Mark Boslet
Bessemer Venture Partners said it promoted Michael Segal to vice president from senior associate.
Norwest’s Jeff Crowe talks about how the firm went large for its latest fund and plans for San Francisco.
Security investing continues to run at high throttle, affiliated publication VCJ reports. Overall venture dollars committed to security startups dipped slightly last year, but still broke the $1 billion mark, according to data from Thomson Reuters.
Crosslink Capital has set out to raise two new venture funds, according to filings with the Securities and Exchange Commission. The filings, released Friday, show the firm plans to raise Crosslink Ventures VII and Crosslink Bayview VII. No fundraising targets were listed and no first sales were announced.
Versant Ventures has filed with the Securities and Exchange Commission to raise a $250 million fifth fund. The fund's first close has yet to occur. Versant Venture Capital V will be run by managing directors Robin Praeger, Bradley Bolzon, Samuel Colella, Ross Jaffe, William Link, Kirk Nielsen and Charles Warden, according to the filing dated Oct. 18.
A pair of seed investors - SoftTech VC and 500 Startups - have set out to raise new funds. In a filing with the Securities and Exchange Commission, SoftTech VC said it would raise $85 million for a fourth fund. Dave McClure's 500 Startups filed with the SEC to raise a $100 million third fund.
The Indiana Public Retirement System has made solid, and diverse, fund choices in the past half-decade or so. This is plainly evident in the recent performance of its venture portfolio.
Venture fundraising remained anemic in the third quarter with 56 funds raising $4.1 billion, according to a study released Monday. The dollar total was down 21% from the third quarter of last year and dollars committed during the first three quarters of the year are down 29%.
Cloud companies are seeing average revenue multiples of 8.4x this year’s sales.
500 Startups said it closed a $44.1 million second fund that will focus on backing seed and accelerator companies. The new fund is a 50% boost from the firm’s $29.4 million first fund, but came in short of its initial $50 million target. Founding Partner Dave McClure said he always considered the target aggressive and stressed the increase from his first fund. The firm will invest about 75% of its money domestically and 25% abroad.