Private Equity
San Francisco-based Fundbox, a provider of small business credit and payment solutions, has named Rose Zhong as vice president of finance, Sebastian Rymarz as chief business officer and Prashant Fuloria as chief operations officer. Zhong is a former finance executive at Uber. Rymarz initially joined Fundbox to help set corporate strategy and build out the finance, risk and analytics teams while Fuloria first came on board as the firm's chief product officer. Fundbox's backers include Spark Capital Growth, Bezos Expeditions, General Catalyst Partners, Khosla Ventures, SV Angel and former CitiGroup CEO Vikram Pandit.
3 min read · 16 November 2017
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.
1 min read · 16 November 2017
Oakland, California and India-based Globetouch, a provider of global connectivity services for the connected car and the internet of things, has named Pat Phelan and John Hartnett as advisers. Phelan is the former founder of CubicTelecom and current senior vice president of identity services at TransUnion LLC while Harnett is a founder of SVG Partners and Thrive AgTech. Globetouch's backers include Hermes Growth Partners, Impact Venture Capital, Spark Telecom Ventures and Verizon Ventures.
3 min read · 14 November 2017
What does a venture capital school have to teach Janet Bannister, general partner at Real Ventures, a former eBay executive, and founder of popular internet brand Kijiji? Plenty, Bannister tells PE Hub Canada. Last week, Bannister joined other investment pros in Vancouver at GP Academy, a program BDC Capital developed in consultation with Silicon Valley VC educator Kauffman Fellows. Launched in May, it provides a boot-camp-style learning environment that aims to buff up investors’ skills.
3 min read · 14 November 2017
BIP Capital has hired Sarath Degala as a vice president and portfolio company lead. Currently, Degala serves on the boards of directors at PriorAuthNow, CipherHealth and REACH Health.
2 min read · 14 November 2017
Canadian early-stage venture capital firm Real Ventures has promoted Sam Haffar and Isaac Souweine to the role of partner. Haffar, an entrepreneur who joined the firm in 2014, was previously a principal. Souweine came to Real Ventures last year from Frank & Oak as an entrepreneur-in-residence. General Partner John Stokes described both as "passionate and effective mentors and investment professionals." Montréal-based Real Ventures also added to its team, hiring Roula Zaarour, formerly a CBC/Radio-Canada executive, as COO, and Lauren Jane Heller, formerly a BetaKit writer, as director of communications.
4 min read · 13 November 2017
Jerusalem Venture Partners, an Israeli venture firm, has promoted Yoav Tzruya and Fiona Darmon to general partners and members of the executive committee. Previously, Tzruya was a partner and head of the JVP Labs in Beer Sheva, Israel while Darmon was a partner and chief operating officer at JVP.
4 min read · 13 November 2017
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.
1 min read · 12 November 2017
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.
1 min read · 12 November 2017
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.
1 min read · 12 November 2017
