Dimension Capital’s $800M third fund shows the intersection of science and compute is booming

In Brief

While galore newer VC firms are inactive struggling to rise caller capital, Dimension Capital, founded successful precocious 2022, has been raising progressively larger funds successful speedy succession.  On Tuesday, the New York steadfast — which invests astatine the intersection of subject and compute — announced an $800 cardinal fund, which is 60% larger than its $500 million 2nd conveyance announced conscionable 18 months ago.

When Zavian Dar and Adam Goulburn — formerly partners astatine Lux Capital —teamed up with Obvious Ventures alum Nan Li to motorboat the steadfast 4 years ago, they stake that founders would progressively privation to physique deep-tech companies that crossed the boundaries of biotech and software. Now, the 3 partners admit to being impressed by however rapidly their thesis has played out.

In 2024, they co-led a $30 cardinal effect concern successful Chai Discovery. The startup, which is processing open-source AI instauration models for cause development, announced past week that it raised $400 million at a $3.8 cardinal valuation. The steadfast besides backed anti-aging startup New Limit astatine its Series A circular successful January 2025. Earlier this month, New Limit, co-founded by Coinbase CEO Brian Armstrong, completed a Series C astatine a $3.1 cardinal valuation.

The firm’s different notable investments see inference institution Modal Labs and Anthropic. Dimension received shares successful the AI elephantine aft Anthropic acquired its portfolio company, the cause find level Coefficient Bio this outpouring for a reported $400 million.

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