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, […]
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.
San Francisco-based Galore, which makes a mobile app that allows parents to book activities for their children, announced it has raised $1.65 million in seed funding led by Norwest Venture Partners and DCM Ventures. The funding will be used to expand the Galore services in the San Francisco Bay Area and other communities.
Mountain View, California-based LogicHub, which provides threat detection technology, emerged from stealth and announced it has raised an $8.4 million Series A round of funding. Storm Ventures led the round with participation from Nexus Venture Partners.
Santa Clara, California-based Qvivr, a provider of mobile payments technology for consumers, announced it has raised $5 million in Series A funding. Khosla Ventures led the round with participation from what it calls “one of the largest multinational banks based in Asia.” The funding will help Qvivr expand its sales effort as it plans to ship its first product, called SWYP, later this year. The company is also developing a new personal finance product aimed at millennials.
One of the themes we at VCJ are keeping an eye on in 2017 is how venture-firm portfolio companies are doing. Following last year’s robust fundraising, in which U.S.-based firms collected more than $40 billion in commitments, it’s going to come time to fish or cut bait. Will investments go belly up or will they […]
Now that a new administration has moved into the White House, we will soon learn how a Donald Trump presidency affects venture capital. This is a matter I have been formally asking VCs about since Nov. 8. Most dismiss the idea that policies from the new administration will have much of an impact. I argue, […]
Accel announced it has promoted London-based Luciana Lixandru to partner. Previously a principal at the firm, she will continue to focus on investments in consumer Internet, marketplace and software companies. The firm credited her for her role in its investments in online food delivery platform Deliveroo, online auction house Catawiki, and mobile second-hand marketplace Wallapop. She also led the investment in Selency, the online destination for pre-loved furniture and home décor.
Princeton, N.J.-based Edison Partners announced the promotions of Tom Vander Schaaff to general partner and David Nevas to partner. The growth-stage investor said the moves come on the heels of a highly active 2016, in which the firm oversaw 12 investments and eight exits.
Voyager Capital, which focuses on early-stage tech deals in the Pacific Northwest and California, announced that James Newell has joined the firm as a partner. Previously, Newell was with late-stage investor IVP, where he worked with portfolio companies Casper, DoubleVerify, General Assembly, Sauce Labs and Zerto. Before that, Newell was an associate with Maveron, a consumer-focused venture firm with offices in Seattle and San Francisco. He also spent time at the technology investment banking group of Bank of America Merrill Lynch.
Late-stage investor IVP announced it has promoted Tom Loverro to principal. He joined IVP in April 2015 as vice president from RRE Ventures, where he was a principal. Loverro, who focuses on consumer and enterprise companies, serves on the board of NerdWallet and works with IVP’s investments in Giphy, GitHub, OnDeck and Tanium.
Former LP and longtime GP Elise Hebb has joined Seattle-based Maveron as partner and chief operating officer. At Maveron, Hebb will lead the firm’s fundraising, investor relations and marketing efforts. She also will oversee Maveron’s administrative and finance teams. Prior to joining Maveron, Hebb served for 10 years as director of investor relations and business development at Madrona Venture Group, a Seattle venture firm. Prior to that, Hebb was head of private capital investments for the University of Washington endowment.
Zetta Venture Partners, which in October closed on $100 million for its second fund, added Jocelyn Goldfein as a partner. Before joining the San Francisco-based firm, Goldfein was an angel investor, backing Simppler and SigOpt, among others, according to her AngetList profile. She also was an engineering executive at such companies as Facebook and VMware.
The last six months of 2016 did not look anything like the first six months. In the first half, everyone was worried about falling portfolio-company valuations. In the second half, scuttlebutt about a valuation bubble gave way to talk about normalized growth. Through the first six months, you would have been hard-pressed to find a […]
Seed-stage investor 500 Startups filed a regulatory document to raise 500 Durians II, it’s Southeast Asian fund. The firm announced in a blog post in October the fund and its intent to raise $50 million, which is twice the amount of Durians I. That inaugural fund was raised in 2014 with $10 million and was later increased to about $25 million. The second fund aims to invest in 200 seed-stage startups in Southeast Asia, with checks ranging from $50,000 to $150,000.
Women in venture capital have made some progress but it’s still difficult for them to rise up in the ranks, whether it’s large or small-sized firms.
Cambridge, Massachusetts-based Flagship Ventures announced it has raised $285 million for its first opportunities fund, Flagship Ventures Opportunities Fund I, which was launched in June. The firm, founded in 2000, also said it has changed its name to Flagship Pioneering.
New York-based Zola, which operates an online registry site, announced it has raised a $25 million Series C round of funding led by Lightspeed Venture Partners. Also participating in the financing are Comcast Ventures, Canvas Ventures, Thrive Capital, BBG Ventures, Female Founders Fund and co-founder Kevin Ryan. Ryan launched Zola in 2013 with Chief Executive Shan-Lyn Ma and Chief Design Officer Nobu Nakaguchi. The company has now raised more than $41 million in funding.