- The fund is the firm’s largest to date
- KdT’s AUM now exceed $250m
- Based in Austin and Research Triangle, North Carolina, KdT was founded by Cain McClary in 2017
KdT Ventures, which invests in early-stage science-driven start-ups, has closed its oversubscribed fourth fund at more than $100 million.
Fund IV is the 7-year-old firm’s largest fund to date, eclipsing the $80 million it raised for Fund III in 2022. The firm’s total assets under management now exceed $250 million.
Fundraising appears to have taken just four months, as KdT filed a Reg D for Fund IV in June 6.
The Austin-based firm did not disclose the names of investors. LPs in previous funds include Hillman Family Foundations (Fund III) and Goldhirsh Foundation (Fund II), according to fundraising data from affiliate title Buyouts.
“Scientific breakthroughs are rapidly transforming our physical world, and we remain committed to backing the most ambitious founders who are harnessing these advances to build groundbreaking companies,” KdT founder and managing partner Dr. Cain McClary said in a statement. “Our investments target technical founders who are leveraging cutting-edge chemistry, biology, compute and other scientific disciplines to create revolutionary products and technologies.”
In addition to the fundraising, KdT has promoted Dr. Phil Grayeski to managing partner and Patrick Malone to partner.
- The fund is the firm’s largest to date
- KdT’s AUM now exceed $250m
- Based in Austin and Research Triangle, North Carolina, KdT was founded by Cain McClary in 2017
KdT Ventures, which invests in early-stage science-driven start-ups, has closed its oversubscribed fourth fund at more than $100 million.
Fund IV is the 7-year-old firm’s largest fund to date, eclipsing the $80 million it raised for Fund III in 2022. The firm’s total assets under management now exceed $250 million.
Fundraising appears to have taken just four months, as KdT filed a Reg D for Fund IV in June 6.
The Austin-based firm did not disclose the names of investors. LPs in previous funds include Hillman Family Foundations (Fund III) and Goldhirsh Foundation (Fund II), according to fundraising data from affiliate title Buyouts.
“Scientific breakthroughs are rapidly transforming our physical world, and we remain committed to backing the most ambitious founders who are harnessing these advances to build groundbreaking companies,” KdT founder and managing partner Dr. Cain McClary said in a statement. “Our investments target technical founders who are leveraging cutting-edge chemistry, biology, compute and other scientific disciplines to create revolutionary products and technologies.”
In addition to the fundraising, KdT has promoted Dr. Phil Grayeski to managing partner and Patrick Malone to partner.
