New York-based Kangaroo, which provides smarthome security, announced it has raised $10.26 million a Series A round led by Greycroft. Lerer Hippeau and angel investors also participated. As part of the funding, Ian Sigalow, a partner and co-founder of Greycroft, has joined the board.
Three investors from Horizons Ventures, Greylock Partners and 500 Startups have banded together to launch Proof of Capital, a $50 million fund focused on worldwide blockchain startups. The fund, whose LPs include individuals and corporates, will invest in fintech (such as payments, remittance, custody and wallet technologies), infrastructure (including cybersecurity and identity verification), hardware and […]
For entrepreneur Jorey Ramer, the aha moment for launching his latest startup came when he bought a home. In 2013, his previous startup, the mobile ad network JumpTap, was acquired by Millennial Media for more than $200 million. Ramer then moved to the San Francisco Bay Area from Boston and bought a home for the […]
500 Startups officially set out to raise its fifth main fund, according to a regulatory filing. The filing doesn’t list a target and 500 Startups declined comment. But a source close to the firm said Fund V would be its largest to date. Founded in 2010, the seed-stage investor initially targeted Fund IV at $150 million, according […]
Early-stage investor Defy Partners closed its sophomore fund at an oversubscribed $262 million, nearly 75 percent larger than Fund I. The Woodside, California, firm in late 2017 quietly raised $151 million for its maiden fund to make Series A deals on the West Coast. The majority of its investments are in the Bay Area; Defy […]
Fintech-focused Core Innovation Capital is seeking to raise $100 million for its third fund, according to a regulatory filing. The fund is one-third larger than Fund II, which closed at about $72 million. Core Innovation was founded in 2010 to invest in financial services and technology. It has offices in the South Park area of San Francisco and in Los Angeles. Leading the firm as GPs are Founder and Managing Partner Arjan Schutte and Managing Partner Kathleen Utecht.
LiveOak Venture Partners, whose three founding partners all have ties to the former Austin Ventures, closed its second fund at an oversubscribed $105 million. The Austin firm, founded by Partners Ben Scott, Krishna Srinivasan and Venu Shamapant, closed its inaugural fund in 2014 at $109 million. The firm didn’t disclose LPs in its sophomore effort, but […]
During the South by Southwest conference in Austin, I avoided getting hit by an electric scooter, and I also met with a few VCs, visited Capital Factory and wrote about how VCs approach the annual conference and what they get out of it. Read my report, which I posted last week. I didn’t just attend SXSW, […]
Multi-stage investor Norwest Venture Partners announced the promotions of Rob Arditi to general partner, and Stew Campbell and Ran Ding to principals at the firm. The three work on Norwest’s growth equity team. Arditi was promoted from partner. He joined the firm in 2009 as an associate. Campbell joined Norwest as a senior associate in 2012. Ding had been an associate since he joined in 2011.
Cendana Capital is seeking to raise $200 million for its fourth fund-of-funds pool, according to a source familiar with the effort. There is no regulatory filing for the fund. And Founder Michael Kim declined comment. The $200 million target is a step up from when the firm launched nearly a decade ago, but is in […]
New York-based PhotoShelter, which operates a digital asset management platform as a sales and marketing tool for photographers, announced it has raised $8 million in funding from Level Structured Capital. The firm is an affiliate of Level Equity, a New York private investment firm.
Longtime innovator Balaji Gopinath has left corporate VC to launch Twelve Venture Capital and focus on the so-called flyover U.S. regions: the South, Southeast and Midwest. Gopinath and fellow founding GP Ron Yerkes, who formerly led the accelerator programs at RocketSpace, launched the firm this year and are seeking to raise a $50 million inaugural fund, […]
The videoconferencing startup Zoom last week filed to go public after several weeks of speculation that it would join the 2019 IPO parade. The company could go out as soon as April on Nasdaq under the ticker ZM. The San Jose, California, company was founded in 2011 and had raised more than $145 million in […]
San Francisco-based Cleo, which helps provide a family support system for working parents, announced it raised a $27.5 million Series B round from New Enterprise Associates and angel investors that include former Yahoo CEO Marissa Mayer, LinkedIn CEO Jeff Weiner, Levi Strauss CEO Chip Bergh, Box CEO Aaron Levie and former GE CEO Jeff Immelt.
San Francisco-based HoneyBook, provider of a financial and business management platform for freelancers, announced it has raised $28 million in a Series C round of funding. Citi Ventures led the round with participation from all existing investors, including Norwest Venture Partners and Aleph.
New York-base Fetcher, provider of a recruiting platform that uses AI and human expertise to find top talent, announced it has raised $5.4 million in an oversubscribed seed round led by Accomplice and Slow Ventures, with full participation by existing investors Picus and Revel Partners. The round also included individual investors Paul English (founder of Kayak), Amol Sarva (founder of Knotel) and James Joaquin (co-founder of Obvious Ventures).
The law firm Perkins Coie announced the launch of its TechVenture Index to provide a measure of the emerging growth tech and VC sector. The index was developed in collaboration with Michael Ewens, associate professor of finance and entrepreneurship at the California Institute of Technology.
Venture capitalists are a peripatetic bunch. They fly around the world to meet with prospective investment opportunities. And once on the ground, they enter a stream of carshares, riding from one get-together to the next. In that regard, the annual South by Southwest conference is perfectly suited for traveling VCs. And if they’re feeling adventurous, […]