Apr 23, 2018

Scoop: 8VC raises $640 million for new fund

Joe Lonsdale. Photo by Brian Ach/Getty Images.

8VC, the San Francisco-based venture firm led by Joe Lonsdale, has quietly closed its second flagship fund with $640 million in capital commitments, Axios has learned.

Bigger picture: 8VC has now raised around $1.5 billion in total fund capital since being formed in 2015, following the break-up of Lonsdale's former firm, Formation 8. Portfolio companies include Wish, Addepar, Common, Guardant Health and Honor.

Go deeper

America's future looks a lot like Nevada

Illustration: Sarah Grillo/Axios

Today's Nevada caucus will foreshadow the future of American politics well beyond 2020.

Why it matters: The U.S. is in the midst of a demographic transformation, and the country's future looks a lot like Nevada's present. Today's results, in addition to shaping the 2020 race, will help tell us where politics is headed in a rapidly changing country.

Coronavirus spreads to more countries, and U.S. ups its case count

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus continues to spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting those are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the U.S. Meanwhile, Italy reported its first virus-related death on Friday.

The big picture: COVID-19 has now killed at least 2,359 people and infected more than 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel, Lebanon and Iran.

Go deeperArrowUpdated 14 hours ago - Health