In 2011, a group of early Facebook employees pooled together some capital, $1.25 million to be exact, and created a venture firm based on the idea that developing ideas and forming successful companies takes time. Slow Ventures, they called it, went on to back some of the buzziest unicorns at the seed-stage, including Slack, Casper, Postmates and Airtable.
Today, Slow is announcing its fourth big fundraise: $220 million for two funds. Specifically, the firm has attracted $165 million for its fourth flagship seed fund and an additional $55 million for its first follow-on fund.
“With our first Opportunity Fund, we’re excited to be able to invest additional capital in existing Slow portfolio companies as they scale, while also now being able to invest for the