 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

1. 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
2. 645 Ventures firm overview: https://www.645ventures.com/