Altos Ventures, a Silicon Valley-based venture capital firm, has raised $500 million for its latest fund. This is the largest fund the 28-year-old firm has secured to date, with over $7 billion in assets under management. Altos specializes in enterprise and consumer software sectors, focusing on SaaS, consumer, and mobile investments. The new fund demonstrates the continued ability of well-established firms to raise substantial capital despite a cooling venture market.

Source: https://techcrunch.com/2024/11/12/altos-ventures-an-early-backer-of-coupang-and-roblox-raises-500m-fund/