Thomvest Ventures Secures $250m Multi-Stage Fund

Thomvest Ventures, a Bay Area venture capital firm founded 25 years ago by Peter Thomson, has successfully raised a fresh $250 million fund, elevating its total assets under management to an impressive $750 million. The firm, majority-owned by the Thomson family of Thomson Reuters, has also announced the well-deserved promotions of Umesh Padval and Nima Wedlake to the crucial role of managing directors.

Thomvest Ventures, renowned for its prudent investment approach, plans to deploy the new capital into 25 to 30 carefully selected companies. Early-stage investments will range from $5 million to $15 million, while later-stage commitments will see check sizes between $7 million and $25 million. Although specific investments from the latest fund have not been publicly disclosed, Peter Thomson expressed confidence in the chosen ventures. Thomvest's previous fund made over 75 investments in total. Some notable companies include Carta, Cohere, Kabbage, LendingClub and SoFi.