Venture

How Tiger Global’s New $3.8B Fund Stacks Up To Its Prior Funds

Tiger Global Management has been busy. In recent weeks, for example, we’ve written about its investments in several companies including casual shoe maker Allbirds and payments processor company Stripe.

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Now it appears that the New York-based investment firm is preparing to do a whole lot more investing. Tiger Global has raised $3.8 billion for its latest fund in a year that’s seen a number of mega fundraises. This one – dubbed Tiger Global Private Investment Partners XI – is believed to be the second biggest venture fund in 2018 thus far and by far, Tiger Global’s largest fund yet.

Tiger Global closed on the fund—its 11th venture capital investment vehicle—earlier this month after shopping it for just six weeks, according to a TechCrunch report. It was initially aiming to raise $3 billion.

The fund will focus on putting money into enterprise and direct-to-consumer companies in China, India and the US, according to TC.

According to Crunchbase, Tiger Global has been steadily increasing its fund size over time, raising a total of $13 billion since 2011. Specifically, Tiger Global Private Investment Partners X LP closed in December 2015, raising $2.5 billion. Fund IX also raised $2.5 billion in November 2014. Prior to that, the investment firm closed on a $1.5 billion fund in April 2014.

Tiger Global has had 50 known exits, including companies such as Facebook, LinkedIn and Spotify, according to Crunchbase. It’s also made 266 investments, leading 140 of those.

Most recently (announced today!), it led a Series A in Belgian bicycle startup Cowboy.

There’s no question that this already prolific investor is about to get even more active with this huge fund.

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