8VC, the $6 billion venture firm co-founded by Palantir co-founder Joe Lonsdale, has named veteran tech executive Karen White as executive partner.
White has led multiple tech companies. Most recently, she served as CEO of risk management software company RMS, which was acquired by Moody’s for $2 billion in 2021. Before that, she was president and COO of fintech company Addepar and CEO of enterprise file sharing company Syncplicity, according to her LinkedIn profile.
“She will work side by side with CEOs and founders to help scale their businesses and evolve their strategies and execution, building on a decade as a key adviser to both 8VC and portfolio companies including Addepar and OpenGov,” 8VC said in a statement. “From the 8VC platform, Karen will also co-found and lead a new technology company, to be announced at a later date.”
White previously served as an adviser to 8VC since January 2016.
“I’ve had the privilege of learning from and working closely with Karen for over a decade,” Lonsdale said. “She is respected throughout the tech world as an important leader who has achieved remarkable success over the years.”
8VC, which is based in Austin, Texas, manages more than $6 billion in committed capital. It primarily invests in enterprise platforms, healthcare, logistics, Bio-IT, defense technology and AI. Companies backed by 8VC include Anduril, Atomic AI, Asana, Hims, Palantir and The Boring Company, according to its website.
The firm closed on $880 million for its most recent fund, 8VC Fund V, in March 2023 after raising $640 million for 8VC Fund IV in June 2021, according to fundraising data from affiliate Buyouts. 8VC did not disclose the names of investors in Fund IV or V.
One LP known to have invested in 8VC Fund III (vintage 2020) is the University of Michigan, which committed $50 million to the $640 million vehicle. The university also committed $40 million to 8VC Fund II, which closed on $640 million in 2018. Other LPs in Fund II included the Markle Foundation and the Richard Salomon Family Foundation, which committed undisclosed amounts, Buyouts reported.
