Breakout Ventures, a firm affiliated with Peter Thiel-founded Breakout Labs, has raised $46.5 million for a maiden venture fund, according to a filing with the SEC.
The San Francisco firm appears to be managed by Lindy Fishburne, who is the executive director of Breakout Labs, a project connected with the Thiel Foundation that backs early-stage companies in areas of food science, clean energy and biomedicine.
Breakout Ventures has a website that is currently just a landing page with a link to Breakout Labs. The firm will back companies in sectors such as energy, technology, materials and biology.
The filing does not list a target for the fund. Thirty-nine LPs made commitments so far.
The filing can be found here.
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