Alastair Goldfisher

NEA promotes Jacobson to partner, adds Patel as venture partner

New Enterprise Associates announced the promotion of Aaron Jacobson to partner. And the firm added Dr. Kavita Patel as a venture partner on its healthcare team. Jacobson is an early-stage tech investor based in the San Francisco Bay Area. He joined the firm in 2011.

Index Ventures leads $21 mln funding in Built

Nashville, Tennessee-based Built, which provides a cloud-based platform to manage the construction lending process, announced it has raised a $21 million Series A round led by Index Ventures. New York-based Nyca Partners also invested in the round. The company has now raised $25 million since it was founded in 2014.

Flying Fish raises $2.5 mln for its coffers

Seattle-based Flying Fish Venture Partners has raised $2.5 million for its inaugural fund, Flying Fish Fund I, according to a regulatory filing. The target fund size is not known, but the firm raised the commitments from 13 investors, according to the reg filing. The firm, founded by a team of Seattle angel investors, invests in Pacific Northwest startups in cloud computing, artificial intelligence, speech and natural language, machine learning and Internet of Things, according to its website. The listed partners are Geoff Harris, Heather Redman and Frank Chang.

Sure Ventures seeks to raise undisclosed fund size

Sure Ventures, a San Francisco-based firm focused on early-stage insurtech deals, filed a regulatory document seeking to raise its inaugural fund. A target amount was not listed. The firm is led by Gopinath Rangan, a co-founder of INSEAD Angels and an adviser with Village Capital and Plug and Play Tech Center, according to his LinkedIn.

LightStep emerges from stealth with $29 mln in funding

San Francisco-based LightStep, provider of application performance management for enterprise software, has emerged from stealth and announced it has raised altogether $29 million in funding. Backers include Redpoint Ventures, Sequoia Capital, Cowboy Ventures and Harrison Metal. The company was founded in 2015.

Nathan Benaich joins Berlin's Point Nine Capital

Berlin-based venture firm Point Nine Capital announced it has added Nathan Benaich, an AI specialist, as a venture partner. Benaich most recently was a partner at Playfair Capital, where he led investments in such companies as Mapillary, Ravelin, Numerai and Thought Machine. He becomes the third venture partner at Point Nine, joining Janis Zech and Kolja Hebenstreit.

Lemnos co-founder Jeremy Conrad steps down

Jeremy Conrad, co-founder of San Francisco-based Lemnos, announced he is stepping down from the hardware-focused firm and incubator, to head a stealth robotics startup. In announcing the transition, Conrad said he will stay on as a venture partner. Lemnos raised $50 million for its third fund earlier this year. The two other co-founders of Lemnos are Helen Boniske and Eric Klein.

Draper Associates adds Siri Srinivas as analyst

Draper Associates has added Siri Srinivas to its team as an investment analyst. Srinivas was most recently a venture analyst at FundersClub and before that was a reporter covering money and business at The Guardian in New York.

On the Bleeding Edge: LP disclosure concerns take root

On the Bleeding Edge: LP disclosure concerns take root