Precursor Ventures

PayPal Holdings Inc is investing $50 million in eight eight early-stage, Black and Latinx-led venture capital funds: Chingona Ventures, Fearless Fund, Harlem Capital, Precursor Ventures, Slauson & Co., VamosVentures, Zeal Capital Partners and one additional unidentified fund.

San Francisco-based Incredible Health, a healthcare hiring platform, has secured $15 million in Series A funding. Andreessen Horowitz led the round with participation from other investors that included NFX, Obvious Ventures and Precursor Ventures.

Pico, a provider of audience relationship management solutions, has secured $4.5 million in seed financing, according to an announcement https://trypico.com/newsroom/pico-raises-seed-round/ on its site. Precursor Ventures and Stripe led the round. In addition to the funding, Charles Hudson, a managing partner at Precursor Ventures, has been added to Pico's board of directors.

Precursor Ventures has raised $31 million for its second fund, according to an SEC filing https://www.sec.gov/Archives/edgar/data/1719453/000171945319000001/xslFormDX01/primary_doc.xml The San Francisco-based venture firm is an early-stage venture firm focused on pre-seed investments in the San Francisco, New York, Toronto and Los Angeles metropolitan regions.

ChefHero, a Toronto-based digital marketplace for restaurant supplies, has raised $12.6 million in a Series A financing. The round was led by U.S. venture capital firm Accomplice.co. It was joined by Golden Venture Partners, Precursor Ventures and Math Ventures. Founded three years ago by CEO Saif Altimimi and CTO Diego Domínguez Ferrera, ChefHero provides an online mobile and web application that allows restaurant owners and their staff to order wholesale food and supplies through a single network. The company will use the proceeds of the Series A to accelerate growth in select cities across North America.

Precursor Ventures is seeking to raise $25 million for its second fund, according to an SEC filing https://www.sec.gov/Archives/edgar/data/1719453/000171945317000001/xslFormDX01/primary_doc.xml The San Francisco-based venture firm focuses on B2B and B2C software applications and hardware.

Precursor Ventures has raised more than $15 million for its debut fund, according to an SEC filing https://www.sec.gov/Archives/edgar/data/1653891/000165389116000002/xslFormDX01/primary_doc.xml The target is $25 million. Prior to founding Precursor Ventures in 2015, Managing Partner Charles Hudson was a partner with SoftTech VC, where he remains listed as a venture partner.

Atipica said Oct. 20 that it raised $2 million in a seed round led by True Ventures. Kapor Capital and Charles Hudson's new firm, Precursor Ventures, participated in the round along with a number of angel investors, including industry veteran and former Yahoo! CHRO David Windley, early Twitter engineer Matt Sanford, and former Reddit CEO Ellen Pao. Atipica is a talent discovery engine startup.

The fund raised $13.5m to make early-stage investments in founders closing access gaps across healthcare and financial services.

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