Kevin Hartz’s A* just closed its third fund with $450 million

A* Capital has raised $450 million for its third fund, signaling continued strong investor confidence in early-stage ventures across AI, fintech, healthcare, and security—categories critical to enterprise digital transformation. With an average check size of $3-5 million and plans to deploy capital over 2-3 years, this fund represents a significant influx of innovation capital into emerging technologies that will likely reshape competitive landscapes for established IT organizations. CIOs should monitor A*'s portfolio companies and investment thesis closely, as their backing of young founders and cutting-edge technologies suggests where disruptive capabilities and talent pipelines are forming.