1984 Ventures seeks $75 mln for inaugural fund

By Alastair Goldfisher — 1 month ago

San Francisco-based 1984 Ventures, led by entrepreneur and investor Ramy Adeeb, is seeking to raise $75 million for its first venture fund, according to a regulatory filing. Adeeb is the founder and CEO of Snip.it, which was acquired by Yahoo. He is also a onetime principal at Khosla Ventures, where he worked on such investments as Square and Ness Technologies, according to his bio.

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CircleUp creates CircleUp Growth Partners, raises $125 mln fund

By Alastair Goldfisher — 1 month ago

San Francisco-based CircleUp, which operates an investment marketplace focused on early-stage consumer brands, announced today it raised a $125 million fund, CircleUp Growth Partners, which closed at 25 percent above its $100 million target. The firm, led by Managing Directors Alison Ryu and Ben Lee, will use the funds to invest in consumer brands, via a machine-learning platform it developed, called Helio.

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

By Alastair Goldfisher — 2 months 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 — 2 months 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 — 2 months 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 — 3 months 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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