Lux Capital, which invests in robotics, drones, driverless cars, 3D technologies, VR, AR and related scientific technologies, announced in a blog post it has raised $400 million for a new venture fund. Fund V is nearly 15 percent larger than the $350 million the firm raised for Fund IV, which closed in 2015, according to Thomson Reuters. As part of the fund close, Lux also announced Renata Quintini has joined the firm as a partner. She previously was a general partner with Felicis Ventures, which she joined in late 2011 and where she invested in Dollar Shave Club, Bonobos and MetroMile, among others. She also blogged on Medium about her decision to join the Lux team, which she says she met eight years ago.
1 min read · 28 February 2017
1 min read · 27 February 2017
Enterprise-focused Wing Venture Capital has filed to raise a $20 million pool called Wing Strategic Partners Two. It's uncertain if the filing is a special purpose vehicle or an add-on to the firm's main fund.
1 min read · 24 February 2017
3 min read · 23 February 2017
2 min read · 22 February 2017
2 min read · 20 February 2017
2 min read · 20 February 2017
Boston-based Mylestone, which preserves memories via Amazon’s Alexa and other virtual assistants, announced it has raised $2.5 million in new funding led by True Ventures. Also participating in the round are Founder Collective, Boston Seed Capital, Converge Ventures and Mergelane. Mylestone, which was founded last year by Chief Executive Dave Balter, has now raised $4.5 million in total funding. Balter previously was with BzzAgent (which was acquired by Tesco in 2011) and Smarterer (acquired by Pluralsight in 2014). As part of the latest round, Tony Conrad at True Ventures has joined the board.
1 min read · 16 February 2017
3 min read · 15 February 2017
San Francisco-based Galore, which makes a mobile app that allows parents to book activities for their children, announced it has raised $1.65 million in seed funding led by Norwest Venture Partners and DCM Ventures. The funding will be used to expand the Galore services in the San Francisco Bay Area and other communities.
1 min read · 14 February 2017
