Mark Boslet
Poshmark said it raised $12 million in a Series B financing led by Menlo Ventures and joined by existing investors Mayfield Fund, Inventus Capital, SoftTechVC, and SV Angel. The new round brings the company’s funding to $15.5 million. Poshmark will use the capital to support its online community, expand to new platforms and make new hires.
Garage Technology Ventures is kicking off a cleantech investment initiative with a corporate partner that it hopes will blossom into a broader program and reach well beyond the energy industry.
VISION 360 DEGRES said it raised about $2.87 million from Iris Capital, SIPAREX Venture and Rhône-Alpes Creation. The money will aid the company's international expansion.
Of the 62 funds in Washington State’s portfolio, 32 have generated returns more than invested capital
VCs hand most underwriting deals to a small group of big Wall Street banks, creating a choke point for IPOs
Iris Capital, with offices in Paris, Dusseldorf and Dubai, said it has expanded its international reach by opening offices in North America and Asia. The new offices are located in Montreal. San Francisco, Beijing and Tokyo.
Chrysalix Energy Venture Capital said it launched a global network of independent, locally managed venture capital firms targetting cleantech investing. The Chrysalix Global Network reaches across three continents.
Mohr Davidow Ventures says it is charting a course away from the cleantech and life sciences investing of the past several years and back to the firm’s information technology roots.
It is not an easy time to be a cleantech venture capitalist. Still a hardened group of investors presses on. A handful of these determined GPs talk about what keeps them going.
Third quarter venture deal making saw a softening of early and growth stage valuations, but a continued high level of competition in later rounds. Median pre-money valuations fell in Series A and B deals, and up rounds across all stages of venture financing slumped modestly to 71% of deals compared with 77% in the second quarter, the law firm Cooley reports.