Detroit-based Fontinalis Partners, which invests in transportation technologies, announced it has raised $100 million for its second fund. The firm, which also has an office in Boston, says it now manages $165 million in committed capital since it was founded in 2009 by Ralph Booth, Bill Ford (the great-grandson of Henry Ford), Chris Cheever, Chris Thomas and Mark Schulz.
1 min read · 13 July 2016
Longtime venture capitalist and biotech entrepreneur Lawrence Bock, who co-founded Avalon Ventures in 1988, passed away at his home on July 6 after battling pancreatic cancer. He was 56. Bock, born Sept. 21, 1959, in Brooklyn, New York, founded joined Fairfield Venture Partners in 1985 after doing research at Genentech in infectious diseases and earning an MBA from UCLA. He then helped launched Avalon and then moved to CW Group in 1997. He most recently was serving as a special limited partner at Lux Capital.
1 min read · 11 July 2016
New Jersey firm celebrates 30th anniversary closing on a $275 million eighth fund
2 min read · 07 July 2016
San Francisco-based EarnUp, a provider of an automated loan-payment platform, has launched and announced it has raised $3 million in seed-stage funding from Blumberg Capital, Kapor Capital and Camp One Ventures. The company has been bootstrapped to date and the seed funding is the company’s first institutional round. David Blumberg, founder and managing partner of Blumberg Capital, has joined the board as part of the seed financing. EarnUp is still in private beta and expects the app to be available later in the year.
1 min read · 07 July 2016
Palo Alto, California-based Light, maker of a high-tech, multi-aperture computational camera called the L16, announced it has raised $30 million in Series C funding led by GV. The company has now raised about $65 million in funding since it was launched in 2013, according to data from Thomson Reuters. GV, formerly called Google Ventures, was joined by returning investors Bessemer Venture Partners, CRV, Eclipse Ventures, StepStone Group, strategic investor Foxconn and Paul Jacobs, executive chairman of Qualcomm.
1 min read · 06 July 2016
Princeton, New Jersey-based Edison Partners announced it has raised $275 million for Edison Partners VIII, beating its $250 million target. The firm previously raised $250 million for Fund VII, which closed in 2010, according to Thomson Reuters data. Edison Partners focuses on fintech, healthcare IT, enterprise and marketing software sectors. The firm says it has achieved nine exits of its portfolio companies in the last 18 months, including the acquisitions of FolioDynamix and NetProspex, among others.
3 min read · 06 July 2016
San Francisco-based Twistlock, a provider of cybersecurity for virtual containers, has raised a $10 million Series A round of funding. TenEleven Ventures led the round, which included existing backers YL Ventures, an undisclosed strategic venture investor and new investor Rally Ventures. As part of the funding, Alex Doll, founder of TenEleven Ventures, has joined the company board.
1 min read · 06 July 2016
Call Andy McLoughlin a "Brexpert." The British-born partner at SoftTech VC has been in high demand since the U.K. voted to exit the European Union.
2 min read · 05 July 2016
Only three of the 19 VC-backed IPOs in the first half of the year were tech companies, led by the recent debut of Twilio
4 min read · 01 July 2016
Healthcare and tech investor Canaan Partners announced the appointment of Richard Boyle as partner. He was previously chief executive and chairman of the online commercial real estate marketplace LoopNet, which CoStar Group acquired for about $900 million in 2012. Boyle was formerly an operating partner at Khosla Ventures and was an angel investor before that.
1 min read · 01 July 2016
