First Round Capital is raising a $135 million fourth fund, according to a filing Monday with the Securities and Exchange Commission. So far it appears the fund hasn’t had a first close.
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Online and mobile apps for hiring one’s underemployed neighbors are gaining traction says the founder of TaskRabbit, who sees the trend as offering some indication that small business hiring is on the rise.
The most active VCs in the space include New Enterprise Associates, Scale Venture Partners, Trinity Venture Partners, Benchmark Capital, Bessemer Venture Partners and Google Ventures, says a new report.
If it ain’t broke, don’t fix it. That seems to pretty much be the mantra First Round Capital is using. Once again, First Round, the Pennsylvanian venture capital firm, is locking in a fund around the $125 million range, sources confirm to peHUB. This fund will be First Round’s fourth. peHUB couldn’t get any comment [...]
Posted on: August 4, 2011 by Connie LoizosComments Off
It’s easy to appreciate the logic of the modern-day temp agency TaskRabbit. Through its Web platform, the three-year-old San Francisco-based company connects the unemployed or underemployed with busy people who can afford some extra help – to pick up dry cleaning, say, or assemble furniture. In fact, TaskRabbit was able to raise a $5 million Series A in [...]