VCs invest $4.5 mln seed in Fuzzy Pet Health

San Francisco-based Fuzzy Pet Health, provider of a subscription-based pet healthcare company, announced it has raised $4.5 million in seed-stage fund and has launched its mobile app and expanded in-home vet care options. The round was co-led by Eniac Ventures and CrossCut Ventures, with participation from Precursor Ventures, SV Angel and FJ Labs.

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LA seed firm CrossCut wraps up fourth fund with $125 mln

CrossCut Ventures, which bills itself as the largest seed-stage-focused firm in the Los Angeles area, has wrapped up its fourth fund at the hard cap of $125 million in commitments. The Venice, California-based firm targeted the fund at $100 million, Co-Founder and Managing Director Brian Garrett said. The new fund comes in two-thirds larger than the […]

On the Bleeding Edge, venture capital, sexual harassment, DFJ, Steve Jurvetson

On the Bleeding Edge: ICO impact, PartnerConnect Southwest preview

It’s holiday season, which means I’ve already attended multiple venture-firm gatherings and more are coming up. Among the hottest topics for cocktail chatter is ICOs. No surprise, given how they have ballooned this year. Last year, 46 ICOs raised $96.3 million. Year-to-date in 2017 through Nov. 30, the number has quintupled to 228. And total […]

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General Catalyst adds Kyle Doherty as managing director

General Catalyst announced it has hired Kyle Doherty as managing director in its San Francisco office. The firm said Doherty will focus on late-stage investments in financial services, e-commerce, deep tech and healthcare IT. Doherty was previously head of US private investments at Coatue Management. Before that, he was a principal at Morgenthaler Ventures.

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Sarah Catanzaro joins Amplify as principal

Menlo Park, California-based Amplify Partners has hired Sarah Catanzaro as a principal. Catanzaro was previously a data partner at Canvas Ventures, which she joined in mid-2016. Prior to joining the firm, she was head of data at Mattermark. She said she left Canvas after a year-and-a-half to focus more on her passions of machine intelligence and enterprise infrastructure, specialized sectors that are more in line with what Amplify focuses on.

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Ulu Ventures nears $50 mln target

Palo Alto, California-based Ulu Ventures has raised $41.075 million toward a $50 million target for its second fund, according to a regulatory filing. The firm has raised commitments from 58 investors, the filing shows. The firm is led by husband-and-wife Managing Directors Miriam Rivera and Clint Korver.

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Index Ventures leads $21 mln funding in Built

Nashville, Tennessee-based Built, which provides a cloud-based platform to manage the construction lending process, announced it has raised a $21 million Series A round led by Index Ventures. New York-based Nyca Partners also invested in the round. The company has now raised $25 million since it was founded in 2014.

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Flying Fish raises $2.5 mln for its coffers

Seattle-based Flying Fish Venture Partners has raised $2.5 million for its inaugural fund, Flying Fish Fund I, according to a regulatory filing. The target fund size is not known, but the firm raised the commitments from 13 investors, according to the reg filing. The firm, founded by a team of Seattle angel investors, invests in Pacific Northwest startups in cloud computing, artificial intelligence, speech and natural language, machine learning and Internet of Things, according to its website. The listed partners are Geoff Harris, Heather Redman and Frank Chang.

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LightStep emerges from stealth with $29 mln in funding

San Francisco-based LightStep, provider of application performance management for enterprise software, has emerged from stealth and announced it has raised altogether $29 million in funding. Backers include Redpoint Ventures, Sequoia Capital, Cowboy Ventures and Harrison Metal. The company was founded in 2015.

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Nathan Benaich joins Berlin’s Point Nine Capital

Berlin-based venture firm Point Nine Capital announced it has added Nathan Benaich, an AI specialist, as a venture partner. Benaich most recently was a partner at Playfair Capital, where he led investments in such companies as Mapillary, Ravelin, Numerai and Thought Machine. He becomes the third venture partner at Point Nine, joining Janis Zech and Kolja Hebenstreit.

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Lemnos co-founder Jeremy Conrad steps down

Jeremy Conrad, co-founder of San Francisco-based Lemnos, announced he is stepping down from the hardware-focused firm and incubator, to head a stealth robotics startup. In announcing the transition, Conrad said he will stay on as a venture partner. Lemnos raised $50 million for its third fund earlier this year. The two other co-founders of Lemnos are Helen Boniske and Eric Klein.

On the Bleeding Edge, venture capital, sexual harassment, DFJ, Steve Jurvetson

On the Bleeding Edge: LP disclosure concerns take root

I want to know who your LPs are. Yeah, I know that’s a pipedream, but it’s interesting to hear more scuttlebutt over LP disclosure for various reasons. … My colleague Chris Witkowsky at Buyouts opined on this topic in Friday’s PE Hub Wire newsletter in regards to confidentiality agreements and GPs preventing LPs from talking with […]

Benchmarking and market leader concept. Manager (businessman, coach, leadership) draw graph with three lines, one of them represent the best company in competition. Photo courtesy of Jirsak/iStock/Getty Images
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Valuation services heats up with launch of Solium Analytics

Solium Capital, the Calgary provider of financial reporting and compliance, this week announced the launch of Solium Analytics to produce 409A valuation reports and related services. The 409A reports are essential for any company in a venture-firm portfolio since they generate the value of common shares, such as when they are issued as incentives to employees and prior to public offerings. The company said Solium Analytics will be managed by a team formerly with SVB Analytics. Team members completed more than 5,000 409A valuations at SVB and have successfully helped 75 startups through their IPO processes.

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1984 Ventures seeks $75 mln for inaugural fund

San Francisco-based 1984 Ventures, led by entrepreneur and investor Ramy Adeeb, is seeking to raise $75 million for its first venture fund, according to a regulatory filing. Adeeb is the founder and CEO of Snip.it, which was acquired by Yahoo. He is also a onetime principal at Khosla Ventures, where he worked on such investments as Square and Ness Technologies, according to his bio.