Proof of Capital, blockchain, venture capital

Blockchain-focused Proof of Capital launches fund with backing from YouTube’s Steve Chen

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 […]

Super, home-maintenance, Jorey Ramer, venture capital

VCs find home-maintenance subscription service to be Super

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, venture capital

500 Startups files to raise Fund V, said to be its largest to date

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 […]


Core Innovation Capital seeks $100 mln to back fintech startups

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.

VCJ Venture Fundraising Austin

Texas-focused LiveOak Venture Partners raises $105 mln second fund

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 […]


Norwest Venture Partners promotes three on growth equity team

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.

Michael Kim, Cendana Capital, venture capital, fund of funds

Cendana Capital seeks $200 mln for fourth fund-of-funds pool

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 […]


Level Structured Capital backs PhotoShelter

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.

VCJ Venture CVC Corporate

Gopinath, Yerkes form Twelve Venture Capital to invest in flyover states

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, […]

Zoom, videoconferencing, technology, venture capital, Emergence Capital, Santi Subotovsky

How Emergence’s Subotovsky Zoomed in on videoconferencing startup

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 […]


Cleo raises $27.5 mln from NEA, angel investors

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.


HoneyBook raises $28 mln led by Citi Ventures

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.


AI-powered recruiter Fetcher raises $5.4 mln led by Slow Ventures, Accomplice

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).


Perkins Coie launches TechVenture Index

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.

SXSW, Austin, Texas, venture capital, technology, startups

SXSW is all about the VC networking … and those electric scooters

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, […]