Side Ventures partners Jennifer Fonstad and Theresia Gouw closed their second fund at $181 million. Restricted partners incorporated Melinda Gates and Cisco, among others. The firm’s portfolio has incldued a mixture of early stage enterprise and user tech corporations, particularly: Birchbox, Urbansitter, Gusto, Cato Networks, and the now publicly traded ForeScout Technologies.
Flickr co-founder Caterina Counterfeit and Jaiku co-founder Jyri Engeström, beforehand investors with Founder Collective and Correct Ventures, like launched a contemporary firm dubbed YesVC. The fund is elevating $50 million and plans to put money into twenty to thirty seed-stage corporations over the subsequent several years, in line with a blog put up by Caterina Counterfeit asserting her plans.
Privateer Holdings, which describes itself as « a deepest equity firm shaping the kind forward for the realm pleasant cannabis change, » added about $one hundred million to its coffers. With its focal point on pleasant weed, Privateer also dedicated to donate $5 million fee of equity, at the firm’s contemporary fee, to charities that « relief communities harmed by cannabis prohibition. » The firm has made prior investments in cannabis corporations including Leafly, Tilray, Marley Natural and The Goodship.
CNBC’s Jordan Novet contributed to this document.
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