
Innovation Endeavors Amasses $600M for Emerging Tech Fund
Former Google CEO Eric Schmidt’s venture capital firm, Innovation Endeavors, has raised $600 million for its fifth flagship fund.
The firm invests in a variety of developing technologies, including climate, computing infrastructure, the physical economy, artificial intelligence, and supply chains.
Schmidt, Scott Brady, and Dror Berman co-founded Innovation in 2010. The firm seeks to invest in startups at the seed and Series A stages, often committing between $1 million and $15 million at the outset. According to a US SEC filing, the firm has 85 limited partner commitments.
Schmidt was Google CEO between 2001 and 2011, and also founded VC firm Tomorrow Ventures.
The firm has met its fundraising goal, but the document does not state if the vehicle is now closed. Innovation already raised $500 million for the fourth flagship fund’s final closing in 2021.

