Posted by Alumni from Crunchbase
June 6, 2023
Asymmetric is one of the firms that has professionalized the very early seed investing market, previously dominated by angel investors and smaller seed funds. The firm raised its first fund of $105 million in 2021 at the market peak. Its team is spread across New York, Boston and San Francisco. The firm has invested more than half of its fund since 2021. Eighteen of those investments have been in companies where it has led with larger checks of more than $1 million. It's invested in another 43 portfolio companies with smaller checks between $100,000 and $150,000. Asymmetric's entrance on the scene came as seed funding overall grew in 2021 and through the first half of 2022 before flattening and cutting back, according to an analysis of Crunchbase data. Based on the increase in funding since 2021, more companies than ever are milling around at seed as Series A funding has gotten harder. Companies that raised at high valuations are now seeing those valuations cut back drastically,... learn more
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