Anzu Partners launches third VC fund for breakthrough industrial and life science tech

Anzu Partners, an investment firm that focuses on early stage industrial and life science technology companies, has launched its third venture fund with USD130 million in commitments to date toward a USD300 million target size.

Anzu’s Fund III will invest in early-stage breakthrough technology companies that can shape and enable high growth sectors that are essential to prosperity, productivity, and sustainability. The fund’s investors include public and private institutions, single and multifamily offices, and individuals across the U.S. and overseas.

Since its founding in 2014, Anzu Partners has grown into a robust investment firm with over 50 team members, and approximately USD935 million in strategic assets across several funds and strategies, including two existing oversubscribed venture funds (Fund 1 USD128 million, Fund II USD190 million), a USD425 million Special Purpose Acquisition Company (SPAC), and a series of special purpose vehicles. 

Since the close of Fund II, Debrah Herman, Dr John Ho, and most recently, international investment banker William H Strong, have joined Managing Partners David Michael, David Seldin, and Whitney Haring-Smith on Anzu’s leadership team.

Anzu will build on its existing portfolio of over 25 companies with the launch of Fund III. The firm continues to focus on identifying and supporting teams pioneering innovations that address major global challenges ranging from next-generation manufacturing to therapy discovery. 

“Innovations in life sciences and industrial technologies continue to proliferate since the launch of our first two funds, and we see an even greater opportunity to work with early-stage companies and commercialize their scientific breakthroughs,” says David Michael, Managing Partner, Anzu Partners. “Not only do we provide capital, we also utilise our technically-oriented team of investment and operational professionals to offer support on financial management, operations, talent development, global connectivity, strategy, and more, to truly serve as a partner. We are excited about the future of Anzu Partners and our portfolio as we begin to explore the already active pipeline of opportunities for Fund III.”