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Patron Raises $100M Fund II
San Francisco, CA / ACCESSWIRE / September 17, 2024 — Patron, a venture capital firm, announced the raise of a $100 million Fund II. The firm focuses on early-stage consumer startups. Key institutional backers include Horsley Bridge Partners, university endowments, and sovereign wealth funds. Notable individual investors, such as Marc Andreessen and Garry Tan, also participated.
Patron was founded in 2021 by Jason Yeh and Brian Cho, both former executives at Riot Games. Amber Atherton, previously a venture partner, joined full-time in 2023. Fund II aims to build on the successes of its $90 million Fund I, which invested in 21 companies.
Prominent Fund I investments include Altera, Kudos, Tonic Music, and Raid Base. Patron has already made four investments with Fund II, with further details to be disclosed soon.
R. H.
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