According to a corporate announcement, Two Sigma Ventures will use the two funds to invest in firms that employ data and technology for social betterment.
External investors such as college endowments, non-profit foundations, and pension funds contributed 85% of the $400 million raised by the firm. The remaining 15% was given by senior workers and partners at Two Sigma. The partner Colin Beirne said:
“A lot of limited partners are realizing that the next three years are going to be a great time to invest in the venture because there’s less competition, lower valuations.”
Two Sigma Ventures invests in early-stage startups in software-as-a-service and fintech, among other sectors, in addition to crypto and DeFi.
Two Sigma Ventures is the venture arm of Two Sigma, a financial sciences corporation based in New York. According to the firm’s website, Two Sigma manages assets worth more than $60 billion.
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