The University of California has pared down the number of venture funds in its portfolio amid a wider cost-saving effort to reduce management fees. UC’s Office of the Chief Investment Officer of the Regents, which oversees $109.8 billion in assets across six investments products, has dropped more than 120 PE and VC fund partners over the […]
Intel Capital is focusing on the expanding data ecosystem, investing $60 million in new investments into 15 startups that capture, manage, secure or analyze data. The venture arm of Intel has also expanded its investments into companies led by women and minorities. The investments were announced at the organization’s first-ever Intel Capital CEO Showcase in […]
Both the number and value of venture investment deals closed in September dropped across the healthcare, information technology, security, and cleantech sectors compared to the same month last year, according to VCJ’s analysis of preliminary data from Thomson Reuters. The healthcare sector saw deal count drop to 66 deals in September 2017, down from 86 […]
San Francisco-based Blockchain Capital has raised $59,720,000 of a targeted $75 million fourth fund, according to a regulatory filing. The firm is led by brothers Brad and Bart Stephens and focuses on investments into blockchain technologies. Thus far, 76 investors have committed to the fund, according to the filing. In April, the firm raised $10 million of its third fund through an initial coin offering, or ICO, VCJ previously reported.
Initial coin offerings took the summer by storm, with more than US$1.5 billion raised from April through August. Reactions have been extreme and varied. For VCs, digital-token offerings present opportunities and challenges. They open the door to new liquidity for startups and investors, while presenting a host of regulatory issues. Waterloo-based Kik Interactive, the anonymous social-media app founded in 2009, is raising US$125 million by selling digital tokens called Kin. Paul Holland, a general partner at Foundation Capital, which invested in the company five years ago, spoke with Venture Capital Journal about the ICO strategy.
Initial coin offerings took the summer by storm, with more than $1.5 billion raised from April through August. Reactions have been extreme and varied: Some digital-currency enthusiasts have declared that ICOs will replace venture funding altogether, even as China banned all token sales. For venture investors, digital-token offerings present opportunities and challenges. They open the […]
Payal Kadakia is part of a small but growing cadre of entrepreneurs: women CEOs or founders whose companies’ valuations are in the hundreds of millions or approaching $1 billion. The 34-year-old co-founder and former chief executive of exercise-membership company ClassPass has raised nearly $140 million in venture funding from such firms as Temasek Holdings, GV, […]
Greycroft Partners announced it is leading an oversubscribed Series A follow-up round for BitPesa, the largest blockchain payments platform in Africa. BitPesa is also Greycroft’s first foray into investing in blockchain-based companies. The new funding is a minimum of $3 million but could reach $4 million, and brings the company’s total funding to $10 million. […]
Early-stage venture firm ff Venture Capital has hired Kathryn Hume as a venture partner to advise portfolio companies and teams, drawing on her business background in artificial intelligence and machine learning.
Early-stage venture firm ff Venture Capital has hired Kathryn Hume as a venture partner to advise portfolio companies and teams, drawing on her business background in artificial intelligence and machine learning. Hume joins ffVC from integrate.ai, a Toronto-based SaaS artificial intelligence platform company, and she will continue in her role as vice president of product […]
Toronto-based cannabis news and entertainment startup HERB has raised $4.1 million in seed funding in a round led by Lerer Hippeau Ventures to build its tech platform and video production studio, as well as hire new staff and launch offices in Los Angeles and New York. Other investors include Slow Ventures, media entrepreneur Michael Lazerow, […]
Magma Ventures has raised $24 million for its first growth equity fund, Magma Growth Equity I, according to a regulatory filing. The Tel Aviv-based firm invests in Israeli information, communication and technology companies, and was co-founded by Yahal Zilka and Modi Rosen, according to its website. The fund, which lists nine investors, does not include a target.
Investments in virtual reality appear to be slowing their slower pace, with just four deals in the sector so far in the third quarter, according to preliminary data from Thomson Reuters. Equity invested has ticked up slightly since the previous quarter, with the sector receiving $52 million so far, up from $38.10 million in Q2. […]
Two years after the legal battle between Ellen Pao and her former employer Kleiner Perkins Caufield & Byers played out publicly over allegations of gender discrimination and workplace retaliation, Pao is retelling her side. On Monday, Pao published an excerpt from her upcoming book, “Reset,” online in the New York Magazine’s The Cut. “Sometimes the […]
After closing the beach-access gate near his coastal California property, Vinod Khosla must open it to the public, a state appeals court has ruled. The First District Court of Appeals in San Francisco on Aug, 9 ruled 3-0 that closing the gate at his property near Martin’s Beach south of Half Moon Bay, which the previous […]
The number of venture investment deals closed in July dropped in the healthcare, information technology, security, and cleantech sectors compared to July 2016, according to VCJ’s analysis of preliminary data from Thomson Reuters. Deal value dropped in the healthcare and cleantech sectors, but rose slightly in the security sector and substantially in the information technology […]
Three partners from Boston-based venture firm Black Coral Capital are raising up to $400 million for an inaugural fund as partners of a new firm, Spring Lane Capital, according to a filing with the SEC. Rob Day, Christian Zabbal and Nikhil Garg are listed as partners in Spring Lane Capital, according to the filing from Monday. No investors are mentioned in the filing. Black Coral, which focused on the cleantech sector, is in the process of winding down, Axios reported.
A startup cryptocurrency hedge fund and accelerator that invests in blockchain companies planning ICOs announced the launch of its own token sale today. San Francisco-based Superbloom Capital is raising $37.5 million by offering SEED tokens, which in turn gives purchasers access to an exclusive platform of ICOs of blockchain startups incubated in the company’s accelerator […]