Kearny Jackson Fund III Launch

Sunil Chhaya and I are delighted to announce that Kearny Jackson Fund III is live with $65M in committed capital (above our $60M target). The Techcrunch article can be found below.

We started fundraising for Fund III in Jan 2023 and had our first close of $55M in Dec 2023 [SEC Form D filing here].

We’re thankful to our LPs and founders who empower us to do what we love most: backing early-stage B2B software startups.

Some high-level notes on our Fund III:

• No product, no problem. We are comfortable being the first investor & backing founders pre-product or pre-revenue

• B2B focus: SaaS & Infrastructure as a core focus, with Fintech

• Investing $1.5M+ in pre-seed & seed stage startups

• Leading or co-leading rounds

• Targeting 6-10% ownership

• Market focus: North America (USA) as the primary customer market

• Investing in 30-35 companies over 3.5 years

• Made one stealth investment in an ex-Snowflake team

• 50/50 partnership across management company and GP between Sunil and I

• The majority of our LPs are institutional LPs, which include four university endowments (including a top 5), pension funds, several funds-of-funds (FoFs), and many VC partners and tech founders/operators

• Kearny Jackson's portfolio: Motherduck, Cortex, Unit, EigenLayer, Comulate, Rythms, RelayFi, Sprig, and more

Founders get ‘2 for the price of 1’ as they can leverage our respective backgrounds as institutional VCs and founder/operator across the different stages of their company’s lifecycle.

• Bicoastal team. I’m based in NYC, and Sunil is in SF

• Sriram - Ex-operator & founder (2x exit) [LinkedIn]. Investments: Figma, Notion, AngelList, Speak, Framer, and more

• Sunil - Ex-VC at Menlo, Tenaya, & Nextworld [LinkedIn]. Investments: Gong, Relyance, Observe.ai, Strata, and more

The coverage link can be found below.