Accel announced it has promoted London-based Luciana Lixandru to partner. Previously a principal at the firm, she will continue to focus on investments in consumer Internet, marketplace and software companies. The firm credited her for her role in its investments in online food delivery platform Deliveroo, online auction house Catawiki, and mobile second-hand marketplace Wallapop. She also led the investment in Selency, the online destination for pre-loved furniture and home décor.
Princeton, N.J.-based Edison Partners announced the promotions of Tom Vander Schaaff to general partner and David Nevas to partner. The growth-stage investor said the moves come on the heels of a highly active 2016, in which the firm oversaw 12 investments and eight exits.
Voyager Capital, which focuses on early-stage tech deals in the Pacific Northwest and California, announced that James Newell has joined the firm as a partner. Previously, Newell was with late-stage investor IVP, where he worked with portfolio companies Casper, DoubleVerify, General Assembly, Sauce Labs and Zerto. Before that, Newell was an associate with Maveron, a consumer-focused venture firm with offices in Seattle and San Francisco. He also spent time at the technology investment banking group of Bank of America Merrill Lynch.
Late-stage investor IVP announced it has promoted Tom Loverro to principal. He joined IVP in April 2015 as vice president from RRE Ventures, where he was a principal. Loverro, who focuses on consumer and enterprise companies, serves on the board of NerdWallet and works with IVP’s investments in Giphy, GitHub, OnDeck and Tanium.
Former LP and longtime GP Elise Hebb has joined Seattle-based Maveron as partner and chief operating officer. At Maveron, Hebb will lead the firm’s fundraising, investor relations and marketing efforts. She also will oversee Maveron’s administrative and finance teams. Prior to joining Maveron, Hebb served for 10 years as director of investor relations and business development at Madrona Venture Group, a Seattle venture firm. Prior to that, Hebb was head of private capital investments for the University of Washington endowment.
Zetta Venture Partners, which in October closed on $100 million for its second fund, added Jocelyn Goldfein as a partner. Before joining the San Francisco-based firm, Goldfein was an angel investor, backing Simppler and SigOpt, among others, according to her AngetList profile. She also was an engineering executive at such companies as Facebook and VMware.
The last six months of 2016 did not look anything like the first six months. In the first half, everyone was worried about falling portfolio-company valuations. In the second half, scuttlebutt about a valuation bubble gave way to talk about normalized growth. Through the first six months, you would have been hard-pressed to find a […]
Seed-stage investor 500 Startups filed a regulatory document to raise 500 Durians II, it’s Southeast Asian fund. The firm announced in a blog post in October the fund and its intent to raise $50 million, which is twice the amount of Durians I. That inaugural fund was raised in 2014 with $10 million and was later increased to about $25 million. The second fund aims to invest in 200 seed-stage startups in Southeast Asia, with checks ranging from $50,000 to $150,000.
Women in venture capital have made some progress but it’s still difficult for them to rise up in the ranks, whether it’s large or small-sized firms.
Cambridge, Massachusetts-based Flagship Ventures announced it has raised $285 million for its first opportunities fund, Flagship Ventures Opportunities Fund I, which was launched in June. The firm, founded in 2000, also said it has changed its name to Flagship Pioneering.
New York-based Zola, which operates an online registry site, announced it has raised a $25 million Series C round of funding led by Lightspeed Venture Partners. Also participating in the financing are Comcast Ventures, Canvas Ventures, Thrive Capital, BBG Ventures, Female Founders Fund and co-founder Kevin Ryan. Ryan launched Zola in 2013 with Chief Executive Shan-Lyn Ma and Chief Design Officer Nobu Nakaguchi. The company has now raised more than $41 million in funding.
Sacramento-based SupportPay, which provides an app to help manage child support payments and track related expenses, has raised $4.1 million in Series A funding. Fenway Summer Ventures led the round, which included participation from Moneta Ventures, Continental Advisors and previous investors. As part of the financing, Javier Saade, managing director at Fenway, and Paul Purcell, co-founder and partner at Continental Advisors, have joined the company board. The company, founded in 2011 and previously based in Santa Clara, California, has now raised more than $7 million in funding.
Redwood City, California-based Tact, which provides a sales automation platform for the enterprise, has raised $15 million in a Series B round of funding led by Upfront Ventures. Microsoft Ventures also participated in round, along with existing investors Kevin Efrusy of Accel Partners and Satish Dharmaraj of Redpoint Ventures, the company announced. Tact has now raised $30 million in total funding. As part of the latest financing, Upfront Managing Partner Mark Suster has joined the board. The company was founded in 2012 by former Salesforce and Siebel executive Chuck Ganapathi.
Parker Barrile, a serial tech operator and angel investor, has joined Norwest Venture Partners as a partner. Barrile will focus on marketplaces, fitness, fintech and mobile sectors as a venture investor on Norwest’s consumer Internet investment team, according to a Medium blog post by Managing Partner Jeff Crowe. Barrile has been an adviser and an investor at various startups in the past two years, including with Medallia, Thumbtack, Doximity, NerdWallet and Procore. Before that, he held various senior product positions at LinkedIn and Prosper.
San Francisco-based Vida Health , which provides a mobile platform to help consumers improve their health and manage chronic conditions, announced it has raised $18 million in a Series B round of funding led by Canvas Ventures. Other investors include Nokia Growth Partners and returning investor Aspect Ventures. The company has now raised $28 million in total funding. As part of the latest financing, Canvas Partner Rebecca Lynn has joined the board.
Wing Venture Capital, led by co-founding partners Gaurav Garg and Peter Wagner, announced in a blog post it has raised $250 million for its second fund. The pool, dubbed Wing Two, is more than twice the size of its inaugural $111 million fund raised more than three years ago. LPs include universities and private foundations, the firm said.
New York-based ff Venture Capital, which most recently invested in the bot analytics platform Dashbot, is seeking to raise $150 million for its fifth venture fund, according to a regulatory filing. The fund, dubbed ff Graphite (V) Venture Capital Fund, comes nearly seven months after the firm closed its fourth fund, called ff Sapphire (IV) Venture Capital Fund GP, with $53.78 million in commitments.
San Francisco-based Dashbot, a provider of a bot analytics platform, announced it has raised $2 million in seed-stage funding led by ff Venture Capital. Bessemer Venture Partners, Samsung Accelerator, Scrum Ventures, Bertelsmann Digital Media Investments and Rembrandt Ventures also participated in the round. As part of the funding, ffVC Managing Director Ryan Armbrust will join the board of Dashbot.