Tomasz Tunguz’s Idea Ventures has raised a $450 million second fund, filings say

The agency was began in 2023 by Tomasz Tunguz, a former managing director at enterprise capital agency Redpoint. Tunguz made his identify at Redpoint with investing wins like information analytics firm Looker—bought to Google-parent Alphabet for $2.6 billion in 2019—and customer support software program startup Kustomer, acquired by Fb-parent Meta in 2020 for a reported $1 billion. 

This second fund of $450 million is a significant step up from final 12 months’s first fund of $230 million. Up to now, Tunguz and Idea’s investments embody information infrastructure platform Allium, blockchain infrastructure firm Initia (final valued at $350 million), and open supply information operations startup Tobiko. 

Idea describes itself as a “theory-driven” agency, and tends to put money into enterprise software program, AI, crypto, and information instruments. Among the many early VC bloggers with a considerable social media following, Tunguz co-wrote a guide referred to as Successful with Knowledge in 2016. 

Idea Ventures declined remark.