How Unique Software is Giving This Venture Firm an Edge

645 Ventures, founded by Aaron Holiday and Nnamdi Okike, uses software to enhance seed-stage investing, integrating data-driven decision-making into a traditionally network-driven field. The firm launched its first fund in 2014 with $8 million and by late 2022 had raised $350 million across two funds. It differentiates itself through software development for investment sourcing and a unique outbound deal-sourcing model. Over 50% of its seed-stage investments advance to Series A. Notable acquisitions include Aryeo by Zillow, Resident by Ashley HomeStore, Oort by Cisco, and Betterview by Nearmap. FiscalNote went public via SPAC in August 2022. 645 Ventures plans to invest in 30 companies from its fourth fund, focused on top-performing companies, with a team of 21 across New York and San Francisco.

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