8-Bit Capital, co-led by Jonathan Abrams, has closed its first fund with $40 million

8-Bit Capital, co-led by Jonathan Abrams, has closed its first fund with $40 million

3 years ago
Anonymous $dRhNkMsRKr

https://techcrunch.com/2021/10/04/8-bit-capital-co-led-by-jonathan-abrams-has-closed-its-first-fund-with-40-million/

Jonathan Abrams and Kent Lindstrom have partnered on a lot of things over the years. Lindstrom was an advisor and investor at the early social networking service Friendster, founded by Abrams. He was also the COO of social news aggregator Nuzzel, which was founded by Abrams and that sold to a subscription startup called Scroll in 2019. (Scroll later sold to Twitter, which shut down Nuzzel in May.)

Because both have been angel investing all the while, and because there’s still a lot of money looking to find its way into startups, it isn’t surprising that they decided more recently to raise an actual seed-stage fund from outside investors, or that they decided to invest it together.

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