A number of firms, many of them emerging managers, have filed regulatory documents indicating their intent to raise new funds or they have reported initial closes
2 min read · 20 April 2016
Raleigh, N.C.-based PrecisionHawk, which provides aerial data and safety platforms for drones, has raised $18 million in a Series C round of fund from new investors Verizon Ventures, a USAA subsidiary, NTT Docomo Ventures and Yamaha Motor. Existing investors Intel Capital, Millennium Technology Value Partners and Indiana University’s Innovate Indiana Fund also participated in the round. PrecisionHawk told PE Hub that another "Fortune 500" investor in the Series C round will be announced soon. The company, which was founded in 2010 and is seeing a growth of commercial uses of drones nationwide, has now raised $30 million in total funding.
4 min read · 20 April 2016
CrunchFund, the early-stage venture firm founded by TechCrunch's Michael Arrington in 2011, has filed to raise $30 million for its third fund, according to a regulatory filing.
1 min read · 20 April 2016
6 min read · 19 April 2016
New York-based Apester, which provides a storytelling platform for publishers, announced it has closed on $12 million, the second tranche of its Series A round of funding. The funding was led by Blumberg Capital and includes Mangrove Capital, former AOL CMO Tal Simantov, Wix co-founder Gigi Kaplan, Silverstein Properties President Tal Kerret and Wellborn Ventures. The company, founded in 2014, has now raised $17 million to date, following a first tranche to the Series A of $5 million nine months ago.
4 min read · 19 April 2016
Seattle-based Biomatics Capital Partners has filed to raise $150 million, according to a regulatory filing. The firm, which earlier this year invested in New York-based AiCure, was established by Boris Nikolic, who previously was a science adviser for Bill Gates, and Julie Sunderland, former director of program-related investments for the Bill & Melinda Gates Foundation.
1 min read · 19 April 2016
San Francisco-based Wootric, which provides Net Promoter Score (NPS) tool to help businesses analyze customer sentiment, announced it has raised an oversubscribed $2.6 million Series A round of funding led by Cloud Apps Capital Partners. CSC Upshot also participated in the round. As a result of the funding, Matt Holleran and Judy Loehr of Cloud Apps Capital Partners have joined the company’s board.
5 min read · 19 April 2016
San Francisco-based Zetta Venture Partners is seeking to raise $100 million for its second fund, according to a regulatory document. Zetta, founded in 2013 by Managing Directors Mark Gorenberg, a 25-year veteran venture capitalist, and Ash Fontana, who formerly launched online fundraising at AngelList, raised $60 million for its inaugural fund. The firm focuses on early-stage analytic software companies.
1 min read · 18 April 2016
Former Berkeley student Jeremy Fiance raised the inaugural fund from a number of LPs who are graduates of the university
2 min read · 18 April 2016
The Capital Partnership, a private investment office and asset manager with offices in Dubai and London, announced that it has agreed to acquire Northgate Capital from Religare and certain members of Northgate’s management team for an undisclosed price. Religare, an India-based diversified financial services group, acquired a majority stake in Northgate in 2010. Founded in 2000, Northgate is based in Danville, California, and has additional offices in the United Kingdom and Mexico. It invests in venture capital and private equity funds and also makes direct VC investments.
1 min read · 18 April 2016
