Eric Schmidt's Innovation Endeavors Raises $630m for Fund V

Innovation Endeavors, founded in 2010 by former Google CEO Eric Schmidt along with Dror Berman, Scott Brady, and Rick Scanlon, has unveiled its fifth fund, securing an impressive $630 million in capital commitments. This marks the private equity firm's largest fund to date, elevating its position among notable venture capital entities like Thomvest Ventures and Myriad Venture Partners.

Specializing in investments at the nexus of science and technology, Innovation Endeavors focuses on cutting-edge sectors such as climate, intelligent software, engineering health, and supply chain optimization. The firm's track record and commitment to innovation have attracted substantial interest from investors, solidifying its reputation as a key player in the venture capital landscape. The successful capital raise underscores the confidence of both existing and new partners in Innovation Endeavors' ability to drive impactful investments at the forefront of technological advancements.