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Craft Ventures wraps up sophomore fund with $500 mln

Craft Ventures announced this afternoon it has raised $500 million for its second fund. The San Francisco-based firm raised $350 million for its inaugural effort when it launched last year. The firm was founded by David Sacks and Bill Lee. Sacks is the former Yammer CEO and onetime COO and product visionary at PayPal, while Lee […]

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Jackson Square raises $193 mln

Jackson Square Ventures, which backed DocuSign, UpWork and Strava, announced it raised $193 million for its third and largest fund. The San Francisco-based firm was targeted $150 million, according to a regulatory filing in May. The latest fund is 60 percent more than the $120 million it raised for Fund II in 2016. As part of the new fund, Victor Echevarria was promoted to partner. The firm is led by Managing Directors Pete Solvik, Greg Gretsch and Josh Breinlinger.

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Unusual Ventures, Defy invest in Seattle cybersecurity company Shujinko

Seattle-based Shujinko, a provider of cloud compliance software, announced it has raised a $7.5 million in Series A funding. Unusual Ventures led the round with participation from returning investor Defy as well as angel investors. Shujinko, originally incubated and spun out from Pioneer Square Labs, has raised $10.3 million in funding to date.

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Contentstack raises $31.5 mln led by Insight Partners

San Francisco-based Contentstack, provider of headless CMS technology for use by marketers, announced it has raised $31.5 million in Series A funding. Insight Partners led the round, which included participation from existing backers Illuminate Ventures and GingerBread Capital. As part of the round, Teddie Wardi, managing director at Insight, will join the board. The company was launched last year.

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Life sciences investor HLM adds healthcare vet Tolle as partner

HLM Venture Partners, which is in registration to raise its fifth fund, announced in late September that it has named Steve Tolle as its newest partner. The firm invests in healthcare tech, tech-enabled healthcare services and medical device and diagnostic companies. Portfolio companies include Phreesia, AbleTo, Teladoc and RubiconMD. Tolle joined the Boston-based firm in […]

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Scale Venture Partners boosts staff

Last week, Scale Venture Partners announced it has hired Chris Yin as the firm’s newest principal. Yin joins from Rainforest QA, where he worked on product. At Foster City, California-based Scale, Yin will focused on investments in intelligent business software, vertical AI companies and data-first businesses.

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CRV leads funding in Gatsby’s $15 mln round

Berkeley, California-based Gatsby, which operates a platform for building websites, announced it raised $15 million in Series A funding. CRV led the round, with previous seed investors Trinity Ventures, Mango Capital, Fathom Capital and Dig Ventures also participating. In addition, Kong CEO Aghi Marietti and Scott Belsky, founder of Behance and CPO at Adobe, also invested. As part of the funding round, CRV General Partner Devdutt Yellurkar has joined the board.

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Vertex Ventures taps Dropbox exec Domenic Perri as partner

Vertex Ventures US, which recently raised $150 million for its sophomore fund, has hired Domenic Perri as a partner to help support the firm’s portfolio. Previously, Perri was director of business development at Dropbox, where he led a global team managing product integration partnerships for business customers. Before that, he was global head of M&A […]

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Leah Scanlan joins Oak HC/FT to head up talent

Oak HC/FT, which in August wrapped up its third fund with an oversubscribed $800 million, has tapped Leah Scanlan as partner, talent. Scanlan will work closely with the firm’s portfolio companies on their talent initiatives and provide support to Oak HC/FT’s executive-in-residence program. Scanlan was previously with Khosla Ventures for four years, where she similarly work on talent development as an operating partner.

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U.S. venture fundraising about to top $40 bln, again

Another robust year of fundraising by the U.S.-based venture community has led firms to raise more than $37 billion year-to-date through mid-September, according to a Venture Capital Journal analysis of preliminary data from Thomson Reuters. Q3 is not yet wrapped up, but so far the fundraising total is at about $10 billion for the three-month […]