Ashton Kutcher's Sound Ventures Aims for New $150M Fund
Rachel Uranga is dot.LA's Managing Editor, News. She is a former Mexico-based market correspondent at Reuters and has worked for several Southern California news outlets, including the Los Angeles Business Journal and the Los Angeles Daily News. She has covered everything from IPOs to immigration. Uranga is a graduate of the Columbia School of Journalism and California State University Northridge. A Los Angeles native, she lives with her husband, son and their felines.
Ashton Kutcher's Sound Ventures is trying to raise another $150 million fund, according to paperwork filed with the Securities and Exchange Commission.
Founded in 2015 by Kutcher and former talent scout Guy Oseary, the VC firm was created with $100 million from Liberty Media and helped propel Kutcher into one of Hollywood's most active and high-profile investors.
The two previously headed a firm called A-Grade with billionaire Ron Burkle and were early investors in Uber Technologies. Burkle left and the two brought on Effie Epstein to form Sound Ventures.
Sound Ventures' last fund closed in 2018, also for $150 million. Since its inception, the firm has invested in Casper, Bird, Moovit, Robinhood, Gusto and Calm, among other startups.
Over the last decade, Kutcher has sunk more than $3 billion into startups and participated in 177 funding rounds over the past decade, according to Business Insider.
Most recently, the firm invested in transnational credit agency Nova Credit and Helm.ai, an AI platform for driverless cars.
Sound Ventures did not respond to a request for comment.
Rachel Uranga is dot.LA's Managing Editor, News. She is a former Mexico-based market correspondent at Reuters and has worked for several Southern California news outlets, including the Los Angeles Business Journal and the Los Angeles Daily News. She has covered everything from IPOs to immigration. Uranga is a graduate of the Columbia School of Journalism and California State University Northridge. A Los Angeles native, she lives with her husband, son and their felines.
