New York-based Tiger Global may be best known for leading late, large growth rounds in companies like Peloton, Kajabi and ServiceTitan — but the firm’s partners apparently are looking at the earliest stages of funding as their next frontier.
According to a report from The Information, partners at Tiger have committed $1 billion of their own money to invest in seed funds. The commitment entails partners investing a little more than $300 million in the funds every year, according to the report.
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The news comes after reports that large crossover firms like Tiger and D1 Capital are pulling back on late-stage investments, as the public market’s rocky ride continues, and geopolitical tensions and inflation concerns continue to grow.
While the report refers to Tiger’s partners backing other firms’ funds, Tiger itself already has participated in more seed rounds this year than last, according to Crunchbase data.
Tiger has backed seven such rounds this year — leading or co-leading two — while it invested in six all of last year. All six of those seed rounds Tiger led or co-led.
Illustration: Dom Guzman
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Author: Chris Metinko