VC Seed Investor

Uncork Capital raises $200 mln for two new funds

Uncork Capital, a backer of unicorns Poshmark and Postmates, has raised $100 million for its sixth main early-stage fund and $100 million for its second opportunity fund to back existing portfolio companies. Regulatory filings for the main fund and the opportunity fund, called Uncork Plus II, indicate a small amount of capital has yet to be raised, but a source said the funding is wrapped for each at $100 million.

Brick & Mortar, Darren Bechtel
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Construction tech firm founded by Darren Bechtel raises $97 mln

Brick & Mortar Ventures, a San Francisco-based venture firm focused on construction tech, has wrapped up its maiden fund with $97.2 million in commitments. Brick & Mortar founder and Managing Director Darren Bechtel, who has construction and engineering in his family tree, told Venture Capital Journal that he came up with the idea for the […]

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Insight Partners leads $28 mln funding in Armory

San Francisco-based Armory, which commercializes Spinnaker, an open source platform for delivering software, announced it has raised a $28 million Series B round led by Insight Partners. The round also included follow-on investments from all existing investors, including Crosslink Capital, Bain Capital Ventures, Mango Capital, Y Combinator and Javelin Venture Partners.

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Oak HC/FT raises $800 mln for oversubscribed third fund

Venture fundraising is robust again in 2019, with the year on pace to strike another record. And competition is stiff for venture firms looking to raise. Or at least that’s what one LP told the co-founders of Oak HC/FT, who began raising their third fund in April. The LP said one-third of its venture portfolio […]

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Altitude Networks emerges from stealth with funding round led by Felicis

San Francisco-based Altitude Networks, provider of a cloud collaboration security platform, announced it has raised $9 million in Series A funding led by Felicis Ventures. The Slack Fund is also participating in the round, along with previous investor Accomplice and individual investor Alex Stamos, former CSO at Facebook. As part of the funding, Aydin Senkut, founder and managing director of Felicis, will join the board.

VCJ LP Fund Performance

Global venture returns soared in 2018; Western Europe outperformed

The performance of venture funds worldwide soared in 2018, making the year the best on record. That’s according to a report by private equity financial software provider eFront, which said that venture funds last year far exceeded historical performance averages. VC returns, as measured by multiples on invested capital, reached 1.531x in in the first […]

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MindTickle raises $40 mln, adds Beechuk to board

San Francisco-based MindTickle, which provides a sales readiness platform, announced it has raised $40 million in Series C funding led by new investor Norwest Venture Partners. Also participating in the latest round is NewView Capital and returning investors Accel, Canaan Partners and Qualcomm Ventures. As part of the funding, Scott Beechuk, a partner at Norwest, will join the company’s board.

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Transatlantic investor EQT Ventures believes in data

Alastair “Ali” Mitchell is convinced there’s a place for data in venture capital when analyzing companies. Mitchell is a San Francisco-based partner at EQT Ventures, which is part of the Swedish private equity firm EQT and which raised a $630 million debut fund three years ago. The venture firm, which invests in European companies growing […]

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Smart location provider Tile raises $45 mln

San Mateo, California-based Tile, which operates as a smart location company, today announced the close of its $45 million Series C fundraising round, led by Francisco Partners. Existing investors GGV Capital and Bessemer Venture Partners, as well as new investors Bryant Stibel and Silicon Valley Bank participated in the round. Tile said the funding will be used to grow internationally and expand into new products.

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Foundry leads $10.7 mln funding of Mixhalo

San Francisco-based Mixhalo, which provides a real-time audio platform for use at live events, has raised $10.7 million in a Series A funding round led by the Foundry Group. Other investors in the round included Sapphire Sport, Founders Fund, Defy Partners and Cowboy Ventures, as well as Red Light Management, Another Planet Entertainment, Rick Farman and Rich Goodstone of Superfly and Charlie Walker of C3.

VC People
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Longtime entrepreneur and investor Goldstein joins Builders VC

San Francisco-based Builders VC announced it has tapped the longtime Silicon Valley entrepreneur and investor Mark Goldstein as general partner. Goldstein joins the firm after having advised the emerging manager for the last several months, according to a blog post by founder and General Partner Jim Kim, who previously founded Formation 8. Builders VC makes […]