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

By Alastair Goldfisher — 1 week 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 — 2 weeks 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 — 1 month 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 — 3 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 — 4 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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