HomeUSARefactor Capital Closes $50M Fund 4

Refactor Capital Closes $50M Fund 4

refactor capital

Refactor Capital, a Burlingame, CA-based venture capital firm, closed its fourth fund, at $50m.

With 90% of capital raised from existing investors, the new vehicle will look to lead pre-seed and seed investments in bio, climate, and other hard tech startups.

Led by solo capitalist Zal Bilimoria, Refactor plans to invest in 20-25 companies over the next three years with this fourth fund. Since its 2016 launch, Refactor has invested in over 100 companies including four unicorns to-date such as Solugen and Astranis, as well as startups working on novel battery technologies, cancer therapies, IVF advancements, and innovations in the $5T chemicals industry.

Before founding Refactor, Bilimoria was a partner at Andreessen Horowitz, where he helped launch a16z’s first Bio Fund in 2015. Prior to entering the venture capital world, Bilimoria spent a decade launching new products at major tech companies, including Google, Netflix, LinkedIn, and Microsoft, and was also the founder of a consumer mobile startup.

Commenting on the close of the new fund, Bilimoria said: “I’m excited to continue backing founders solving hard but not impossible problems in an effort to create a better future for society. Being a solo capitalist allows me to move fast, build trust quickly, and work closely with founders reshaping industries. Investment decisions are at my sole discretion, allowing me to make decisions in a matter of days — not weeks or months. Founders have me on speed dial and receive all my attention along with Refactor’s $1-2M investment.