VCJ Venture NEA Restructuring

NewView leads $55 mln deal with Heap

NewView Capital announced Tuesday it has led a $55 million Series C transaction into Heap in a deal that brought in new investors DTCP, Maverick Ventures, Triangle Peak Partners, Alliance Bernstein Private Credit Investors and SharesPost. The deal is the NewView’s second primary transaction since completing a roughly $1 billion secondary purchase of 26 New […]


ACME Capital, formerly Sherpa, to raise $200 mln fund

ACME Capital, formerly Sherpa Capital, has set out to raise a $200 million venture capital fund, according to a regulatory filing. ACME is co-founded by Hany Nada, a co-founder of GGV Capital who left the firm in 2018, and Scott Stanford, a co-founder of Sherpa Capital. Sherpa Capital became embroiled in turmoil after co-founder Shervin […]

LACERS, Los Angeles, private equity, pension fund, real estate

Fund Performance: Longitude, DCM, Bay lead venture portfolio at LA pension

Longitude Capital, DCM Ventures and Bay Partners stand atop a portfolio at the Los Angeles Fire and Police Pension System. The portfolio features vintages from 2004 to 2007. The top performer as of June 2018 was Longitude Venture Partners, with an IRR of 25.5 percent, according to a VCJ analysis of the report. The $325 […]

growth, confidence, finance, increase, rise

Secondary market poised to top $100 bln for first time

Secondary transactions could top $100 billion for the first time this year as rapid growth continued during the first half of 2019, sending the global market up about 32 percent, according to NYPPEX. Private-equity transaction volume reached approximately $55.4 billion for the first six months of the year, with LP-related transactions making up almost two-thirds […]

Money Stack Funds VC

Deal size rises for convertible notes

Convertible notes by and large have continued to rise in size, keeping pace with the expansion of priced rounds in venture capital. The median size of convertible debt transactions rose 14 percent in recent months to $1.6 million, according to a 15-month study Fenwick & West conducted from January 2018 to March 2019. This was […]

cybersecurity, security, computer, software

Cybersecurity investment sets record pace in Q2

Cybersecurity investing held up its rapid pace this year with U.S. cybersecurity startups raising a record $1.5 billion in the second quarter, according to data from Thomson Reuters. The quarter included large deals, such as KnowBe4’s $300 million round and SentinelOne’s $120 million funding. (See bottom of story for a list of cybersecurity companies that […]

VCJ Venture Chips AI

Investors underwrite new era of chips

With Moore’s Law coming to an end, a new generation of semiconductor companies has seen a surge of investing. These task specific silicon makers could be the future, even if funding temporarily throttles back

VCJ Venture Top of Mind

Miraki’s Velis on investing in lab technology and reserving for today’s larger rounds

In May, Miraki Innovation said it had set out to raise a $175 million third fund to mine academic and research labs for technology. Founder Christopher Velis said the Cambridge, Massachusetts-based firm is focused on medtech, including delivery systems for drugs, surgical robotics, nano-molecules, advanced visualization systems, and genetically modified proteins and peptides He added that Miraki […]