UC Berkeley SkyDeck Closes $24M Venture Capital Fund

UC Berkeley SkyDeck, an official startup accelerator of the University of California at Berkeley (UC Berkeley), recently closed a $24m venture fund.

Led by Founding Partner Chon Tang, Berkeley SkyDeck Fund is a venture capital fund which invests $100k in each startup participating in the accelerator program. It will share 50 % of profits with the university.

Launched in 2012 as a workspace for startups and led by Caroline Winnett, Executive Director, Berkeley SkyDeck provides funding for its startups via a public-private partnership, bringing funds back to UC Berkeley with the above dedicated investment fund, resources such as connections with top advisors from the research and business communities of UC Berkeley, and access to the university’s fabrication facilities, computing resources, lab space, etc.