Kearny Jackson, an early-stage VC firm, has raised $65 million for its third fund after securing $14 million for its second fund in 2023. The firm invests in B2B SaaS, infrastructure, and fintech infrastructure, often leading or co-leading rounds.
Co-founding general partner Sriram Krishnan emphasized the importance of time to value for founders launching with Kearny Jackson. The firm’s LP mix includes investors like Sequoia and Marc Andreessen, enabling them to build a strong brand and move quickly to support founders.
Sriram Krishnan, with product management experience at Tinder and Spotify, and Sunil Chhaya, previously with Menlo Ventures and Tenaya Capital, have no problem investing in pre-revenue and pre-product teams. Their diverse backgrounds attracted LPs like Sequoia and prominent investors like Marc Andreessen.
The larger size of their third fund gives Kearny Jackson more leverage to gain ownership stakes in portfolio companies. They target 6% to 10% ownership stake in companies with investments around $1.5 million in pre-seed and seed-stage startups.
The duo plans to invest in 30 to 35 companies over the next three and a half years, with notable investments from previous funds including Motherduck, Cortex, Comulate, EigenLayer, Sprig, and Rhythms.
