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.
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 […]
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 […]
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.
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.
Jacob Mullins, who joined Shasta Ventures late last year, was quietly promoted to partner from principal. His bio on the firm’s website changed this week to reflect the new title. I reached out to Mullins earlier in the week but haven’t heard back. UPDATE: After I posted this mid-day on Friday, Shasta confirmed that it […]
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.
New Enterprise Associates announced the promotion of Aaron Jacobson to partner. And the firm added Dr. Kavita Patel as a venture partner on its healthcare team. Jacobson is an early-stage tech investor based in the San Francisco Bay Area. He joined the firm in 2011.
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.
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.
Sure Ventures, a San Francisco-based firm focused on early-stage insurtech deals, filed a regulatory document seeking to raise its inaugural fund. A target amount was not listed. The firm is led by Gopinath Rangan, a co-founder of INSEAD Angels and an adviser with Village Capital and Plug and Play Tech Center, according to his LinkedIn.
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.
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.
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.
Draper Associates has added Siri Srinivas to its team as an investment analyst. Srinivas was most recently a venture analyst at FundersClub and before that was a reporter covering money and business at The Guardian in New York.
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 […]
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.
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.