Alastair Goldfisher
A weekly letter from the VCJ editor about who we're meeting and what we're hearing on the grapevine.
Uncork Capital, a backer of unicorns Poshmark and Postmates, has raised $100 million for its sixth main early-stage fund and $100 million for its second opportunity fund to back existing portfolio companies. Regulatory filings for the main fund and the opportunity fund, called Uncork Plus II, indicate a small amount of capital has yet to be raised, but a source said the funding is wrapped for each at $100 million.
A weekly letter from the VCJ editor about who we're meeting and what we're hearing on the grapevine.
Kuo-Yi Lim describes his perfect day as sitting in Section 42, Row 37, Seat 21 of Fenway Park, under 80-degree weather, with a hot dog and a cold beer. The seat, colored red, marks the longest home run ever hit at Fenway, by Ted Williams, on June 9, 1946. The ball traveled 502 feet from […]
Two Sigma Ventures has tapped Villi Iltchev as a partner. Iltchev was most recently a partner with August Capital, which he joined in 2016.
Brick & Mortar Ventures, a San Francisco-based venture firm focused on construction tech, has wrapped up its maiden fund with $97.2 million in commitments. Brick & Mortar founder and Managing Director Darren Bechtel, who has construction and engineering in his family tree, told Venture Capital Journal that he came up with the idea for the […]
A weekly letter from the VCJ editor about who we're meeting and what we're hearing on the grapevine.
Oak HC/FT, which last week announced it raised $800 million for its oversubscribed third fund, announced several promotions. Nancy Brown, who joined the firm in 2014 and focuses on growth equity and early stage venture deals in healthcare, was named general partner.
San Francisco-based Armory, which commercializes Spinnaker, an open source platform for delivering software, announced it has raised a $28 million Series B round led by Insight Partners. The round also included follow-on investments from all existing investors, including Crosslink Capital, Bain Capital Ventures, Mango Capital, Y Combinator and Javelin Venture Partners.
Venture fundraising is robust again in 2019, with the year on pace to strike another record. And competition is stiff for venture firms looking to raise. Or at least that’s what one LP told the co-founders of Oak HC/FT, who began raising their third fund in April. The LP said one-third of its venture portfolio […]