Lightspeed Venture Partners, Hummer Winblad Venture Partners and New Enterprise Associates are in line for big windfalls from last week’s MuleSoft IPO. The three firms collectively own 42.1 percent of the company, according to the MuleSoft S-1 filing detailing the post-offering ownership. Also in position for nice paybacks are Morgenthaler Ventures (now known as Canvas Ventures), Sapphire Ventures and […]
A 2005 fund from JMI Equity is at the top of a portfolio of late-decade growth funds at the Hawaii Employees’ Retirement System by a mile. The portfolio of vintage 2004 to 2010 funds is weighted toward large funds. Seven are a billion dollars or larger, in several cases much larger. Included is TA Associates’ 11th […]
Foundation Capital Partner Adit Singh has joined the new firm NeoTribe Ventures as a partner. In a letter to LPs, Foundation Partner and General Counsel David Armstrong said Singh will transition to the new gig “in early April 2017.” NeoTribe was recently founded by Krishna “Kittu” Kolluri, who left New Enterprise Associates in December after 11 […]
A 2008 fund from Aisling Capital sits on top of a venture portfolio of mid-life and newly minted funds at the Pennsylvania Public School Employees’ Retirement System, according to a recent performance report. The portfolio favors mid-sized funds with a multi-stage approach to investing. All but three of the funds fall between $350 million and […]
The past seven years have brought a broad expansion of the role portfolio-company services play at many venture firms. Recruiting, marketing, even site design, have become functions many partnerships provide to their investments. This leaves the question: What about user acquisition and demand generation? That’s exactly the need Ryan Metzger tries to fill at Madrona […]
Fundraising (value down 28%) Fundraising for U.S.-based venture firms dropped in February, racking up nearly $1.48 billion compared to January’s $2.0 billion. Formation Group led the way, collecting $357 million for its maiden fund. Greycroft Partners came in second, pooling $250 million for its second growth equity fund. Deals (value fell 37%) Deal value fell […]
A 2007 fund from Tenaya Capital leads a mid-decade venture portfolio at the Pennsylvania Public School Employees’ Retirement System. The portfolio is an unusual mix of mid-sized and smaller funds favoring a later or multi-stage approach to investing. Only one fund is above $1 billion, and that fund invests in secondaries. The remaining 10 funds […]
Alex Derber, VCJ Correspondent Frontline Ventures of Dublin is only four years old, but in Europe’s blossoming seed landscape, that makes it almost a veteran. Citing recently raised debut funds from London-based Downing Ventures, Entrepreneur First and Episode 1, among others, Frontline co-founder William McQuillan reels off a long list of seed investors that hadn’t yet […]
After last night’s NVCA Leadership Gala, I want to ask the more than 300 people who attended at the Rosewood Sand Hill whether they went home and downloaded a chess app. That’s because of something that keynote speaker Admiral Eric T. Olson, U.S. Navy (Ret.), said about chess. Olson, who was interviewed on stage in a fireside […]
The worldwide market for venture capital fundraising has had a busy start to 2017, with a record 940 funds seeking capital globally and already $16 billion already committed to funds that have held interim closes, according to a study from Preqin. This comes on the heels of an active 2016, when 382 funds received $55 […]