425m

The new funds come two years after BoxGroup raised $255 million for its fifth early-stage fund and second opportunity fund. The sixth early-stage fund is almost double the fifth one, Tisch notes. “For our early-stage fund, we grew, which in this environment, is of note,” Tisch said. “In fact, it’s a pretty significant growth of the early-stage fund. Similar to previous funds, Tisch expects to inject capital from the new funds into 40 to 50 new startups, writing check sizes between $500,000 and $1 million.