#USA #New York #Fund II #Asymmetric Capital #Early-stage Investors

Asymmetric Capital Partners Closes $137 Million Fund II

In an impressive display of confidence from investors, Asymmetric Capital Partners, an early-stage technology investment firm, announced the successful closing of its second fund, Asymmetric Fund II, at a remarkable $137 million, significantly exceeding its initial target of $125 million. Founded in 2021, Asymmetric has quickly established itself as a formidable player in the venture capital landscape, aiming to empower founders at the earliest stages of their journeys.

This new fund has garnered robust support from prior investors in Fund I, alongside an influx of new institutional and family office investors. With a cumulative asset management portfolio now exceeding $240 million, Asymmetric Capital Partners is set to make substantial impacts in various sectors, marking a notable ascent in a competitive investment environment.

A Focused Investment Strategy

Asymmetric Fund II continues the firm’s commitment to high-conviction, operator-led investing strategies that proved successful with Fund I. This fund is dedicated to targeting concentrated ownership stakes in companies, allowing them to work closely with founders and be actively involved in the development and growth of the companies they invest in. Investments will typically range from $2 to $10 million, focusing on three key sectors:

• - Vertical Software for Legacy Industries: Investing in platforms that modernize outdated workflows in large, underserved markets.
• - Healthcare IT Services: Partnering with visionary entrepreneurs who are creating technology solutions that enhance healthcare delivery, reduce costs, and improve patient outcomes.
• - **SMB Consolidations (

Rollups'): Supporting technology-driven operators who are consolidating fragmented industries to emerge as market leaders.

Rob Biederman, the Managing Partner at Asymmetric, commented, "With Fund II, we are doubling down on the disciplined, high-conviction investment strategy that characterized Fund I's success. Our approach allows us to take meaningful ownership interests in companies and collaborate closely with founders to cultivate enduring enterprises."

Strong Performance of Fund I

Launched with $105 million, Fund I has successfully backed 29 core investments and enjoyed three profitable exits, including notable acquisitions such as Torc by Randstad, EvolutionIQ by CCC Intelligent Solutions, and Zorus by DNSFilter. The fund has achieved a position in the top 5% of its vintage, as highlighted by its strong DPI performance, validating Asymmetric's operator-centric investment philosophy.

In a market where only 8% of first-time venture funds from the 2021 vintage have been able to raise larger fundraising rounds, the closing of Fund II stands as a noteworthy achievement in an increasingly challenging fundraising climate, as reported by Pitchbook.

Backed by Experienced Limited Partners

The limited partner (LP) roster for Fund II is particularly striking, consisting of value-added investors with significant experience in venture-backed operations or technology scaling. This depth of experience enriches the fund's ability to support portfolio companies effectively. The General Partner team has also committed over $5 million of personal capital to Fund II, a clear indicator of their alignment and confidence in their strategic direction.

Chris Douvos, founder of Ahoy Capital, a limited partner in Fund II, remarked, "It is rare to find investors like Asymmetric who embody high conviction combined with humility, speed, and strategic acumen. Their results are commendable, yet what sets them apart is their approach—characterized by respect, thoughtfulness, and genuine collaboration."

A Trustworthy Partner for Founders

A significant portion of Asymmetric's deal flow originates from referrals by existing entrepreneurs, underscoring the firm’s solid reputation among founders. Muthu Alagappan, CEO and Founder of Counsel Health, shared, "What distinguishes Asymmetric is their deep commitment to our vision. They have provided essential support across all areas, from recruitment to fundraising strategies. Their partnership has been invaluable at critical points in our growth."

About Asymmetric Capital Partners

Founded in New York City, Asymmetric Capital Partners is a forward-thinking early-stage technology investment firm dedicated to partnering with founders across various critical domains. Their strategy is finely attuned to identifying and nurturing disruptive, technology-driven companies in the Pre-seed through Series A stages. The team blends extensive investing experience with practical operational expertise, positioning themselves as thought partners to founders. With a mission to refine ideas, develop market strategies, and operationalize growth, Asymmetric continues to foster innovation and support the growth of nearly 90 companies to date.

As Asymmetric prepares to unleash Fund II, its focused investments across innovative sectors promise to redefine successes in the venture capital arena, further solidifying its reputation as a leader in early-stage technology investing.