9Unicorns launched Fund II with $200 M goal, rebrands itself to 100Unicorns

Fund for early-stage accelerators After rebranding, 9Unicorns has announced the opening of its second fund. 9Unicorns will now go by 100Unicorns as a result of this rebranding.

Part of the multistage investment firm Venture Catalysts Group, 100Unicorns has opened its second accelerator fund, 100Unicorns Fund II, with a $200 million target and a $100 million greenshoe option.

100Unicorns Fund I (previously 9Unicorns) made investments in a number of startups in its inaugural fund, including Videoverse, Trunativ, ZyppElectric, Renee Cosmetics, and IGP.

Along with product, business, and fundraising support, it offers funding in the first round, ranging from $300,000 to $1 million per startup. Subsequent rounds with co-investors range from $500,000 to $2 million after this.

With programs like DDay and ProStar acting as catalysts for more than 80 startups that have together raised about $400 million in funding, 100Unicorns claimed to have played a significant role in the startup ecosystem.

The fund hopes to support 200 outlier startups with the new fund and help them break into the billion-dollar club in the next ten years.