SCOOP: San Diego's Harpoon Ventures Closes $125 Million for Its Fourth Fund
The 5-year-old venture capital firm was started in Menlo Park and opened a San Diego office in 2021 to be closer to promising military tech scene.
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Harpoon Ventures, a San Diego-based venture capital firm, has raised $125 million for its fourth fund to continue backing technology startups with government and commercial uses that have a high likelihood of generating outsized outcomes.
The fund which closed on Friday, is about $3 million more than its third fund which it closed back in August 2021. Bloomberg was first to report the news here featuring a live interview with Larsen Jensen on its television network this evening.
“This fund brings our total assets under management to $300 million, allowing us to expand our support for breakout founders who are building the companies that will define our future,” said Larsen Jensen, general partner at Harpoon Ventures, who moved to Coronado during the pandemic.