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DFJ hires Maryanna Saenko as senior associate

Maryanna Saenkohas joined DFJ as a senior associate. She previously was an investment partner at Airbus Ventures, where she was responsible for leading early-stage deals in aerospace and deep technology companies, including Airmap, Leolabs and QC Ware. Prior to her role at Airbus, Saenkohas ran the autonomous systems group at Lux Research. DFJ Partner Steve Jurvetson wrote more about Saenkohas in a Medium blog post.

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GGV Capital leads funding round in Gladly

San Francisco-based Gladly, which provides customer service-oriented software, announced it has raised $36 million in Series C funding. GGV Capital led the round, which included existing investors Greylock Partners and New Enterprise Associates. The company has now raised $63 million in total funding.

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Obvious Ventures raises $178.4 mln for sophomore fund

Obvious Ventures, an investor in Beyond Meat, Magic Leap, Medium and Proterra, has raised $178.4 million for its second fund, according to a regulatory filing. The investments came from 38 LPs, the filing reports. No target is listed, and it appears the firm is still in fundraising mode. The San Francisco-based firm, co-founded by Twitter co-creator Ev Williams, raised $123,456,789 for its inaugural fund in 2015.

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ClearDATA raises $12 mln

Austin, Texas-based ClearDATA, which provides cloud and security services for the healthcare industry, announced it has raised $12 million in funding from Merck Global Health Innovation Fund, Norwest Venture Partners, Excel Venture Management, Heritage Group, HLM Venture Partners and Flare Capital Partners. The company has no raised $55 million in total funding.

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IVP promotes Roseanne Wincek to principal

IVP announced it has promoted Roseanne Wincek to principal. Wincek currently serves as a board observer for MasterClass and works with such IVP investments as Compass, Glossier and Qubole. She joined IVP in 2015 from Canaan Partners, where she was a principal.

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CircleUp files to raise $100 mln

CircleUp, which operates an investment platform to invest in consumer brands, is seeking to raise $100 million, according to a regulatory filing. CircleUp Growth Partners has yet to make a sale. San Francisco-based CircleUp is backed by Union Square Ventures, Canaan Partners, Collaborative Fund, QED Investors, Maveron, GV and others.

venture capital, National Venture Capital Association, Adm. Eric Olson
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Chess moves and other impressions at the NVCA Leadership Gala

After last Wednesday’s NVCA Leadership Gala, I want to ask the more than 300 people who attended at the Rosewood Sand Hill whether they went home and downloaded a chess app. That’s because of something that keynote speaker Adm. Eric T. Olson, U.S. Navy (Ret.), said about chess. Olson, who was interviewed on stage in a fireside […]

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DCVC expands previously closed funds

Data Collective, which invests in big data, AI technology and IT infrastructure, announced it has topped off its previously closed sixth and fifth funds to a new total of $387 million. Its fifth fund makes early-stage investments, while its sixth fund is an opportunity fund designed to make larger follow-on bets in its portfolio companies. The firm, which has offices in Palo Alto, California, and San Francisco, said in a blog post from Managing Partners Zachary Bogue and Matthew Ocko, that it originally raised and closed these funds in less than 90 days at the beginning of 2016.

VC partner people
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Lux Capital raises $400 mln, adds Quintini as partner

Lux Capital, which invests in robotics, drones, driverless cars, 3D technologies, VR, AR and related scientific technologies, announced in a blog post it has raised $400 million for a new venture fund. Fund V is nearly 15 percent larger than the $350 million the firm raised for Fund IV, which closed in 2015, according to Thomson Reuters. As part of the fund close, Lux also announced Renata Quintini has joined the firm as a partner. She previously was a general partner with Felicis Ventures, which she joined in late 2011 and where she invested in Dollar Shave Club, Bonobos and MetroMile, among others. She also blogged on Medium about her decision to join the Lux team, which she says she met eight years ago.

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Wing seeks additional $20 mln

Enterprise-focused Wing Venture Capital has filed to raise a $20 million pool called Wing Strategic Partners Two. It’s uncertain if the filing is a special purpose vehicle or an add-on to the firm’s main fund.

Edith Yeung 500 Startups China
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500 Startups names mobile investor Yeung its new China partner

Interest in VC activity in China has ebbed and flowed over the years. And it may be time for more firms to consider their China strategies, as money moving to and from the country is on an uptick. Just ask Edith Yeung, who in January quietly took over as China partner for 500 Startups, succeeding Rui Ma, […]

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True leads funding of Mylestone

Boston-based Mylestone, which preserves memories via Amazon’s Alexa and other virtual assistants, announced it has raised $2.5 million in new funding led by True Ventures. Also participating in the round are Founder Collective, Boston Seed Capital,  Converge Ventures and Mergelane. Mylestone, which was founded last year by Chief Executive Dave Balter, has now raised $4.5 million in total funding. Balter previously was with BzzAgent (which was acquired by Tesco in 2011) and Smarterer (acquired by Pluralsight in 2014). As part of the latest round, Tony Conrad at True Ventures has joined the board.