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Obvious Ventures Closes Third Fund At A Not-So-Obvious Size

Obvious Ventures, founded in 2014 by Medium CEO and Twitter co-founder Ev Williams, as well as James Joaquin and Vishal Vasishth, has closed its third fund at $271,828,182.

The third fund will continue to invest in what Obvious Ventures’ previous two funds, closed at $123,456,789 and $191,919,191 respectively, cared about: early-stage impactful companies.

Obvious Ventures wants to stay away from the term impact investing, thanks to the category’s stereotype of being cushy about returns.

“When the fund first started, we did get a lot of people coming to us thinking of us as a social impact fund,” Beebe told Crunchbase News back then.

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