Paul Lee, Global Founders Capital, VCJ Venture People
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Meet Paul Lee, new senior associate for Slack backer GFC

Taking time out from texting a founder, Paul Lee said he strives to be “the quickest VC in the community.” In other words, he wants to be the person who quickly finds solutions for founders so that they can focus on their companies rather than fundraising and other distractions. Lee, who met with VCJ during a […]

VCJ Venture Fund Profile Seed
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Seed-stage fund managers prove connections are everything

If you’re a VC, you treasure your connections. You rely on your entrepreneurial contacts and you tap into your network of fellow VCs to source deals and stay on top of investing trends. The two partners of New York-based Supernode Ventures, which recently closed on $3 million for its debut fund to make pre-seed and […]

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Yellowbrick Data raises $81 mln led by DFJ Growth

Palo Alto, California-based Yellowbrick Data, which provides data warehousing for the enterprise analytics market, has raised $81 million in Series C funding led by DFJ Growth. New investors IVP and BMW i Ventures also participated with existing investors, including Next47, Third Point Ventures, Menlo Ventures, Threshold Ventures and GV. The company, founded in 2014, has now raised $173 million in total funding.

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Canopy announces strategic funding

San Francisco-based Canopy, which provides premium shared workspace and private offices, said it has raised $2 million in strategic funding. Canopy, which is looking to raise a Series A, said the strategic funding came from Structure Capital, Erik Blachford (venture partner at TCV and former CEO of Expedia, Montage Ventures, Graph Ventures, Mark Pincus (former CEO of Zynga) and Spencer Rascoff (co-founder and former CEO of Zillow).

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Foundation Capital adds two partners

Palo Alto, California-based Foundation Capital recently added two new partners: Li Sun and Apoorva Pandhi. Sun joined in February and was previously a senior associate at Bessemer Venture Partners. Pandhi came on board in March and was most recently at Quid and before that, Funnl Labs, which he co-founded, and Lightspeed Venture Partners.

VCJ Venture People
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Loverro named seventh GP at IVP

IVP‘s Tom Loverro is flying, literally and figuratively. He’s been on a plane in every one of the past five weeks, meeting with companies and evaluating potential investments. And he was just promoted to become the seventh general partner at the late-stage and growth-equity investor. “This is a manic time now for venture, with valuations […]

VCJ Venture People
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Oak HC/FT taps former Venmo COO Vaughan as EIR

Growth-equity investor Oak HC/FT announced it added Michael Vaughan as an Executive-in-Residence to help develop and advise new fintech businesses. Vaughan formerly was COO of Venmo, where he worked for eight years, leading the company with its Series A round in 2011 through acquisitions to Braintree and then to PayPal.

VCJ Venture Los Angeles LA Seed Fund
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LA-based Fika Ventures to consider more deals outside So Cal with second fund

When Los Angeles-based seed-stage investor Fika Ventures wrapped up its debut fund two years ago, it was part of a recent surge of venture activity in the California Southland. In addition to Fika, such early-stage firms as Mucker Capital, Karlin Ventures, Crosscut Ventures, Double M Partners, Bonfire Ventures and most recently Beth Seidenberg‘s Westlake Village […]

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Salesforce Ventures launches $125 mln regional fund focused on Europe

Salesforce Ventures announced a $125 million Europe Trailblazer Fund focused on enterprise cloud startups. This is the firm’s fourth regional fund in the last 12 months, following launches in Canada, Japan and Australia most recently in March. In 2015, Salesforce Ventures introduced its first $100 million investment commitment in Europe and brought on Alex Kayyal as partner and head of Europe to lead the fund, which has since backed more than 50 startups in 13 European countries.

VCJ Venture IPOs Dashboard

April Dashboard: Unicorn IPOs and other exits keep surging

Exits are ticking up and it’s not just from unicorn IPOs. M&A also increased in April, thanks to the acquisition of Auris Health. Meanwhile, fundraising and deals rose in April, making the month a robust one for venture-related activities. The numbers below are based on preliminary data from Thomson Reuters. Fundraising (value up 20%) LPs […]

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Ivalua raises $60 mln at $1 bln valuation

Redwood City, California-based Ivalua, a provider of global spend management cloud solutions, announced that it has raised $60 million in growth equity, valuing the company at more than $1 billion. Investors in the round include new investor Tiger Global Management and returning backer Ardian Growth.