Under-the-Radar VC Raises $27M Third Fund, Invests in Hottest Startups Such as Jasper and Motherduck: Exclusive Interview

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Essence VC, headed by founder Tim Chen, has raised $27m for its third fund. The fund’s focus on data infrastructure, developer tools, and AI has led to investments in companies such as Jasper, Motherduck, and Sardine, which was valued at almost $500m in its most recent round of funding. Chen is seen as a well-connected investor who often gains difficult to obtain feedback from his firms. He has this crystal ball into what VCs are looking for, said Liz O’Sullivan, CEO of AI compliance startup Vera. Chen invests predominately in pre-seed rounds, often leading.

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Frequently Asked Questions (FAQs) Related to the Above News

Who is the founder of Essence VC?

Tim Chen is the founder of Essence VC.

How much money did Essence VC raise for its third fund?

Essence VC raised $27m for its third fund.

What is the fund's focus?

The fund's focus is on data infrastructure, developer tools, and AI.

Which startups has Essence VC invested in?

Essence VC has invested in startups such as Jasper, Motherduck, and Sardine.

What was the valuation of Sardine in its most recent round of funding?

Sardine was valued at almost $500m in its most recent round of funding.

What is Tim Chen known for in the investment community?

Tim Chen is known for being a well-connected investor who often gains difficult to obtain feedback from his firms.

What types of rounds does Chen invest in?

Chen invests predominately in pre-seed rounds, often leading.

Who provided a statement about Chen's abilities as an investor?

Liz O'Sullivan, CEO of AI compliance startup Vera, provided a statement about Chen's abilities as an investor.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Advait Gupta
Advait Gupta
Advait is our expert writer and manager for the Artificial Intelligence category. His passion for AI research and its advancements drives him to deliver in-depth articles that explore the frontiers of this rapidly evolving field. Advait's articles delve into the latest breakthroughs, trends, and ethical considerations, keeping readers at the forefront of AI knowledge.

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