645 Ventures seeks $30 mln for sophomore fund

By Alastair Goldfisher — 3 days 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.

Continue

Three former Black Coral Capital partners launch Spring Lane Capital

By Kaitlyn Landgraf Bartley — 1 week ago

Three partners from Boston-based venture firm Black Coral Capital are raising up to $400 million for an inaugural fund as partners of a new firm, Spring Lane Capital, according to a filing with the SEC. Rob Day, Christian Zabbal and Nikhil Garg are listed as partners in Spring Lane Capital, according to the filing from Monday. No investors are mentioned in the filing. Black Coral, which focused on the cleantech sector, is in the process of winding down, Axios reported.

Continue

Little-known Gigafund seeks $100 mln

By Alastair Goldfisher — 3 weeks ago

A new fund called Gigafund, led by two members of Founders Fund, is seeking $100 million in capital, according to a regulatory filing. The listed partners at Gigafund are Luke Nosek, one of the early employees of PayPal and a partner at Founders Fund, and Stephen Oskoui, who’s LinkedIn profile says he is a venture partner at Founders Fund. The listed address of Gigafund is 1220 Seaport Blvd. in Redwood City, California, the same address as law firm Gunderson Dettmer.

Continue

Google launches Gradient Ventures to invest in AI

By Alastair Goldfisher — 1 month ago

Google, whose interest in artificial intelligence includes its Google.ai project to incorporate AI technology across all of its products, has launched Gradient Ventures on Tuesday as an independent investment vehicle. The amount of capital available to invest was not disclosed. The firm will invest in early-stage startups focused on AI and also provide portfolio companies with resources and access to experts and boot camps in AI, according to a blog post by co-founder and Managing Partner Ann Patterson.

Continue