Moonshots raises $20 mln for its inaugural fund

By Alastair Goldfisher — 5 days ago

Moonshots Capital, a seed-stage venture firm founded by military veterans and serial entrepreneurs-turned VCs, announced it has raised $19 million for its inaugural fund. LPs include Dave McCormick, Co-CEO of Bridgewater Associates. The firm, led by Managing Partners Kelly Perdew and Craig Cummings, has offices in Los Angeles, California and Austin, Texas. Moonshots said it has already invested in four deals, including cybersecurity company New Knowledge and business travel booking provider Shep.

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Dragonfly to invest in cryptocurrencies with $100 mln maiden fund

By Alastair Goldfisher — 1 week ago

San Francisco-based Dragonfly Capital Partners announced this morning its launch of a $100 million fund to invest in cryptocurrency deals. The firm is led by Managing Partners Alexander Pack, who previously headed network investing at Bain Capital Ventures, and Bo Feng, who previously was a founding partner of Ceyuan Ventures.The firm said it already has a portfolio of 20 companies, including Basis, Spacemesh and Oasis Labs. The fund’s investors include Salil Deshpande of Bain Capital Ventures, Marc Andreessen and Chris Dixon of Andreessen Horowitz, Cyan Banister of Founders Fund, Olaf Carlson-Wee of Polychain Capital, Neil Shen of Sequoia China, and others.

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Amplify Partners wraps up third fund with $200 mln

By Alastair Goldfisher — 4 weeks ago

Menlo Park, California-based Amplify Partners announced it has closed its third fund with $200 million in commitments. A regulatory filing indicated 50 investors contributed to the fund. The firm, founded in 2012 by General Partners Sunil Dhaliwal and Mike Dauber, raised $125 million for its previous effort in 2015. The firm backs early-stage technical founders in such sectors as machine intelligence, infrastructure, developer tools and security.

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Cybersecurity investor Ten Eleven raises $140 mln for growth fund, adds Temasek as LP

By Alastair Goldfisher — 2 months ago

Burlingame, California-based cybersecurity-focused investor Ten Eleven Ventures announced it has raised $140 million for its second growth fund. The firm, managed by Alex Doll, a digital-security entrepreneur and son of DCM Ventures co-founder Dixon Doll, and investor Mark Hatfield, said it added several new investors into the fund, including Singapore LP Temasek. Ten Eleven said it will work with Temasek to expand geographically, including into Southeast Asia, where the firm says its portfolio companies are aiming to reach when they hit the point of scaling.

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Fuel Capital aims to fill up with $75 mln third fund

By Alastair Goldfisher — 3 months ago

San Francisco-based Fuel Capital, which raised more than $46 million in 2016 for its second fund, is seeking to raise $75 million for its third early-stage fund, according to a regulatory filing. Listed as partners on the filing are Founding Partner Chris Howard, a former seed-stage investor at Ignition Partners, and Leah Busque, the TaskRabbit founder who joined the firm last fall as its second general partner.

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Builders VC Fund marches toward $200 mln target

By Alastair Goldfisher — 4 months ago

Early-stage venture firm Builders, which has offices in San Francisco and Chicago, has raised more than $115.5 million from 36 investors toward its $200 million targeted inaugural fund, according to a regulatory filing. The Builders VC Fund was launched in late 2016 by Paul Lee, who was formerly with Lightbank, and Jim Kim, who previously was with Formation 8. Separately, Builders raised $10 million from three investors for Builders VC Entrepreneurs Fund I, according to a regulatory document.

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Proof fund raises $18.6 mln toward target

By Alastair Goldfisher — 5 months ago

Reston, Virginia-based Proof has raised more than $18.6 million toward a targeted $100 million fund, according to a regulatory filing. The filing reports the commitments to date have come from 44 investors. The fund, co-founded by John Backus, John Burke and Thanasis Delistathis, teams up with early-stage firms to support their pro-rata investments in subsequent rounds of their portfolio companies. Investments include Beyond Meat, Casper and Signifyd, among others.

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PCF makes four acquisitions

By Iris Dorbian — 6 months ago

Woodland Hills, California-based Peter C. Foy & Associates Insurance Services LLC, which is backed by BHMS and Madison Capital, has made four acquisitions: R.L. Milsner, Inc. Insurance Brokerage, Senex Insurance Services, Inc, Stratton Agency and Clark & Associates of Nevada Inc. No financial terms were disclosed.

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