Kutcher’s Tech Fund A-Grade Investments, Valued at $150 Million

Kutcher's Tech Fund A-Grade Investments, Valued at $150 Million

A-Grade Investments, a venture capital fund founded in 2010 by Guy Oseary, Ashton Kutcher and Ron Burkle, has a new valuation: $150 million, as Billboard reveals in a cover story detailing Oseary’s new management consortium, Maverick. The fund had most recently been valued at $100 million, as announced at TechCrunch’s Disrupt NY Conference in May 2013.

As Billboard previously reported in an April 2013 cover story detailing the tech investments of Oseary and fellow music moguls Scooter Braun and Troy Carter, A-Grade’s portfolio of more than 20 companies includes Airbnb, Shazam, Path, Flipboard, Foursquare, Uber, Spotify, Fab.com and Soundcloud. Other investments include Pinterest, Washio, Nextdoor and Houzz.

“Not dissimilar to music,” Oseary says, “supporting a startup can at times be like supporting an artist. They have to have a voice and a vision so you can back them. It’s your job, like in A&R at a record company, to identify the voice and to say, ‘That voice speaks to people, let’s get it out there to as many people as possible.'”

This article originally appeared on Billboard.com.