Why PICO likes to invest in Israel; firm raises sophomore fund

Israeli-based PICO Venture Partners this week said that it closed on its $80 million second fund. Co-founder and Partner Gina LaVersa said in a telephone interview that most of the investors in the first fund participated in the second fund, which took 18 months to raise. “The fund came in really strong, and we were […]

Fund Real Estate

Fifth Wall raises $503 mln from 50 LPs for real estate investing

Los Angeles-based venture firm Fifth Wall Ventures could well serve as a case study for the recent surge in real estate investing. Two years ago, when the firm announced its $212 million debut fund, it raised primarily from nine strategic investors from the U.S. real estate industry. Fast forward to today and Fifth Wall, which […]

VCJ Venture San Diego

Anzu finds niche in new companies selling ‘picks and shovels’ to major industries

There’s a Mark Twain saying that “There’s gold in them thar hills.” A possible rephrasing is that “There’s gold in them thar labs” as rallying cry for Anzu Partners, which announced recently that it is raising a second fund. Anzu already has commitments of $110 million, according to David Michael, managing partner in the firm’s […]

VCJ Venture Regional Report Ohio

As investing soars in the Buckeye State in 2018, local VCs say it will continue

Ohio is not just another flyover state when it comes to venture investing. Although venture activity in the state has appeared to slow in the first quarter of 2019, venture investing has been ablaze in the Buckeye State, especially in and around the Columbus area. In 2018, venture investors pumped more than $1 billion into […]

GFR Fund, Japan, venture capital, esports, digital entertainment, VR, AR

GFR Fund raises $20 mln to back AR, VR, esports, more

GFR Fund raised a $20 million second fund to invest in the digital-entertainment sector. The early-stage venture firm, managed by the GREE VR Capital unit of Japanese mobile-gaming company GREE, has offices in San Francisco and Tokyo. The fund is backed by multiple strategic investors from Asia. GFR last year raised an $18 million first fund. A spokesperson […]

Dafina Toncheva, U.S. Venture Partners, venture capital

USVP’s Toncheva learned hard life lessons and passes them on to founders

For U.S. Venture Partners‘ Dafina Toncheva, the first success factor startup founders need is determination. “Entrepreneurs can beat the odds if they have a relentless conviction in their ideas and abilities,” she says. And she should know. Having struggled out of a childhood in a small Bulgarian town, she’s built her own career on grit […]

VCJ Healthcare Security Venture

VCs seek cures for ailing healthcare data systems

Healthcare certainly doesn’t get a very clean bill of health when it comes to data breaches. One report from the Ponemon Institute, and sponsored by the IBM Security, says the sector lost $6 billion in 2016 due to data breaches. Given this large and embarrassing loss, the sector is clamoring for help from software vendors, […]

CAZ Investments, private equity, family office

Texas VC Joshua Baer to boost four-city `startup megalopolis’ plan at PartnerConnect Southwest in Austin

Over the past decade, Texas has emerged as the world’s 10th-largest economy and the second largest in the U.S. behind California. But Joshua Baer, founder of Capital Factory, an Austin startup accelerator complete with collaborative workspace, thinks the Lone Star State can do even better. The veteran investor has launched what he calls the Texas […]

PC West VC

Correlation’s Coats headlines upcoming PC West event in Half Moon Bay

What’s hot, and what’s not? The question will undoubtedly be top of mind when more than 400 VCs, LPs and others gather for the annual PartnerConnect West conference at the Ritz-Carlton on Oct. 10-11 in Half Moon Bay, California. The array of investors who attend will get lots of chances to network and to hear […]

Money Bills Strut VC

IndieBio’s new ventures strut their stuff during Demo Day

Startups in a broad range of fields, including food, the environment and medical aesthetics, led the field of graduates from IndieBio. And they presented their tech at the accelerator’s latest Demo Day in mid-September. Prellis Biologics stood at the head of the 12-member graduating class. The San Francisco startup, which is engineering human tissue and organ replacements […]

Poizner Section 32 Fund VC

Poizner’s new Alliance to promote the next Silicon Valley

Steve Poizner, San Diego resident, serial entrepreneur and onetime California gubernatorial candidate, says the time has come to lure venture-backed business to Southern California and away from Silicon Valley and the rest of the San Francisco Bay Area. In June, Poizner announced the Alliance for Southern California Innovation, a nonprofit to help promote the region for […]

VC Fund Data Analytics

Correlation of analytics and successful deal making remains elusive

The jury, you might say, is still out for Correlation Ventures. In 2012, the San Diego venture firm started taking a novel approach to investing. In its investment decisions, the firm uses predictive analytics software to find the next all-star and help with deal making. After five years, Correlation Managing Partner David Coats said he […]

Avalon Ventures, Kevin Kinsella, venture capital, divorce, legal, lawsuit

Jurors rule against San Diego VC Kinsella in case about mediation

Kevin Kinsella, founder and managing director of Avalon Ventures, is one of San Diego’s winningest VCs, with his firm boasting a long list of successful exits in tech and biotech companies. But the verdicts in a trial that ended in mid-May may not have been what he was hoping for. In San Diego Superior Court Kinsella […]


After legal dispute, Dallas firm changes name, adds partner

After a year-long legal dispute, the Texas VCs Jeff Williams and Jason Story have changed the name of their early-stage venture firm to Interlock Partners from Hangar Ventures. And they’ve added a third partner, who will be based in New York. Harry Hawks, the new addition, was chief financial officer for Hearst Television from 1992 to […]

chatbots, technology, venture capital, Octane AI, Phil Libin, General Catalyst Partners

Outsmarting the competition to find the winners in AI

Early-stage investor ff Venture Capital says that from an investing perspective, 2017 is the year of artificial intelligence. And it’s among a number of venture firms putting startup capital where their AI instincts are. Market researcher Marketsandmarkets expects the AI market to reach more than $16 billion by 2022, a rate of nearly 63 percent a year. The research firm […]

private equity, Parthenon Capital, Eliza Corp., health care, IT

Market for digital therapeutics looks healthy

Digital therapeutics, combining remote patient monitoring, behavior modification, wearables, data analytics and related technologies to treat patients with chronic conditions, has been big on promises but short on delivery, despite the best efforts of a number of venture-backed companies in the sector. But that’s about to change and for the better, according to a report […]

Kobe Bryant Athletes

Kobe Bryant, shooting for a big score, joins league of athletes-turned-VCs

Basketball superstar Kobe Bryant, who at the end of last season retired after a 20-year career with the Los Angeles Lakers, has joined a long list of athletes diving headlong into venture capital. In late August, Bryant said he formally partnered with scientist-turned-tech-entrepreneur Jeff Stibel to launch an early-stage venture firm, Bryant Stibel. The Malibu, California, firm […]