Key Takeaways
- • Zacua Ventures, a San Francisco-based venture capital firm focused on early-stage technology for the built environment, closed its second fund, Fund II, at $135 million.
- • The raise more than doubled the size of Zacua's $56 million debut fund and was 35% oversubscribed.
- • Fund II drew commitments from a growing network of more than 30 institutional investors and corporate limited partners.
- • Fund II will focus on the "Physical Industries," the foundational sectors that build, power and operate the modern world.
Summary
Zacua Ventures, a global venture capital firm focused on early-stage technology for the built environment, has closed its second fund, Fund II, at $135 million, according to a Business Wire release datelined San Francisco. The vehicle more than doubles the size of Zacua's $56 million debut fund and was 35% oversubscribed, a level of demand the firm attributes to a growing network of more than 30 institutional investors and corporate limited partners.
The fund's strategy centers on what Zacua describes as the Physical Industries, the foundational sectors that build, power and operate the modern world. The firm's name and positioning reflect its construction roots, with the strategy directed at startups developing technology for the built environment rather than broader consumer or software-focused venture themes.
For allocators, the key data points are the fund size, the step-up from the $56 million first vehicle, and the 35% oversubscription, which indicates that the final close exceeded its target. The release does not disclose the target fund size, fee terms, or the specific number of portfolio companies planned for Fund II. The source material available for this story is limited to the original press release and a headline-level syndication, so further detail on Zacua's portfolio, leadership, or track record is not contained in the reporting.
The fund's strategy centers on what Zacua describes as the Physical Industries, the foundational sectors that build, power and operate the modern world. The firm's name and positioning reflect its construction roots, with the strategy directed at startups developing technology for the built environment rather than broader consumer or software-focused venture themes.
For allocators, the key data points are the fund size, the step-up from the $56 million first vehicle, and the 35% oversubscription, which indicates that the final close exceeded its target. The release does not disclose the target fund size, fee terms, or the specific number of portfolio companies planned for Fund II. The source material available for this story is limited to the original press release and a headline-level syndication, so further detail on Zacua's portfolio, leadership, or track record is not contained in the reporting.
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