The NYC Venture Capital News Digest 11118

center_img Amplifyher Ventures Launch of Fund I Work-Bench $45.3M – Fund II Close Klingenstein Fields Ventures, an newly launched early-stage venture firm that’s an affiliate of asset management firm Klingenstein Fields, has held its first close for Fund I at $17.3M. The filing lists James W. Fields and Kenneth D. Pollinger as executives and the total offering is for $50M with 34 LPs participating in this first tranche. The filing was initially filed in October of 2017. The firm has previously made some investments in companies like HYPR and tracx. According to a recent SEC filing, early-stage venture fund IA Ventures has filed a $160M offering for its fourth fund. There has not yet been a closing for this fund. Fund III was also a $160M fund, which closed in 2015. IA Ventures was founded in 2009 by Brad Gillespie and Roger Ehrenberg and has made over 100+ investments. Portfolio companies include MemSQL, TransferWise, Hometeam, Datadog x,ai, and Kinsa. Successful exits include Flatiron Health, The Trade Desk, BillGuard, Next Big Sound, and DataPop. 220SHARESFacebookTwitterLinkedin Klingenstein Fields Ventures $17.3M – Fund I First Close Laconia Capital Group has held its second close for Fund II. Incremental cash for this tranche is $8.66M bringing the total for Fund II to $10.26M. The total offering is for $15M. Thus far, there have been 39 LPs backing the fund with a minimum investment of $25K. Laconia was founded by David Arcara and Jeffrey Silverman. Names in the portfolio include Thrive Capital has closed an additional $1B in capital for its Fund IV, which is broken up into two funds. $400M for early stage investment and $600M for growth investments. Thrive Capital was founded by Joshua Kushner in 2009. The filings indicate that both funds have 86 LPs and we’ll assume LPs were required to invest in both. Thrive has made over 130 investments in companies like Stripe, Zola, Instagram, Reddit, GitHub, Twitch, Jet, Oscar, ClassPass, and Instacart. last_img read more