Three former Black Coral Capital partners launch Spring Lane Capital

By Kaitlyn Landgraf Bartley — 2 months 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.

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Little-known Gigafund seeks $100 mln

By Alastair Goldfisher — 3 months 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.

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Google launches Gradient Ventures to invest in AI

By Alastair Goldfisher — 3 months 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.

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Miami accelerator TheVentureCity seeks to raise $100 mln

By Alastair Goldfisher — 4 months ago

The newly launched Miami-based tech accelerator TheVentureCity is seeking to raise $100 million, according to a regulatory filing. The organization is led by co-founders Laura González-Estéfani, a former director of international business development and mobile partnerships at Facebook, and Clara Bullrich, a 20-year private banking and asset management veteran who most recently was managing partner for Guggenheim Partners Latin America.

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Playground Ventures seeks to raise $15 mln affiliates fund

By Kaitlyn Landgraf Bartley — 4 months ago

Playground Ventures is raising a $15 million affiliates fund in addition to its $500 million second fund, according to a filing with the SEC. The firm invests in companies developing software-defined hardware, including mobile-linking platform BranchRightHand Robotics and IoT video conferencing hardware company Owl Labs, according to its website. The Palo Alto-based venture firm and its affiliated tech incubator Playground Global is run by Andy Rubin, co-founder of Android, and Peter Barrett, Matt Hershenson and Bruce Leak.

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