Savant Growth raises $500m

The Kennet Partners spin-out has closed its debut B2B technology fund above its target.

Fund name: Savant Growth Fund I
Target size: $350 million
Actual size: $500 million
Launch date: February 2020
Stage of fundraising: Final close

Savant Growth held a final closing of Savant Growth Fund I at $500 million, according to a press release by the firm. The vehicle exceeded its $350 million target and will be used to invest in growth-stage artificial intelligence and software-as-a-service businesses throughout the United States.