Cowboy Ventures, a Palo Alto, CA-based early stage venture capital firm, raised $260M raised for two new funds.
The funds are:
- Cowboy Fund IV, a $140M seed fund, and
- its first “Mustang Fund”, a $120M fund for investing in breakout Cowboy portfolio companies.
The firm will continue to invest in a mix of US-based enterprise and consumer-focused startups in categories like vertical SaaS, enterprise infrastructure, developer tools, big data, security, fintech of all kinds, AI-driven software, and new consumer opportunities. Healthcare is also a growing area of investment at Cowboy.
They will keep on investing in founders who have a unique insight into solving an important business problem in a potentially large and growing market ($Bns). Their product may replace incumbent software, or replace an existing business process with a measurably better, tech-driven solution. The firm also aims to back founders with a vision that will help create a whole new category.
The founders get personalized help that leverages all of Team Cowboy plus benefits from a curated Cowboy community of founders and operators. Support includes strategizing, making smart trade-offs, recruiting, financial planning, story telling, fundraising, coaching, making introductions, building diverse teams, etc.