Tribe Capital, a firm co-founded by former Social Capital Partners Arjun Sethi, Ted Maidenberg and Jonathan Hsu, has set out to raise a $150 million maiden venture capital fund, according to a filing with the SEC. The fund did not report a first close and is smaller than the $200 million media reports speculated it […]
Talk about growth equity: 137 Ventures in 2014 hired Nick Procaccini as a summer intern and just five years later named him an investment partner. “From associate to principal to partner, exactly as I drew it up.” Procaccini jokes. But no joke here: The firm, which itself is just eight years old, tapped the Delaware-born […]
Investors may be slowly beginning to buy into the “Africa rising” narrative. In 2018, almost $1.2 billion has been raised by African tech startups, according to a report by a French venture firm Partech. While the total funding in VC investments into the continent is estimated to be $725 million, according to WeeTracker, a media […]
Cash continued to flow to the major centers of venture investing in the first quarter, with a huge boost of deal value in New York and capital levels strong in Silicon Valley and Boston. Investment in the second-tier centers of Austin, Texas, and the Pacific Northwest also rose solidly, but Chicago, Los Angeles and the […]
Three years after the widely covered partner dispute that involved accusations of abuse, a restraining-order and an investigation by the fund’s investors, Xfund, an early stage venture firm, is back in fundraising mode, seeking $100 million towards a third fund, according a regulatory filing. The Palo Alto, California-based firm was founded by Patrick Chung, who […]
Venture dealmaking in Europe is beginning to look more like that of the United States, with more money pouring into a fewer number of deals and round size increasing. European VCs put a near record $7.6 billion to work in the first quarter, the second largest quarter on record, trailing only the fourth quarter of […]
After nine straight years of growth, Canada’s venture capital market showed no signs of slowing down in early 2019. The top 10 first-quarter VC financings drew C$667 million ($500 million) from VC funds. While that’s down 28 percent from the C$923 million raised by the top 10 deals a year earlier, it exceeds first-quarter results […]
Venrock’s Tom Willerer, an edtech specialist, sees promise in the unusual pay-for-performance tuition structure of Make School, the firm’s first investment in the field. The Palo Alto, California, firm recently led a $15 million Series B funding of Make School, a coding boot camp that recently began offering a fully accredited bachelor’s degree in computer […]
Three investors from Horizons Ventures, Greylock Partners and 500 Startups have banded together to launch Proof of Capital, a $50 million fund focused on worldwide blockchain startups. The fund, whose LPs include individuals and corporates, will invest in fintech (such as payments, remittance, custody and wallet technologies), infrastructure (including cybersecurity and identity verification), hardware and […]
By Joshua Mitnick, VCJ Correspondent ClalTech CEO Daniel Shinar, a technology scout in Israel for the executive Len Blavatnik, has taken an unconventional path to venture investing. While Israeli tech leaders emerge from the army’s programming units, Shinar was groomed as an intelligence analyst during the second Palestinian uprising. That experience inspired him to pen the […]