Canvas Prime

London-based Eporta, a B2B interior marketplace startup, has raised $8 million in Series A funding. Canvas Ventures led the round with participation from other investors that included LocalGlobe, Oxford Capital Partners, Talis Capital and Samos Ventures.

New Enterprise Associates has named Ben Narasin as a venture partner. Previously, Narasin was a general partner at Canvas Ventures.

Sunnyvale, California-based Platform9, a provider of hybrid cloud management, announced it has raised $22 million in Series C funding. Canvas Ventures led the round, which included Hewlett Packard Enterprise and existing investors Redpoint Ventures and Menlo Ventures. As part of the round, Canvas Partner Gary Little has joined the board. Platform9 has now raised $36.5 million in total funding since it was founded in 2013 by a team of former VMware engineers.

Casetext, a provider of artificial intelligence-based legal research technology for lawyers, has raised $12 million in Series B funding. Canvas Ventures led the round with participation from backers that included Union Square Ventures, 8VC and Red Sea Ventures.

Canvas Ventures, whose partners backed Houzz, Lending Club and Mulesoft, has wrapped up its second fund, reaching its hard cap of $300 million. The fund, which closed during the summer, is more than 70 percent larger than the firm's previous early-stage fund in 2013, when the Portola Valley, California, firm raised $175 million in commitments.

San Francisco-based CrowdFlower, a platform for data science teams, has raised $10 million in funding. Canvas Ventures, Trinity Ventures and Microsoft led the round.

Canvas Ventures has set out to raised a second venture fund with a target of $250 million, according to a filing with the SEC.

Transfix said Tuesday it raised $12 million in Series A funding led by Canvas Ventures. Existing investors including Lerer Hippeau Ventures, Founder Collective and Bowery Capital also participated. New York-based Transfix is an on-demand shipping marketplace for manufacturers and distributors.

Despite moderating deployment pace after a flurry of commitments during the peak covid years, $35bn pension still has interest piqued by venture in a constrained market.

London's Inflexion leaned on existing LPs to more than double the size of its latest Enterprise vehicle. Plus: CVC joins the secondaries evergreen party; and meet the family office putting everything into impact. Here's today's brief, for our valued subscribers only.

Four weeks after the soft launch of Tenacity, Narasin noted on LinkedIn that he already had enough commitments to do a first close.

LPs announced $225m of new venture commitments including multiple organizations that haven't invested in the asset class in years.

Are investors and entrepreneurs hungry enough to survive the bumpy road ahead?

Amplify Partners announced it promoted Lenny Pruss to general partner and Sarah Catanzaro to partner.

LAFPP continues to dive further into venture, investing $27.5m across two vehicles for Acrew and Canvas.

From personnel changes and unicorns to IPOs and off-the-charts fundraising, here's my list of the top 10 stories from 2019.