Embodied raises $22 mln of Series A capital

Embodied said it raised $22 million of Series A capital in a round led by Calibrate Ventures and joined by new investor JAZZ Venture Partners. Jason Schoettler from Calibrate and Andrew Firlik from JAZZ will join the board.

venture capital, pension fund, Ohio Public Employees Retirement System, Industry Ventures, Top Tier Capital

Industry Ventures, Top Tier lead emerging venture portfolio at Ohio pension

Funds from Industry Ventures and Top Tier Capital Partners lead a portfolio of emerging venture-capital funds at Ohio Public Employees Retirement System. The portfolio, with vintages of 2013 to 2017, is made up largely of midsized and larger funds with an investment strategy favoring secondaries and funds of funds. Just over half the funds are […]

VCJ Venture Data Analysis

Social Capital claims its CaaS initiative has exceeded expectations

Social Capital said interest in the Capital-as-a-Service initiative it launched a year ago has exceeded its expectations. The firm, in a blog post, said it considered 5,000 applications for funding from entrepreneurs in 48 countries and approved 76 of them. Social Capital, with its initiative, is one of a number of firms pushing hard on […]

VCJ Venture Fund Growth

Social Capital reins in ambitious growth-stage investment plans

Social Capital said it reined in its growth-stage investment efforts, pulling back from plans to scale assets across multiple new funds and focus instead on a growth fund to back its own portfolio companies. In the process, the firm said recent hires Tony Bates and Marc Mezvinsky, brought on to manage the growth efforts, will […]

venture capital, fundraising, mergers, M&A

Venture returns slip in Q4

Venture-capital returns slipped in the fourth quarter of last year, with quarterly performance falling 13 percent to an IRR of 2.82 percent. However annual performance strengthened to a solid 11.08 percent for the year, according to data from Cambridge Associates. Both early- and late-stage returns bested multi-stage, but only by a small margin. Some longer […]