A* Fund III

United States
Seed
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About A* Fund III

A* Fund III is a $450M seed and early-stage fund from Eventbrite and Xoom co-founder Kevin Hartz and ex-Coatue partner Bennett Siegel. The fund writes $3M-$5M checks into roughly 30 companies with high-conviction ownership focus. Carnegie Mellon University is a named anchor LP. Portfolio includes Ramp and Mercor, with a thesis spanning AI applications, fintech, healthcare, and security. The fund represents a 43% step-up over the $315M Fund II.

Investment Focus

Location / RegionUnited States
Funding StageSeed
Industry Focus
Ai Ml
Cybersecurity
Digital Health
Fintech

Investor Signals Profile

active

Sweet Spot

Seed-stage founder in AI, fintech, or healthcare with breakout potential

AI-applications
fintech
healthcare
security
ownership-driven

Bullish Signals

$450M, 43% step-up from Fund IIblog
Carnegie Mellon anchor LP, endowment qualityblog
Ramp and Mercor in portfolioblog

Contrarian Signals

30-company cap, high concentration riskblog
$3-5M checks demand 10%+ ownershipblog

Founder Do's

Build AI, fintech, health, or security
Accept $3-5M check for 10%+ ownership
Show breakout potential from seed stage
Consider young or non-traditional founder path
Target 30-company concentrated portfolio fit

Founder Don'ts

Expect co-investor friendly rounds
Pitch without clear power-law potential
Raise $5M+ without anchoring institutional lead

Key GPs & Partners

KH
Kevin Hartz
Co-Founder & General Partner
ex-foundercontrarianhigh-conviction
BS
Bennett Siegel
Co-Founder & General Partner
metrics-drivenex-Coatuedisciplined

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Fund Overview

Fund Size$450M
Saves0

Key People

Kevin Hartz, Bennett Siegel

Kevin HartzCo-Founder & General Partner
Bennett SiegelCo-Founder & General Partner

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