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Tiger Global, the investor that spurred the VC bull market of 2020-2021, is reportedly raising a fresh $2.2 billion fund.<\/p>\n
The firm sent a letter to potential limited partners, according to a copy obtained by CNBC<\/a>, seeking to raise the cash for a vehicle called Private Investment Partners 17 (PIP 17). The letter also promises a more humble approach than during the 2021 bull-market madness.<\/p>\n During that time, Tiger Global was moving fast and investing abundantly, a method the venture industry calls \u201cspray and pray.\u201d<\/p>\n PIP 15, raised in 2021, was a whopping $12.7 billion fund that pumped cash into startups at a blinding pace largely at peak valuations,\u00a0TechCrunch reported.<\/a>\u00a0<\/p>\n In 2021 alone, the hedge fund backed\u00a0315 startups<\/a>, according to PitchBook data, and spurred bidding wars among VCs to get stakes in even unproven startups that ratched up valuations.<\/p>\n When interest rates rose, the party was over, and startups spent years<\/a> trying to live up to their 2021 valuations, many shuttering along the way<\/a>. <\/p>\n After the venture market crash in 2022-23, prolific Tiger Global investor John Curtius left to start his own fund<\/a>, and Scott Shleifer, the firm\u2019s chief of private equity investments, transitioned to an advisory role<\/a>, while Tiger\u2019s famed founder, Chase Coleman, took on a more direct role.<\/p>\n Techcrunch event<\/p>\n \n\t\t\t\t\t\t\t\t\tSan Francisco<\/span>
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\n\t\t\t\t\t\t\t\t\t\t\t\t\tOctober 13-15, 2026<\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n