Mamoon Hamid, an investor in Box, Slack and Yammer, is joining the venture team at Kleiner Perkins Caufield & Byers as a general partner, the firm announced. Hamid was most recently general partner at Social Capital, which he co-founded nearly six years ago, and before that was a partner at U.S. Venture Partners.
1 min read · 03 August 2017
3 min read · 01 August 2017
500 Startups Canada, the Canadian fund operation of Silicon Valley's 500 Startups, is folding and will not make any new investments as a result of recent sexual misconduct allegations involving co-founder Dave McClure, according to reports, including from the Canadian tech news site BetaKit. 500 Canada launched in March 2016 and was reportedly halfway to raising its US$30 million targeted fund when news of McClure’s conduct became public. McClure, under pressure for alleged inappropriate behaviour toward several women, resigned in early July from 500 Startups, which he co-founded seven years ago. In addition to serving as managing partner of the main fund, McClure also was listed as a partner on each of its microfunds, such as 500 Canada.
1 min read · 01 August 2017
500 Canada, the Canadian fund operation of 500 Startups, is folding and will not make any new investments as a result of recent sexual misconduct allegations involving co-founder Dave McClure, according to reports, including from the Canadian tech news site BetaKit. 500 Canada launched in March 2016 and was reportedly halfway to raising its $30 million targeted fund when news of McClure's conduct became public.
1 min read · 01 August 2017
3 min read · 31 July 2017
3 min read · 27 July 2017
3 min read · 27 July 2017
A new fund called Gigafund, led by two members of Founders Fund, is seeking $100 million in capital, according to a regulatory filing. The listed partners at Gigafund are Luke Nosek, one of the early employees of PayPal and a partner at Founders Fund, and Stephen Oskoui, who's LinkedIn profile says he is a venture partner at Founders Fund. The listed address of Gigafund is 1220 Seaport Blvd. in Redwood City, California, the same address as law firm Gunderson Dettmer.
1 min read · 27 July 2017
Canaan Partners, an investor in Kabam, Lending Club and Ebates, has filed to raise its 11th fund. No fund amount was listed on the regulatory filing. The Menlo Park, California firm raised $675 million for its 10th fund in 2014.
1 min read · 25 July 2017
San Mateo, California-based PerimeterX, a provider of behavior-based threat protection technology, has raised $23 million in a Series B round of funding led by Canaan Partners. Existing investors Vertex Ventures and Data Collective also participated in the round. As part of the funding, Joydeep Bhattacharrya, a partner at Canaan, has also joined the board. The company previously raised $11.5 million from investors.
1 min read · 25 July 2017
