Imaginary Ventures seeks $100 mln for inaugural e-commerce fund

By Alastair Goldfisher — 6 days ago

New York-based Imaginary Ventures is seeking $100 million for its debut, according to a regulatory filing. The firm will reportedly invest in the e-commerce space, including retail, fashion, lifestyle and beauty. The firm is led by Natalie Massenet, who in 2015 resigned from luxury e-tailer Net-A-Porter that she founded, and Nick Brown, who most recently was a partner at 14W Venture Partners in New York.

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Edtech-focused Reach Capital seeks $75 mln

By Alastair Goldfisher — 3 weeks ago

Palo Alto, California-based Reach Capital, which focuses on edtech startups, is seeking to raise $75 million for its second fund, according to a regulatory filing. The firm, founded in 2015, is made-up of former teachers, entrepreneurs and product managers. General partners listed in the regulator document are Jennifer Carolan, Wayee Chu, Shauntel Poulson and Esteban Sosnik.

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Ex-500 Startups partners seek $50 mln for Hustle Fund

By Alastair Goldfisher — 3 weeks ago

Elizabeth Yin and Eric Bahn, former partners with 500 Startups, are seeking to raise $50 million for Hustle Fund I, according to a regulatory filing. The fund has not yet raised any commitments. Information about the Hustle Fund, which lists an address in San Carlos, California, is not available. But in a blog post earlier this, Yin described how today’s crop of new VCs work hard to find deals and “They have to hustle for every deal. They have to hustle to fundraise for their current or next fund.”

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Samsung unveils $300 mln fund to focus on automotive tech

By Alastair Goldfisher — 1 month ago

Samsung announced it has formed a $300 million Samsung Automotive Innovation Fund to focus on the automotive sector. The fund launch follows its $8 billion acquisition of audio and auto parts supplier Harman earlier this year. The Samsung fund will invest in such connected car segments as sensors, machine vision, artificial intelligence, high-performance computing, cloud services, mobile connectivity, automotive-grade safety and security. The first investment is TTTech, a Vienna, Austrian-based provider of networked safety controls for the automotive industry.

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645 Ventures seeks $30 mln for sophomore fund

By Alastair Goldfisher — 2 months ago

New York-based early-stage investor 645 Ventures has filed to raise $30 million for its second fund, according to a regulatory document. The firm, which is a backer of Goldbely, Poshly and Voodoo Manufacturing, among others, raised its initial fund in 2014 although the amount was undisclosed. 645 Ventures II is led by co-founders and General Partners Aaron Holiday and Nnamdi Okike.

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