John Curtius, the former Tiger Global Management partner who became a key Silicon Valley dealmaker for the investment firm before his hasty exit two months ago, plans to raise $1 billion for his debut fund, according to two people with direct knowledge of the matter. It will focus on early-stage enterprise software investments.
If successful, the fund would be one of the largest for a first fund launched by a single investor. But Curtius is gearing up to raise money during a particularly challenging period for new venture capital funds, since many limited partners have found themselves overexposed to private investments due to the recent tech stock sell-off. And while Curtius can point to his Tiger track record, including successful investments in restaurant software provider Toast and data analytics startup Databricks, some bets, like DataRobot and Hopin, have foundered.
