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“I came up through auditing and working on IPOs,” Jeff Grabow said of his 30-year career at EY, the professional-services firm, “and so I got a ground view” of how businesses are built. “And it was a great experience because you’re tossed in dealing with CEOs and CFOs of really fast-growing, nimble organizations that are […]

A pair of tiny secondary purchases leads a late-decade portfolio at Hawaii Employees’ Retirement System, but three Battery Ventures funds are the ones that shine. The portfolio of 10 venture funds with vintages of 2007 to 2010 has done remarkably well overall. All but two of the funds had IRRs in the double digits as […]

Residential-real-estate-brokerage startup Door expects to close its Series A round this week, founder and Chief Executive Alex Doubet told VCJ. The Dallas company formally launched the round during Thanksgiving week last year, targeting $2 million, and now has commitments exceeding that goal. Door previously raised a seed round of just under $800,000 from high-net-worth individuals. “I call […]

Clearly, 2016 wasn’t a banner year for technology or life sciences IPOs, but don’t make the mistake of mixing the tales of these two sectors. There were numerous differences. This would be especially true for the second half of the year, when half of life sciences deals closed flat to down on their first day […]

Canadian venture investing hit a 15-year high in 2016 thanks to numerous large-sized rounds, many of them the outcome of years of heavy lifting by local investors. VC funds invested $3.7 billion in 2016, up 36 percent from 2015, according to data from Thomson Reuters. The key variable was big financings. Fourteen rounds sized north of $50 million took $1.4 billion, or 37 percent, of the total invested. That’s a record concentration of cash in Canada’s top deals.

Snap’s investor list reads like a who’s who of venture capital, but Benchmark and Lightspeed Venture Partners are the ones that will make the biggest bundle of cash from the company’s IPO. Also high on the list of major shareholders are General Catalyst Partners, SV Angel and Technology Opportunity Partners, according to the company’s Form […]

By Alex Derber, VCJ Correspondent Prior to the first dot-com bubble, Paris was Europe’s most important city for venture capital, a status it relinquished to London after the millennium. After 17 years, though, Paris is poised to regain the top spot. France’s venture and growth capital fundraising outstripped Britain’s by roughly $1 billion in 2015 […]

Los Angeles-based seed-stage investor Fika Ventures has wrapped up its inaugural fund with $40 million in commitments. Co-founders and General Partners Eva Ho, formerly with Susa Ventures, Tianxiang “TX” Zhuo from Karlin Ventures, and Vice President Arteen Arabshahi, who’s also from Karlin, launched fundraising efforts in September to invest predominantly in seed-stage startups in Los Angeles […]

When most venture investors think of Europe, they think of the entrepreneurial hubs of London, Berlin and, to a lesser extent, Scandinavia. They might do well to broaden their horizons. Eastern Europe has a lot of technical talent and the talent is “really converting now,” said Marcin Hejka, the Intel Capital managing director in charge […]

A maturing portfolio of near end-of-life funds at the Hawaii Employees’ Retirement System has felt the retrenchment of the past 1½ years, but Canaan Partners’ seventh fund remains on top. All but two of the funds in the portfolio saw their performance pull back in the nine quarters ended March 2016, according to a recent […]