As venture capital investing ticked higher in the third quarter, several of the industry’s traditional centers, including New York and Silicon Valley, benefitted the most. Also on the upswing were San Diego and the Midwest, where activity accelerated. Feeling the most pain in the quarter were greater Los Angeles, Texas, the Southeast and the Northwest, […]
The growing size of venture deals has become a critical force in fueling this year’s increase in dollars deployed, with large transactions now reaching record levels. The growth is most obvious in late-stage transactions, but has spread to the earlier stages, including to usually less volatile Series A and seed deals. In broad terms, it […]
Houston Exponential has raised $25 million toward its Houston-based venture-capital fund of funds, the HX Venture Fund, according to a filing with the SEC.
Below is performance data for the University of Texas Investment Management Company‘s vintage 2017 and 2018 venture-capital funds. Internal rates of return are current as of February 2018. To download the full version of the spreadsheet below with additional data, click here: UTIMCO venture portfolio (2017 to 2018) Fund Vintage Commitment ($M) Distributions ($M) NAV ($M) IRR (%) […]
Menlo Ventures said it has hired Tiffany Spencer as vice president of marketing. Spencer joins Menlo from Bessemer Venture Partners.
Venture capitalists in the United States posted their strongest quarter of investing since the end of the dot-com boom in 2000, with $27 billion distributed to startups in the third quarter. Big deals fueled quarterly activity as a record 55 rounds of $100 million or more spawned the creation of 16 new unicorns, including LegalZoom, […]
Former New Enterprise Associates General Partner Jon Sakoda has filed to raise a $500 million venture-capital fund under the name Catalyst Labs Fund I, according to a filing with the SEC.
Forerunner Ventures said it raised a $360 million fourth fund to continuing investing in early-stage companies in a market place that has become increasingly competitive.
Rylo said it raised $20 million of Series B funding in a round led by Icon Ventures and joined by Accel Partners and Sequoia Capital. The funding brings capital raised to $35 million.
Below is performance data for the University of Texas Investment Management Company‘s vintage 2016 venture-capital funds. Internal rates of return are current as of February 2018. To download the full version of the spreadsheet below with additional data, click here: UTIMCO venture portfolio (2016 vintage) UTIMCO venture portfolio (2016 vintage) Fund Vintage Contributed capital ($M) Distributions ($M) NAV […]
When Floodgate raised a $131 million sixth fund in 2017, almost double its traditional $75 million fund, it ran headlong into a startling new reality. “The amount of reserves that we’re holding is the size of a regular fund,” Partner Ann Miura-Ko said she realized. Without managing that capital well, “it can tank our returns.” […]
So far the trickle of U.S.-trained tech workers returning to Africa, as well as to Europe and Asia, is small, but some suggest it may be the start of something big. “People want to return to the continent and do something that can impact the system,” said Josh Sandler, an entrepreneur and CEO of Africa-based transport-logistics […]
One data point that encapsulates the nation’s debate over skilled immigration is this: During the five-day application window for H-1B visas this April, 190,098 people petitioned for 85,000 spots. The more than 2-to-1 imbalance shows how skilled workers who want to come to the U.S. continue to overwhelm the available visas, as they have during […]
Many factors come together to create a fertile environment for venture investing: money, ideas, a new-era shift of technology to mobile, cloud or artificial intelligence. One largely overlooked factor is immigration. Most investors know immigrants make good founders, and as of January 2016 more than half the nation’s billion-dollar startups had at least one of them. […]
Khosla Ventures‘ General Partner Benjamin Ling has begun raising his own $60 million venture fund, according to a filing with the SEC.
Mercato Partners has set out to raise a $250 million venture-capital fund, according to a filing with the SEC.
Sequoia Capital formally filed to raise new U.S. venture-capital and growth funds, according a several of documents submitted to the SEC. The Silicon Valley firm did not report targets for the funds or initial closings.
Venture capitalists in the U.S. are steamrolling toward another strong quarter of investments, with $22.5 billion placed with domestic startups and another couple days to complete deals. Q3 is the third in a row with investments topping $20 billion, a streak matched only in 2000 at the height of the dot-com boom, according to Thomson […]