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LA Venture: M13’s Carter Reum On His New $400 Million Fund and How Web3 Will Change Business

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On this episode of the LA Venture podcast, M13 co-founder Carter Reum talks about the firm's new $400 million fund and how he aimed to create a different kind of venture firm.

With Fund III, Reum said M13 is writing $8 to $15 million checks across fintech, healthcare, food and real estate. But another market Reum has his eye on is the evolving creator economy and the ways that the next iteration of the web is changing businesses’ relationships with consumers.

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Joseph Seif

Sign up for dot.LA's daily newsletter for the latest news on Southern California's tech, startup and venture capital scene.

M13, the consumer tech-focused venture capital firm that has backed the likes of Snap, Bird and Lyft, has landed by far its largest fundraising haul to date—raising $400 million for its third fund.

The new fund far exceeded M13’s target of $275 million raised, the Santa Monica-based firm said Thursday. It plans to deploy the cash to early-stage startups across four broad investment categories: work, commerce, health and money.

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