Kevin Hartz's A* closes $450M third seed-only fund

Early-stage VC firm A*, run by Eventbrite cofounder Kevin Hartz and former Coatue investor Bennett Siegel, closed its third fund at $450M on May 12, its largest yet. Following $300M in 2021 and $315M in 2024, the fund keeps a concentrated seed strategy: 30-40 investments per fund, average checks of $3-5M, and target ownership above 10%.