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Founders Circle Capital has raised a new $355 million fund to buy secondary startup shares


Founders Circle Capital, a nine-year-old, San Francisco-based investment firm that strikes agreements with private, venture-backed companies to buy some of the vested stock options of their founders and employees — so they can buy a house or just breathe a bit more easily — has closed its newest fund with $355 million in capital commitments, bringing the firm’s total assets under management to nearly $1 billion.
Not surprisingly, the outfit, which has more competition than ever — both by other secondary investment firms, aggressive outfits like Tiger Global that routinely acquire secondary stakes in companies, as well as special purpose acquisition companies that are …

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