private equity, Brightstar Capital

Bond seeks $1.25 bln, Fuel reloads with $75 mln and a recap of more recent venture fundraising activities

U.S.-Focused Funds Fuel Capital closed a $75 million third fund targeting seed-stage companies developing business software, developer tools and pursuing consumer initiatives, specifically consumer market places. The fund is a step up from the Burlingame, California-based firm’s $46 million second fund and $25 million debut fund when it launched in 2013. The firm said it […]

Data Spotlight: U.K. tops list of European dealmakers in March, thanks to satellite company OneWeb

The London-based satellite internet communications company OneWeb raised the most capital of any European company in March. The company raised $1.25 billion in new capital led by SoftBank Group Corp, OneWeb’s largest investor. Returning backers included Grupo Salinas, Qualcomm Technologies Inc and the government of Rwanda. It was the largest venture deal in Europe during March, […]

VCJ Venture IPO Profiles
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March IPO profiles: Unicorn Lyft leads the way

The start of the unicorn IPO parade kicked off in March as Lyft held its public debut, going out on the Nasdaq and raising more than $2.3 billion in proceeds, valuing it initially at more than $24 billion. The ridesharing company was one of four VC-backed companies to launch offerings in March. In comparison, February […]

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Monthly recap of VC fundraising through April 15

U.S.-focused funds Core Innovation Capital is seeking $100 million for its third fund. The fund is a third larger than Fund II, which closed at about $72 million. Core Innovation was founded in 2010 to invest in financial services and technology. It has offices in the South Park area of San Francisco and in Los Angeles. […]

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At Israel’s ClalTech, author Shinar pens broad tech-investing strategy

By Joshua Mitnick, VCJ Correspondent ClalTech CEO Daniel Shinar, a technology scout in Israel for the executive Len Blavatnik, has taken an unconventional path to venture investing. While Israeli tech leaders emerge from the army’s programming units, Shinar was groomed as an intelligence analyst during the second Palestinian uprising. That experience inspired him to pen the […]

VCJ Venture Dashboard IPO

March Dashboard: Exits surge in the month, thanks to Lyft IPO

A total of eight VC-backed startups disclosed their acquisition prices in March, helping lift the M&A numbers. What also helped the exit totals was the IPO of the unicorn Lyft. Meanwhile, fundraising and deals slowed in March. The numbers below are based on preliminary data from Thomson Reuters. Fundraising (value down 27%) Although the fundraising […]

VCJ Venture People Moves

VCs on the Move, recap: New Markets taps Chou a GP

Scale Venture Partners promoted Jeremy Kaufmann to principal. Prior to joining the Foster City, California, venture firm, Kaufmann worked at Salesforce. ForgePoint Capital, the cybersecurity-focused venture firm, promoted Will Lin to partner. New Markets Venture Partners promoted Elizabeth Chou to general partner. Prior to joining New Markets, Chou was a senior associate at Gladstone Cos. Glasswing Ventures named Vlad Sejnoha venture partner. He is former SVP and […]

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Data Spotlight: Top 10 deals in March

Below is a report of the top 10 VC-backed deals in the tech, internet, healthcare and consumer sectors. The San Francisco marketplace OpenDoor Labs, raised a $300 million round to stand atop the internet category, according to preliminary data from Thomson Reuters. In the consumer category, mattress maker Casper Sleep raised $100 million. Below are […]

VCJ PitchBook Data NVCA Q2
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Recap of VC fundraising over the last month

U.S.-Focused Funds Boulder Food Group, a venture firm focused on early-stage innovative and socially conscious food, beverage, and supplemental brands, raised more than $103 million toward its second fund. The fund, with offices in Boulder, Colorado, and Los Angeles, was oversubscribed and received commitments from 57 LPs. Boulder Food Group was founded by Tom Spier, a co-founder […]

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February IPO profiles: Drugmaker Gossamer Bio leads the way

IPO activity has so far been slow in 2019 as the VC and tech communities await a number of large public offerings. January saw zero VC-backed IPOs in the month, while February had seven, which raised a combined $820 million in proceeds. Six of the seven companies are in life sciences. Leading the way was […]

VCJ Venture Dashboard Percentage

February Dashboard: Fundraising was robust, but falls short of January’s high watermark

A number of venture firms secured fund commitments in February, but the month’s totals dropped compared with the fundraising activity in January. Meanwhile, M&A stepped back as deals and IPOs surged. The following indices are based on preliminary data from Thomson Reuters. Fundraising (value down 19%) In most months the fundraising mark in February would […]

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Post Venture Capital Index gains ground in February

The Thomson Reuters’ Post Venture Capital Index (PVCI) advanced in February, reversing the drop it had in January. The PVCI gained 30.65 points to end February at 1027.40. The month before, the index fell by nearly 15 points. The PVCI started the year at 1012.45. At the end of February, the PVCI was composed of […]

VCJ Venture People Moves

VCs on the Move: Monthly recap includes Y Combinator’s Altman and more

Y Combinator: Sam Altman stepped down as president to become chairman. Other partners will assume Altman’s duties as president, the firm said. In his new role, Altman will focus on the nonprofit OpenAI and other pursuits. In addition, the incubator said that it’s looking for space to move its headquarters and demo days to San Francisco from Mountain […]

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Maveron leads Two Chairs Series A to fuel in-person mental-health support

By Sarah Buhr Davis, VCJ Correspondent Two Chairs, promising to bring a new mental-health-care model to the professional Silicon Valley crowd and beyond, closed on $7 million in Series A funding from Maveron. Maveron led the Series A, with participation from Goldcrest Capital and newcomer Amplo, which also invested in One Medical competitor Parsley Health. And it’s the One Medical/Parsley Health physical-location […]