BETA: Capitalization Report AI v20.03.12


Keywords: artificial intelligence, AI, Unity Technologies, Artomatix, Deep North, SymphonyAI Group, TeraRecon, Dexai Robotics, Hailo, DocuSign, Seal Software, LinkSquares, K Health, Supersie.ai, 

Unity Technologies, a San Francisco, CA-based creator of a real-time 3D development platform, acquired Artomatix, an Ireland-based software company that uses AI and neural networks to streamline 3D artistic workflows in top studios worldwide

SymphonyAI Group, an operating group of business-to-business AI companies, acquired TeraRecon, a Durham, NC-based advanced visualization and AI solution provider for medical imaging

DocuSign (NASDAQ: DOCU) acquired Seal Software, a Walnut Creek, CA – based contract analytics and AI technology provider, for $188 million in cash

Deep North, a Foster City, Calif.-based computer vision and AI-powered video analytics company, closed its $25.7m Series A funding round

Superwise.ai, a Tel Aviv, Israel-based provider of an AI Assurance platform, secured $4.5m in seed funding

Dexai Robotics, a Boston, MA-based AI robotics company focused on commercial kitchen automation, raised $5.5M in seed funding

Hailo, a Tel Aviv, Israel-based AI chipmaker delivering performance to edge devices, raised $60m in Series B funding

FastForward.ai​, a Mountain View, Calif.-based social media SaaS platform for digital marketing, commerce and payments, raised $8M in seed funding

DeepSig, an Arlington, VA-based company developing AI to transform wireless for 5G, IoT, and security, raised $5M in Series A financing

K Health, a NYC- and Tel Aviv, Israel-based AI powered telemedicine company, closed a $48m series C funding

Pony.ai, a Fremont, California-based autonomous driving company, raised $462m in funding

LinkSquares, a Boston, MA-based provider a comprehensive AI-powered SaaS contract management and analysis tool, raised $14.5m in Series A financing

Investor Network by JD

 

BETA The Capitalization Report v20.03.10 Fund


Keyword for fund version of the report: Elevate Capital, LSP, Imperial College London, Kleiner Perkins, Vertica Capital Partners, Bregal Sagemount, Innovestor, Anthemis, BV Investment Partners,

 

Silicon Valley based venture capital firm Kleiner Perkins has launched its nineteenth fund, KP19, with $700M

Elevate Capital, a Portland, Ore.-based venture capital fund that supports inclusion and diversity by targeting entrepreneur investments in women and minorities that includes founders of color, LGBTQ, immigrants, and veterans, is raising a second fund

LSP, a life sciences investor in Europe, has held its final close of LSP 6 at the $600m hard cap

Imperial College London has launched its first Innovation fund to invest in early-stage, high-growth, knowledge-intensive companies spun out of the world top ten university

Vertica Capital Partners, a NYC-based private equity firm, closed its $205m maiden fund

RTP Global, a global venture capital firm focused on early-stage technology investments, is launching a $650M fund to back tech startups

Bregal Sagemount, a NYC-based growth-focused private equity firm, closed its Bregal Sagemount Fund III, at $1.5 billion

Innovestor, a Helsinki, Finland-based venture capital firm, held the first close of its new B2B Industrial Technology Fund, at €30M

Anthemis, a London, UK and NYC-based venture platform dedicated to investing in the change in financial services, held the first close of its $90m latest discretionary fund

BV Investment Partners, a Boston, MA-based middle-market private equity firm, closed BV Investment Partners Fund X, at $1.1 billion

The Capitalization Report has identified 35 plus new funds.  Contact us at NewFunds@RedHookCapital.co anytime for more information.

PRESS RELEASE FROM KLEINER PERKINS:

Announcing KP19 Thursday, March 5, 2020

We’re excited to announce Kleiner Perkins’ nineteenth venture fund, KP19, with $700M to focus on early stage investments in Enterprise, Consumer, Hardtech, Fintech, and Healthcare companies.

The last few years in venture capital have been incredibly exciting with more amazing entrepreneurs and growing businesses than ever before. The momentum in our industry is palpable, and the opportunity is bigger than ever. Success requires a jedi-like focus and a small, nimble team of dedicated practitioners.

 

 

 

 

The Capitalization Report (AI) v20.03.02


KEYWORD FOR AI REPORT: DocuSign, Seal Software, Toba Capital, Pony.ai, Qure.ai, LinkSquares, L1ight, Revl, Teikametrics,

  • DocuSign will acquire Seal Software, a developer of AI-driven contract analytics services, for $188 million. Seal Software had raised approximately $58 million in funding from investors including Toba Capital.
  • K Health, an NYC- and Tel Aviv, Israel-based AI-powered telemedicine company, closed a $48m series C funding.
  • Pony.ai, a Fremont, Calif.-based autonomous driving startup, raised $462 million at a $3 billion valuation. Toyota led the round.
  • Qure.ai, a San Francisco-based healthcare AI startup, raised $16 million in funding. Sequoia India led the round, and was joined by investors including MassMutual Ventures Southeast Asia.
  • LinkSquares, a Boston-based provider of an AI-powered SaaS contract management and analysis tool, raised $14.5 million in Series A funding. Jump Capital led the round, and was joined by investors including First Ascent Ventures and existing investors MassMutual Ventures and Hyperplane Venture Capital.
  • Tractable, a London, UK-based technology company developing AI for accident and disaster recovery, raised $25m in Series C funding.
  •  L1ght, an Israel-based anti-toxicity startup using AI to detect and filter harmful online content to protect children, raised $15 million in seed funding. Mangrove Capital Partners and Tribeca Venture Partners co-led the round, and were joined by investors including Western Technology Investment.
  • Revl, a San Francisco-based camera and AI-powered video editing company, raised $5.5 million in Series A funding. Nimble Ventures led the round, and was joined by investors including  Tuesday Capital, Silicon Valley Data Capital and Luma Pictures. 
  • Teikametrics, a Boston-based SaaS provider of AI-powered optimization for brands and sellers on Amazon and Walmart, raised $15 million in funding. Jump Capital led the round, and was joined by investors including Granite Point Capital, Jerry Hausman, and Ed Baker.
  • Arize AI, a Berkeley, Calif.-based company built to solve production AI issues for businesses, raised $4 million in funding. Foundation Capital led the round, and was joined by investors including Trinity Ventures and Brett Wilson. 
  • Aiseraa Palo Alto, Calif.-based AI-driven platform to automate workflow, raised $20M in Series B funding. Norwest Venture Partners led the round, and was joined by investors including Menlo Ventures, True Ventures, Khosla Ventures, First Round Capital, Ram Shriram, and Maynard Webb Investments.

Investor Network by JD

BETA: The Capitalization Report v20.02.13


RHC MIT Alumni SPV

Sponsored Ad by RHC7 with goal of MIT alumni co-investing through SPVs.

EDITORS NOTE: Today we focus on recent SaaS deals.  Here are the keywords for us today: SaaS, SaaSWorks, Rimilia, Talage, Powell Software, EquityBee, Spectrum Equity, Morgan Stanley Capital Partners, Kleiner Perkins, KKR Global Impact Fund SCSp

SAAS DEAL FLOW

  • SaaSWorks, a Boston, MA-based company that delivers operational solutions for scaling SaaS businesses, raised $5m in funding.  The round was led by Conversion Venture Capital with participation from unnamed SaaS CEOs, CFOs and executives.
  • Talage, a Reno, Nevada-based SaaS-based digital insurance platform, raised $5 million in Series A funding. Merus Capital led the round and was joined by investors including Calibrate Ventures, WTI and Hallador Investment Advisors. 
  • Rimilia, a U.K.-based SaaS-based fintech company, raised $15 million in funding. Investors include Eight – Roads Ventures, Kennet Partners, and Silicon Valley Bank.
  • Attentive, a personalized mobile messaging SaaS platform for brands, raised $70 million in Series C funding. Sequoia and IVP co-led the round and were joined by investors including Eniac Ventures and NextView Ventures.
  • SimScale, a Germany-based provider of a SaaS application for engineering simulation, today raised €27 million ($29.8 million) in Series C funding. Insight Partners led the round and was joined by investors including Earlybird, Union Square Ventures, June Fund, Vito Ventures, Bayern Kapital, and High-Tech Gründerfonds. 
  • Powell Software, a digital workplace, and intranet SaaS software provider raised $16 million in funding. Level Equity and Cap Horn co-led the round
  • Partnerize, a U.K.-based SaaS partner automation platform, raised $50 million in funding. Accel-KKR led the round.

FUNDS WE KNOW (KNEW)

  • Apax Partners agreed to acquire Cadence Education, a Scottsdale, Ariz.-based provider of early childhood education in North America, from Morgan Stanley Capital PartnersFinancial terms weren’t disclosed. 
  • Nova Credit, a cross-border consumer credit reporting startup, raised $50 million in funding. Kleiner Perkins led the round and was joined by investors including Canapi Ventures and existing investors Index Ventures, General Catalyst, Nyca Partners, Sound Ventures, Alex Rodriguez and U2 guitarist the Edge.
  • Headspace, a global leader in mindfulness and meditation, today announced it raised a total of $93 million in its Series C funding round. The round was led by blisce/, with participation from Waverley Capital and Times Bridge – the global investments and partnerships arm of The Times Group of India – and existing investors The Chernin Group, Spectrum Equity, and Advancit Capital. The new funding includes $53 million of equity from participating investors and $40 million of debt capital from Pacific Western Bank.
  • EquityBee, a Los Angeles-based startup that helps employees with stock options funding, raised $6.6 million in funding. Group11 led the round and was joined by investors including Battery Ventures and LocalGlobe.
  • Snowflake, a San Mateo, Calif.-based cloud-based data warehouse company, raised $479 million at a $12.4 billion valuation. Dragoneer Investment Group led the round and was joined by investors including Salesforce Ventures, Altimeter Capital, ICONIQ Capital, Madrona Venture Group, Redpoint Ventures, Sequoia Capital, and Sutter Hill Ventures.
  • Cherre, a New York-based real estate data, and analytics platform, raised $16 million in funding.  Intel Capital led the round and was joined by investors including Navitas Capital, Carthona Capital, Zigg Capital, Dreamit Ventures, and Silicon Valley Bank.
  • Worlds, a Dallas-based spatial AI company spun out of Hypergiant Sensory Sciences, raised $10 million in Series A funding.  Align Capital led the round and was joined by investors including Chevron Technology Ventures, PIVA, and Hypergiant Industries.

OTHER NEWS OF INTEREST

  • KKR, a New York-based global investment firm, raised $1.3 billion for its KKR Global Impact Fund SCSp.
  • Global bank Citi launched a $150m impact fund designed to make equity investments in private sector companies that have a positive impact on society
  • Praetorian, an Austin-based cybersecurity company, raised $10 million in Series A funding. Investors include Bill Wood Ventures and McKinsey & Company.

PRESS RELEASE PICKED BY EDITOR

KKR Closes $1.3 Billion Global Impact Fund, Fund to Invest in Solutions-Oriented Businesses, February 12, 2020 07:00 AM Eastern Standard Time

NEW YORK–(BUSINESS WIRE)–KKR, a leading global investment firm, today announced the final closing of KKR Global Impact Fund SCSp (“KKR Global Impact” or the “Fund”), a $1.3 billion fund dedicated to investment opportunities in companies whose core business models provide commercial solutions to an environmental or social challenge.

Read More: https://www.businesswire.com/news/home/20200212005060/en/

BETA: The Capitalization Report v20.02.09


Keywords: 8VC, U.S. Venture Partners, USVP, Ecosystem Investment Partners, Fortissimo Capital Fund, Industry Ventures, Turn/River Capital, 

TCR NEW FUNDS PICK

Our friends and families are investing in moonshot venture capital type deals as well as private equity in the form of leveraged buyouts and management buyouts.  A group of MIT alumni are raising a Fund of Funds.  Here are the top picks for recently capitalized funds:

  1. 8VC, a San Francisco, CA-based venture capital firm, is to raise $640m for its third flagship fund
  2. Ecosystem Investment Partners, a Baltimore, MD-based private equity firm, closed Ecosystem Investment Partners IV, L.P., at $454.5m
  3. Fortissimo Capital Fund, a Tel Aviv, Israel-based private equity firm focused on special situations and growth opportunities, closed its fifth fund, at $650m
  4. Industry Ventures, LLC, a San Francisco, CA-based investment firm providing venture capital solutions, closed its debut hybrid fund of funds for technology buyouts, Industry Ventures Tech Buyout, L.P., at $125m
  5. Sortis Holdings Inc., a Portland, Oregon-based alternative investment fund manager, has launched Sortis Growth Venture Fund
  6. Turn/River Capital, a San Francisco, Calif. — based technology growth equity and buyout firm, closed its fourth fund, Turn/River Capital IV, at $420m
  7. U.S. Venture Partners (USVP), a Menlo Park, Calif.-based early-stage venture capital firm, closed USVP XII, at $340M

Contact JD@InvestorNetworkbyJD.com (my assistant will respond) about learning about fund of funds, funds, and other alternative investments.

A disclosure that JDM is raising a hybrid fund of funds.

TCR PICK FOR PRESS RELEASE

Industry Ventures Closes $125M for Debut Tech Buyout Fund – Hybrid Fund Focused on Direct Investments and Primary Commitments to Buyout Funds within the Technology Space –February 03, 2020 07:00 AM Eastern Standard Time

SAN FRANCISCO–(BUSINESS WIRE)–Industry Ventures, LLC (“Industry Ventures”), a leading investment firm pioneering venture capital solutions, announced today the final closing of its debut hybrid fund of funds for technology buyouts, Industry Ventures Tech Buyout, L.P. (“the Fund”), with total commitments of $125 million.

Read the full press release:  https://www.businesswire.com/news/home/20200203005139/en/Industry-Ventures-Closes-125M-Debut-Tech-Buyout

A disclosure that JDM is raising a hybrid fund of funds.

Investor Network by JD

 

BETA The Capitalization Report v20.01.31


Janngo Unicorn

“Capitalization should always result in a return for investors with the goal of improving humanity” – J20.01.31.16P

FUND NEWS

  1. KKR, a global investment firm, closed a $2.2 billion fund dedicated to growth equity investment opportunities in the technology space in North America, Europe and Israel
  2. Ribbit Capital, a Palo Alto, CA-based fintech-focused venture capital firm, is raising $420m for its sixth fund;
  3. Circulate Capital, a Singapore-based investment management firm dedicated to incubating and financing companies and infrastructure that prevent ocean plastic in South and Southeast Asia (SSEA), held the first close of the US$106m Circulate Capital Ocean Fund;
  4. Prime Movers Lab, a Jackson, Wyo.-based partnership that invests in breakthrough scientific startups, raised approximately $100m for its first early-stage fund;
  5. Bloc Ventures Limited, a London, UK-based venture capital firm focused on European early-stage deep technology investment, raised over £20m in equity funding
  6. Ardian, a private investment firm, raised €3bn from investors for its fourth-generation private debt platform to provide financing to mid-market companies across Europe
  7.  Janngo,  based in Abidjan, Cote D’lvoire has launched a €60m venture capital fund dedicated to financing tech-enabled startup accelerating progress towards the Sustainable Development Goals (SDGs) in Africa

FUND PRESS RELEASE

SILICON SLOPES, UtahJan. 30, 2020 /PRNewswire/ — Today at the Silicon Slopes Tech Summit, attended by more than 25,000 people in just its fourth year, The Silicon Slopes Venture Fund was launched as a way to better support Utah’s technology entrepreneurs. It will also provide a way to ensure additional long-term funding for Silicon Slopes, the non-profit organization that serves Utah’s booming tech community. The Silicon Slopes Venture Fund was created by Qualtrics co-founder and CEO Ryan Smith, Omniture co-founder and Domo founder and CEO Josh James and Pelion Venture Partners General Partner Jeff Kearl.

Read More: https://www.prnewswire.com/news-releases/utah-tech-community-launches-silicon-slopes-ventures-300996454.html

NOTE: For more information, our general email is JD@InvestorNetworkbyJD.com about fund and fund of fund new. This is an educational blog and is not providing investment advice.  Most people consult experts such as your lawyer, accountant, or other professionals for advice. The information provided forms 3rd party or company websites and may contain false information.  Check with the source as this posting is not updated or corrected.  Please consult us at jd@investornetworkbyjd.com for a more full list of our disclaimers and disclosures.

BETA: The Capitalization Report v20.01.24.0733P


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The Capitalization Report by JDM

JDM will be speaking, attending, or hanging at the bar (or spa) at the following cities:

  1. ACG Sky trip (Sunday to Tuesday)
  2. Capital Conference LA (Wed 30)
  3. Mastermind in Mexico (Thur until ?)
  4. NYC (Feb 3-4)

I will be in Atlanta, Austin, LA (Beverly Hills),  Dallas (Highland Park), Key West (most of Feb),  and other fun places most of February 2020!

20/20 Clear Vision in 2020,

JDM you Host for The Capitalization Report

DEALS JDM (RHC) LOVES

  1. Global payments technology company Mastercard (NYSE: MA) is to acquire RiskRecon, a Salt Lake City, Utah-based provider of artificial intelligence and data analytics solutions to support companies in protecting their cyber systems and infrastructure (RHC loves FinTech),
  2. Docket, an Indianapolis-based software-as-a-service (SaaS) platform for managing intelligent meetings, raised $1.5M in seed funding (RHC invest in the AI/SaaS).
  3. Denali Water Solutions, a Russellville, Ark.-based organic residuals management company, has agreed to be acquired by TPG Growth from The Firmament Group. Financial terms weren’t disclosed (RHC knows TPG).
  4. AvidXchange, a Charlotte, N.C.-based provider of accounts payable and payment automation solutions for the middle market, raised $260 million in funding. TPG Sixth Street Partners led the round. (RHC knows TPG and love FinTech).
  5. Snyk, a London-based security company, raised $150 million in funding at a valuation of more than $1 billion. Stripes led the round and they were joined by investors including Accel, Coatue, Tiger Global, BoldStart, GV, Canaan, Trend Forward, Amity and Salesforce Ventures. (RHC knows Tiger Global and Salesforce Ventures).
  6. Life House, a New York-based tech-enabled lifestyle hotel company, raised $30 million in Series B funding. Thayer Ventures led the round and was joined by investors including Tiger Global, JLL Spark, and Sound Ventures. (RHC know Tiger Global and invest in hotel companies).
  7. Intezer, a New York-based cybersecurity company, raised $15 million in Series B funding. OpenView led the round and was joined by investors including Intel Capital, Magma, Samsung NEXT, a USAA affiliate, and Alon Cohen. (TM know cybersecurity),

DEALS TCR LOVES

  1. Practis, a Charlotte, NC-based digital marketing and SaaS software solutions company catering to independent healthcare providers, received a private equity investment of undisclosed amount Genea, an Irvine, CA-based SaaS (software as a service) company, acquired Sequr, Inc., a cloud-based physical access control company (RHC loves SaaS),
  2. Punch List, a San Francisco-based mobile app that helps independent contractors and homeowners complete home remodel, raised $4 million in funding. Investors include Bling Capital, Bedrock Capital, Ludlow Ventures, Mayfield Capital, and Jack Dorsey, Steve Chen, and Eric Wu.  (JDM love the name and idea),
  3. Front, a San Francisco-based developer of a collaborative work email platform, raised $59 million in Series C funding. Atlassian co-CEO and co-founder Mike Cannon-BrookesAtlassian President Jay Simons; Okta COO and co-founder Frederic Kerrest; Qualtrics co-founders Ryan and Jared Smith; and Zoom CEO Eric Yuan co-led the round and were joined by investors including Sequoia Capital, Initialized Capital, and Anthos Capital. (JDM loves co-CEO / co-founder),
  4. Kneron, a San Diego-based on-device edge artificial intelligence, raised $40 million in funding. Horizons Ventures led the round. (JDM loves San Diego),
  5.  Memphis Meats, a San Francisco-based company that grows meat from animal cells, raised $161 million in Series B funding. SoftBank Group, Norwest and Temasek co-led the round and were joined by investors including Richard Branson, Bill Gates, Threshold Ventures, Cargill, Tyson Foods, Finistere, Future Ventures, Kimbal Musk, Fifty Years, CPT Capital, KBW Ventures and Vulcan Capital (JDM knows (1 to 3 degrees) Vulcan Capital, Softbank Group, Richard Branson, Bill Gates (all 1 to 3 degrees),
  6. Tink, a Sweden-based open banking platform, raised €90 million ($99.8 million) in funding. Dawn Capital, HMI Capital, and Insight Partners co-led the round and were joined by investors including Heartcore Capital, ABN AMRO Ventures and BNP Paribas’ venture arm, Opera Tech Ventures.
  7. Sayari Labsa Washington D.C.-based data intelligence company, raised $9 million in Series B funding. Arsenal Growth led the round and was joined by investors including Lavrock Ventures and SAPs National Security Services (NS2) Ventures.
  8. Docket, an Indianapolis-based software-as-a-service (SaaS) platform for managing intelligent meetings, raised $1.5M in seed funding
  9. Palo Alto, California-based VMware, Inc. (NYSE: VMW), an enterprise software company, completed the acquisition of Pivotal Software, Inc., a cloud-native platform provider
  10. HyperPay, a Riyadh, Saudi Arabia-based payment processing company, closed an 8-digit funding round
  11. AInnovation, a Beijing, China-based AI solutions provider, closed a Series B financing round of nearly 400m yuan (approx. US$60m)
  12. Ruangguru, a Jakarta, Indonesia-based online education platform, raised $150m in Series C funding
  13. Bill.com (NYSE: BILL), a Palo Alto, CA-based provider of cloud-based software that automates back-office financial operations, debuted on the public market today ringing the opening bell on the New York Stock Exchange
  14. Morphio, a Toronto, Canada-based AI platform for digital marketers, closed a $1M seed funding round

RHC-01