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Dimension Capital raises $800 million for third fund, betting on science and computing

Dimension Capital, a venture firm that invests at the intersection of science and computing, has raised $800 million for its third fund. The new fund is 60% larger than the firm's second fund, which was announced just 18 months ago. Dimension Capital was founded four years ago and focuses on startups that combine advanced scientific research with computing technology. The firm's growing fund size reflects increasing investor interest in areas like artificial intelligence, biotechnology, and other deep-tech fields. The $800 million fund will be used to back early-stage companies that are pushing the boundaries of science and computing. Dimension Capital's previous funds have supported companies in sectors such as drug discovery, materials science, and AI-driven automation. The firm's strategy involves identifying startups where computational methods can accelerate scientific breakthroughs. The larger fund size suggests strong demand from limited partners, including institutional investors, to gain exposure to this fast-growing area of venture capital. Dimension Capital did not disclose specific details about which types of companies it will target with the new fund, but it is expected to continue its focus on the convergence of science and computing. The firm's portfolio includes several companies that leverage machine learning and data analysis to solve complex scientific problems. This latest fundraising round highlights the ongoing boom in venture capital for deep-tech startups.

Sources: TechCrunch
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