Sierra Ventures

Sierra Ventures seeks $175 mln for 12th flagship fund

Sierra Ventures, a San Mateo, California-based firm, is seeking $175 million for its 12th fund, according to a regulatory filing. First sale was not yet reported. Since its founding in 1982, the firm raised $1.9 billion across 11 flagship funds. Sierra Ventures closed its $170 million 11th fund in early 2016. The firm raised its […]

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Founders Circle Capital is raising a second opportunities fund

Founders Circle Capital, a San Francisco, CA firm that buys secondary deals in late-stage companies, is raising a second opportunities fund according to a document with the SEC. The total offering size listed on the filing is indefinite. First sale was not yet reported. The firm previously has raised $403 million across two funds. Founders […]

Battery Ventures, venture capital, Israel, Alex Furman, Invitae, Soviet Union
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Battery’s Scott Tobin on immigrant entrepreneurs, VC in Israel

Alex Furman was 11 when he and his family escaped the crumbling Soviet Union in 1991.  He went on to become a software engineer and in 2009 co-founded VC-backed Invitae, a genetic information company, which went public in 2015 and has a current market cap of $1.8 billion. Furman has company: PayPal, Google and WhatsApp were […]

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Versant Ventures is raising $150 million towards an opportunity fund

Versant Ventures, a healthcare investment firm is raising $150 million towards its first opportunity fund, according to a regulatory filing. First sale was not reported. Since its founding in 1999, the firm has had over 70 successful exits. Versant has offices in the U.S., Canada and Europe and focuses on early and late-stage VC deals, […]

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.406 Ventures seeks $350 mln across two funds

Boston-based venture firm .406 Ventures, is seeking $250 million for its fourth fund, according to a filing with the SEC. The firm is also raising $100 million for its second opportunities fund, according to a separate regulatory filing. First sales were not reported. The firm closed its $217 million previous third fund in July 2015. In […]

VCJ Venture Fund

Northern Light Venture Capital raises nearly $450 mln for fifth fund

Northern Light Venture Capital, a China-focused firm targeting early-stage companies, raised almost $450 million towards its fifth venture fund from 23 LPs, according to a regulatory filing. Additionally, the firm is raising about $35 million towards a fifth strategic fund, according to a separate filing with the SEC. Founded in 2005, the firm has offices […]

ESO Fund raises funds for financing employee stock option purchases

Employee Stock Options Fund, a San Mateo, California-based fund, closed a $100 million third fund and a nearly $75 million second fund, according to a pair of regulatory filings. The filings say that 96 and 98 LPs participated in the third and second fund, respectively. The first sales took place in March 2017 for fund […]

Aleksandr Yampolskiy, SecurityScorecard, cybersecurity, private equity
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Cybersecurity-focused ForgePoint Capital seeks $400 mln sophomore fund

ForgePoint Capital, an early-stage venture firm focusing on cybersecurity companies, is seeking a $400 million second fund, according to a regulatory filing. A first sale was not reported. The San Mateo, California-based firm generally leads most of its deals and takes board seats on portfolio companies. The firm’s typical check size ranges from $5 million […]

Riverside Credit Solutions, private equity

Darwin seeks $110 mln for fifth fund-of-funds

Darwin Ventures, the San Francisco-based venture capital fund-of-funds, is raising $110 million for its fifth fund according to a filing with the SEC.  A first sale was not reported. The firm raised nearly $64 million from 70 LPs towards its previous fund as of October 2017, according to a regulatory filing. For its fourth fund, […]

Money Dollar Valuation VC
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Clear Ventures seeks $175 mln sophomore fund

Clear Ventures, a Palo Alto, California-based firm, is raising its second $175 million fund according to a regulatory filing. First sale has not yet been reported. The firm returns to fundraising almost three years after closing its debut $120 million fund in June 2016. Clear Ventures’ Co-Founders and General Partners Rajeev Madhavan, who was previously […]

Rosecliff Ventures, Michael Murphy, venture capital
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Rosecliff Ventures plans a busy 2019, eyeing fifth fund and new partnership

Rosecliff Ventures is poised to make 2019 an even busier year than last year. Over the last 10 months, the New York-based firm raised $475 million combined for three separate funds, including a $150 million fourth fund. This year, the three-year-old firm is looking to go back to the well again to raise a fifth […]

VCJ Podcast Spotfiy
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Spotify paid about $175 mln for VC-backed Anchor

In early February, Spotify announced that it is expanding beyond music and getting into the world of podcasting through its acquisitions of VC-backed Anchor, provider of a platform for podcast creation and distribution, and Gimlet Media, producer of well-known narrative podcasts. Spotify paid about $175 million (including retention and other deal adjustments) for the New […]