Miguel López Amidst the backdrop of mixed news regarding inflation, Silicon Valley continues to witness a healthy influx of capital. A case in point is Top Tier Capital, a San Francisco-based venture capital and private equity firm, which recently announced securing $1.05 billion in funding to invest in global venture funds and technology companies.
Focus on Global Ventures
Top Tier’s managing partner, David York, highlighted that the new capital, including Fund X, single-investor funds, and separate accounts, will prioritize investments in Europe, the Middle East, and Asia. Expressing confidence in the ongoing expansion of technology worldwide, York emphasized the firm’s commitment to future investment endeavors.
Investment Strategy
Founded in 2011 by Philip Paul, Top Tier primarily invests in VC funds while also backing startups alongside select managers through direct secondary and co-investments. With a portfolio encompassing approximately 400 fund interests, including notable names like Andreessen Horowitz and Mayfield Ventures, the firm boasts exposure to over 16,000 venture-backed companies spanning various sectors such as biotechnology, software-as-a-service, web3, and AI.
Impressive Track Record
Over the years, Top Tier has raised approximately $3.7 billion in capital across 12 funds, managing assets exceeding $8 billion. The firm has secured successful exits, including Anaplan, Carbon Black, and Engine Yard. Recent startup investments include Plus One, Paro, and Humane, showcasing Top Tier’s commitment to fostering innovation.
Expansion and Talent Acquisition
In conjunction with the funding announcement, Top Tier revealed the appointment of Jonathan Biggs, formerly a managing partner at SVB Capital in London, as an investment partner. Biggs will continue to operate from London, alongside Michelle Ashworth, who has been promoted to partner status. Jessica Archibald, managing director at Top Tier, emphasized the firm’s dedication to identifying and supporting companies shaping the future, leveraging its industry expertise and robust relationships.
In a rapidly evolving market landscape, Top Tier Capital stands poised to drive innovation and foster growth in the global technology ecosystem.
