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On the Bleeding Edge: Sequoia stands strong; 500 Startups is key VC firm to watchWrap-up of recent VC-related events and activities, from what the Midas List to upcoming Q1 data
Worldwide fundraising briefsFrom Mucker in LA to Atomico in the UK, a recap of worldwide fundraising news
VC-backed Storefront shuts downStorefront, a marketplace that helps merchants find and rent retail space, shut down Thursday, the company announced on its website. Spark Capital led a $7.3 million Series A funding round for Storefront in April 2014. Investors include Mohr Davidow Ventures, Great Oaks Venture Capital, 500 Startups and former Citigroup Chief Executive Vikram Pandit, among others.
- Omidyar Network leads $1.6 mln seed round for Tinkergarten
Omidyar Network, a philanthropic investment firm started by eBay founder Pierre Omidyar, led a $1.6 million seed financing round for Tinkergarten, a provider of outdoor early childhood education. Other investors in the round include Blue {Seed} Collective, City Light Capital, 500 Startups and Outbound Ventures.
- Ping An Ventures leads $10 mln Series A for Prenetics
Ping An Ventures, the venture capital arm of Ping An Insurance Group, led a $10 million Series A investment round in Prenetics. Based in Hong Kong, Prenetics offers a test to help physicians prescribe medications and dosages based on a patient's unique genetic profile. Other investors in the round include Venturra Capital, a fund backed by Indonesia's Lippo Group, Capital Union Investments and existing investors 500 Startups and COENT Venture Partners.
- PowerCore raises $2 mln in seed funding
PowerCore Inc, which offers a platform for for independent mobile game companies, raised $2 million in seed funding. East Ventures, 500 Startups, Golden Gate Ventures, and Cherubic Ventures participated in the funding round. PowerCore has offices in Palo Alto, California and Tokyo, Japan.
500 Startups launches $10 mln Vietnam-focused fund500 Startups, which has launched several new micro-funds in recent weeks, has announced a $10 million Vietnam-focused fund. The fund, which will aim to make between 100 to 150 investments, will be led by Binh Tran (co-founder and former CTO of Klout) and Eddie Thai (a Vietnam-based entrepreneur). The two joined 500 last year.
Throwback Thursday: Moving to self-storage startupsThe number of companies focused on storage-on-demand is small, but VCs say the potential is huge
We need new terminology to describe CVCsThe long-running corporate investors are stepping up their game as new players enter the market. It’s clear that CVCs are occupying a more prominent place in the investment landscape.
- Union Square Ventures leads $20 mln Series B for RealtyShares
Union Square Ventures led a $20 million Series B funding round for RealtyShares, an online marketplace for real estate investing. Existing backers Menlo Ventures and General Catalyst Partners also participated in the round.