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Home Private Equity Anzu Partners raises $190m Fund II for industrial tech investment

Anzu Partners raises $190m Fund II for industrial tech investment

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Industrial technology focused Anzu Parnters has raised $190m of capital commitments for its second venture fund.

The firm began raising its Anzu Industrial Capital Partners II vehicle just less than a year-and-a-half after pulling in $128m for its debut fund in December 2017.

Fund II will be used to invest in North American-based industrial technology companies in manufacturing, materials, monitoring & measurement, and modelling sectors.

Anzu has already tapped the fund to invest in seven startups so far, including Solchroma Technologies, NTX Bio and immunoSCAPE.

“We are delighted that the support of our investor community has allowed us to close our second fund well above our original target,” said Anzu managing partner David Michael.

“We have a relentless focus on the breakthrough technologies that will enable tomorrow’s industries.

“Within this theme we continue to see a strong pipeline of investment opportunities, and we aim to be the investor of choice for the best early stage companies in these areas.”

Alongside the fund close, Anzu has also promoted John Ho to partner, four years after he joined the VC.

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