Dimension, a notable venture capital firm, is in the process of raising its third fund, with aspirations to secure approximately $700 million. This new fund aims to invest in enterprises that integrate artificial intelligence with scientific innovation.
Founded by a trio of experienced venture capitalists, who previously held positions at Lux Capital and Obvious Ventures, Dimension launched in 2023. It successfully raised its first fund and quickly followed up by compiling a second fund within less than two years.
According to sources familiar with the fundraising efforts, Dimension is actively seeking to attract investors for this third fund, which will primarily focus on companies at the intersection of AI and science. The sources, who spoke on condition of anonymity due to the confidential nature of the discussions, indicated that the firm aims to raise around $700 million.
At this time, the founders of Dimension have opted not to provide any comments regarding their fundraising activities.