Other companies in the firm’s portfolio are farther afield. Recent investments in the firm’s portfolio include Firedome, an endpoint security company NewtonX, which provides a database of experts Radar, a location-based data analysis company and Terray Therapeutics, which uses machine learning for drug discovery. “We thought eight years ago when when started, that more and more companies of the future would be tapping into those trends.”īeirne describes the firm’s investment thesis as being centered on backing data-driven companies across any sector - from consumer technology companies like the social networking monitoring application, Bark, or the high-performance, high-end sports wearable company, Whoop.Īlongside Beirne, Two Sigma Ventures is led by three other partners: Dan Abelon, who co-founded SpeedDate and sold it to IAC Lindsey Gray, who launched and led NYU’s Entrepreneurial Institute and Villi Iltchev, a former general partner at August Capital. “ The world is becoming awash in data and there’s continuing advances in the science of computing,” says Two Sigma Ventures co-founder Colin Beirne. Now, eight years and several investments later, the firm has raised $288 million in new funding from outside investors and is pushing to prove out its model, which leverages its parent company’s network of 1,700 data scientists, engineers and industry experts to support development inside its portfolio. The second fund was a $150 million vehicle that was backed primarily by the hedge fund, but included a few external limited partners. At the time of the firm’s launch it made a series of investments, totaling about $70 million, exclusively with internal capital.
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