Tag: Y Combinator

The Capitalization Report v210518 BETA

KEYWORDS: MasterClass, Carrick Capital Partners, Tiger Global, Spectrum Equity, Bessemer Venture Partners, Y Combinator, RHC 21, Red Hook Capital, DailyPay, Goldbelly, Houm

EDITOR: JD M. and Will E.

THE CAPITALIZATION REPORT v210517

DEALS THAT RECENTLY CLOSED

  • MasterClass, a San Francisco, CA-based streaming platform for anyone to learn from the best professionals in their specific field, raised $225M in Series F funding (DISCOLSURE: Red Hook Capital Fund is a co-investor in the deal) PRESS RELEASE URL: https://www.prnewswire.com/news-releases/masterclass-raises-225m-to-further-accelerate-growth-301290700.html
  • DailyPay, a New York City-based provider of on-demand pay solutions for enterprises, raised $175 million in Series D funding. Carrick Capital Partners led the round. (DISCLOSURE: A Red Hook Capital Fund is a co-investor in this deal). PRESS RELEASE URL: https://www.prnewswire.com/news-releases/dailypay-raises-500-million-of-capital-powering-its-mission-to-transform-the-financial-system-301293703.html
  • Goldbelly, a New York City?-based maker of a food e-commerce platform, raised $100 million in Series C funding. Spectrum Equity led the round and was joined by investors including Intel Capital. (DISCLOSURE: A Red Hook Capital Fund has co-invested in the D round with Spectrum Equity)
  • Coiled, a New York-based machine-learning and A.I. data company, raised $21 million in funding. Bessemer Venture Partners led the round. (DISCLOSURE: Red Hook Capital has co-invested in deals with Bessemer Venture Partners )
  • Houm, a Chile-based all-in-one platform for homeowners to rent and sell their properties, raised $8 million in seed funding. Investors included Y Combinator, Goodwater Ventures, OneVC, Vast VC, Liquid2, and Myelin. (DISCLOSURE: Red Hook Capital has co-invest in deal with Y Combinator)
  • Platinum Equity agreed to acquire Game Taco, a Sausalito, Calif.-based skill-based mobile gaming platform. Game Taco will also acquire WorldWinner, a skill-game company, from GSN Games, which is owned by Sony Pictures Entertainment. Financial terms weren’t disclosed. (DISCLOSURE: Red Hook Capital has advised Platinum Equity on other mergers and place bids on Platinum Equity portfolio companies in the past).
  • Ankorstore, a Paris-based curated marketplace for independent brands and retailers, raised $100 million in series B funding. Tiger Global and Bain Capital Ventures led the round and were joined by investors including Index Ventures, Global Founders Capital, Alven, and Aglaé. (DISCLOSURE: Red Hook Capital has co-invest in deal with Tiger Global)

TALKING VALUATIONS

  • MasterClass is raising $225 million in a new round of funding that it will use to launch a new enterprise business and expand internationally.
  • It more than triples the start-up’s valuation to $2.75 billion, according to sources.
  • The Series F was led by Fidelity, with participation from Baillie Gifford, Eldridge, IVP and NEA.

Online learning platform MasterClass has been valued at $2.75 billion in a new round of funding. That’s more than triple its valuation from 3q2020, according to Pitchbook.

MasterClass, the streaming platform that makes it possible for anyone to learn from the best, today announced that it has raised $225M in Series F funding, led by Fidelity Management & Research Company and with participation from new investors including Baillie Gifford, Balyasny Asset Management and Eldridge together with existing investors IVP, Javelin, NEA and Owl Ventures. Disclosure: This report is a portfolio company of Red Hook Capital that co-invested in the deal through a SPV in this round).

MasterClass relies on a subscription model for revenue. An annual subscription costs $180 and allows users unlimited access. For EBITDA companies, the number of subscribers could influence the valuation or a multiple of EBITDA.

A member of the The Capitalization Report would be happy to discuss in details valuation of this company with the requirement that they are an accredited investor with proof of funds (can use our PROOF program) or an owner in a company with EBITDA greater than $3 million.

CEO & GENERAL PARTNERS CLOSING DEALS

David Rogier is profiled today for raising $225 million in a new round of funding that it will use to launch a new enterprise business and expand internationally

David Rogier is the founder and CEO of MasterClass, the streaming platform where anyone can learn from the world’s best across a wide range of subjects. As a kid, Rogier loved learning but often struggled in school. In 2015, he created MasterClass to reinvent the traditional model and provide life-long learning opportunities for everyone.

MasterClass has since transformed the online learning category providing intimate access to over 90 of the world’s best practitioners.

In 2020, David Rogier was named one of the most influential leaders in media and entertainment on Fortune’s “40 under 40” list and as one of Variety’s Hollywood New Leaders.

RECENT DEALS THAT CLOSED OF INTEREST

Healogics, a Jacksonville, Fla.-based provider of wound care, raised $240 million. Clayton Dubilier & Rice, Partners Group, and Northwestern Mutual invested $75 million. Marathon Asset Management invested some $165 million  (DISCLOSURE: A member of Red Hook Capital S.E.A. was a former board member of Northwestern Mutual).Merge, a San Francisco and New York City-based business-to-business API company, raised $4.5 million in seed funding. NEA led the round. (DISCLOSURE: A Red Hook Capital Fund has invested in NEA Fund).

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Continue reading “The Capitalization Report v210518 BETA”

REBLOG: MIT Alumni group to lead RHC SPE’s investment into EquipmentShare

  • RHC’s SPE joins investors including Y Combinator, Insight Partners, Romulus Capital, Trifecta Capital and Sound Ventures in supporting EquipmentShare to drive the digital transformation of the construction industry.
  • RHC’s SPEs continue to co-invest with leading sources of capital such as Tiger Global, TPG Growth, and other capital sources in late-stage rounds into leading deals such as EquipmentShare, Varo Bank, Overtime Sports, Bright Insight, and other TBA investments.
  • RHC’s MIT Alumni group continues to source great deals allowing the RHC family of funds to co-invest in deals not available to an average accredited investor, family office, or even venture capital firms.

Sunday, March 21, 2021 – RHC’s SPE is pleased to announce their plans to co-invest through an SPV into EquipmentShare’s D round.   RHC has continued to create Special Purpose Entities (SPE) to allow its limited partners and Investor Network by JD’s members to co-invest in late stager deals.  This round will be led by our MIT alumni group with more than 4 investments through our SPEs into later stage rounds led by major tier one venture capital firms.

JD Morris, spokesperson for Red Hook Capital’s family of SPEs and SPVs said:

The 2021 first quarter has been an amazing start, co-investing with top sources capital such as Tiger Global, TPG Growth and other sources of amazing capital.   Our investment in EquipmentShare, Varo Money, Overtime Sports, BrightInsight, FortifID, and other amazing deals continue to allow our investors access to deals closed to other investors or even top venture capital firms. 

Red Hook Capital’s SPE joins investors including Y Combinator, Insight Partners, Romulus Capital, Trifecta Capital, Sound Ventures and other sources of capital in supporting EquipmentShare to drive the digital transformation of the construction industry.

EquipmentShare is dedicated to helping contractors with technology-enabled services that impact contractors’ bottom line. EquipmentShare enables the measurement of the construction environment with its Track technology. This data is used to provide insight and control over a historically chaotic environment that is in desperate need of this holistic solution. 

ENDS

REPOST: IND Pipeline v 19.03.28

For full pipeline of deals visit following:

http://www.investornetworkdestinations.com/ind-pipeline-v-19-03-28/

IND PIPELINE HIGHLIGHT

Proxy, a startup that provides a universal identity signal, raised $13.6 million in Series A funding. Kleiner Perkins led the round and was joined by investors including WeWork, Y Combinator, and Coatue Management.

Read More Via AP Press Release: https://www.apnews.com/Globe%20Newswire/e42158fc650970987993c7086600987f

IND PIPELINE

  • Nodin (Formerly called Appli), a Denver, CO-based AI-driven augmented analytics platform, completed an initial round of funding of $5m
  • Boundless Immigration, a Seattle, WA-based technology company that enables immigrants to navigate the green card and citizenship processes, raised $7.8m in Series A financing
  • PhotoShelter, a NYC-based digital asset management platform for visual storytellers, raised $8m in funding

Continue reading “REPOST: IND Pipeline v 19.03.28”

20180816 IN Pipeline – Venture Capital

US unicorns had already raised over $19 billion this year (just remember:  unicorns are for show. Dragons are for dough.)

This is a beta blog that provides deals that are closing.

DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a beta blog and will not be updated.

IN PIPELINE – Venture Capital Deals that closed 08 – 16 -2018

•  Deposit Solutions, a Hamburg-based banking platform, raised $100 million in funding. Vitruvian Partners led the round and was joined by investors including Kinnevik and e.ventures.

• Sila Nanotechnologies, a maker of battery materials, is raised $70 Million in Series D funding. Sutter Hill Ventures led the round and was joined by investors including Next47 and b.

• Sen Do Technology, a Ho Chi Minh City-based online marketplace, raised $51 million in Series B funding. SBI Group led the round, and was joined by investors including SoftBank Ventures Korea, Daiwa PI Partners, and SKS Ventures.

• Common Networks, a San Francisco wireless internet service provider, raised $25 million in Series B funding. General Catalyst led the round and was joined by investors including Eclipse Ventures and Lux Capital.

• AxiaMed, a Santa Barbara, California-based healthcare payments technology firm, raised $12.4 million in funding. Health Enterprise Partners led the round.

• Karma, a Stockholm-based startup that helps for restaurants and supermarkets to sell unsold food to consumers, raised $12 million in funding.  Kinnevik led the round and was joined by investors including Bessemer, Electrolux, and e.ventures.

• Clobotics, a Seattle and Shanghai-based maker of drones and retail intelligence solutions, raised another $11 million in its Series A round. New investors included Nantian Infotech VC and Wangsu Company.

• Lucidity, a Los Angeles-based digital advertising blockchain, raised $5 million in funding. 3Rodeo, CoinUs, Cypher Group, YouBi Capital, and Pithia were the investors.

• Visor, a real-time data and gaming improvement developer, raised $4.7 million in Series A funding. Accel led the round and was joined by investors including Y Combinator, Afore Capital, and NextGen Venture Partners.

• ListingSpark, an Austin-based real estate listing platform with a reduced fee, raised $2 million in Series A funding. The investor was Silverton Partners.

• ROOM, a New York-based firm for office spaces, raised $2M in seed funding. Slow Ventures led the round

Investor Network by JD

Below are some of our largest subscribers and followers along with some newer (or not used accounts). Think of this as a master list!

Facebook Page “Investor Network by JD” ( 3,200 + subscribers)

https://www.facebook.com/InvestorNetwork/

LinkedIn Group “Investor Network” ( 5,000 + subscribers)

https://www.linkedin.com/groups/53760

LinkedIn Group “Sell Your Company” ( 9,500 + Subscribers)

https://www.linkedin.com/groups/2593533

Twitter ( 1,600 + followers)

@INbyJD

@RedHookCapital

YouTube (10+ subscribers)

coming soon!

Pipeline & $60 USD Unicorn

Just for fun a deals are closing.  As 2017 ends, so does our search for Unicorn deals.  We are going back to focusing on growth capital for EBTIDA deals.

If you really need a Unicorn, I know where you can find one for $60 USD vs. a billion!

 

IMG_0145.jpg

 

• Carbon, a Silicon Valley-based digital 3D manufacturing company, raised $200 million in Series D funding. Investors include Baillie Gifford, Fidelity Management & Research Company ARCHINA Capital, General Electric, JSR Corporation, Sequoia Capital, Silver Lake Kraftwerk, and Reinet Investments.

• Respicardia, Inc, a Minnesota-based medical technology company, raised $58.5 million in funding. ZOLL Medical Corporation led the round.

• ACL, a Canada-based SaaS provider helping governments and companies quantify risk, raised $50 million in funding. Norwest led the round.

• Passport, a Dover, Delaware-based mobile payments company specializing in the transportation industry, raised $43 million in Series C funding. Bain Capital Venturesled the round, and was joined by investors including Grotech Ventures, MK Capital and Relevance Capital.

• Common, a New York-based co-living startup, raised $40 million in Series C funding. Norwest Venture Partners led the round.

• Convercent, a Denver-based ethics and compliance cloud software provider, raised $25 million in Series E funding. Rho Ventures led the round.

• SendBird, a provider of a messaging and chat API for mobile apps, raised $16 million in funding, according to TechCrunch. Shasta Ventures and August Capital led the round, and was joined by investors including Y Combinator and Funders’ Club. (IN knows Funders’ Club)

• Anodot, an Israel-based AI-powered analytics company, raised $15 million in Series B funding. Redline Capital Management led the round, and was joined by investors including investors Aleph Venture Capital and Disruptive Technologies Venture Capital.

• Ample Hills Creamery, a Brooklyn, N.Y.-based maker of ice cream, raised $8 million in Series A funding. Rosecliff Ventures led the round and was joined by Bullish, Lerer Hippeau, RiverPark Ventures, The Allana Group, and Charles Cohen of Cohen Media.

• Happy Returns, a technology, logistics and service provider for online retailers, raised $8 million in Series B funding. USVP led the round, and was joined by investors including Upfront Ventures and Trunk Club founder Brian Spaly.

• Asimov, a company creating computer-aided biology design tools, raised $4.7 million in seed funding, according to TechCrunch. Investors include Andreessen Horowitz. Read more.

• Fiit, a U.K.-based social workout app, raised 2.4 million pounds ($3.2 million) in seed funding. Connect Ventures led the round, and was joined by investors including JamJar Investors, Rooks Nest Ventures and Westminster Capital.

• Ataata, a Bethesda, Md.-based cyber security training platform, raised $3 million in funding. Next Frontier Capital led the round, and was joined by investors including TEDCO, 2M, SaaS Ventures and ARRA Capital.

• Radar Relay, a Fort Collins, Colo.-based decentralized crypto currency exchange, raised $3 million in seed funding. Blockchain Capital led the round, and was joined by investors including SV Angel, Digital Currency Group, Reciprocal Ventures, Collaborative Fund, Kindred Ventures, Kokopelli Capital, Notation Capital, Sparkland Capital, and V1.VC.

• Ocean Protocol, a decentralized data exchange protocol, raised funding of an undisclosed amount from Outlier Ventures.

• Mobike Japan, the Chinese bike rental company’s entity in Japan, raised funding of an undisclosed amount from Line, according to TechCrunch

DISCLAIMER:  This information is provided by AP, Bloomberg, Forbes, Fortune,  preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources.  Please check with the company website as this a beta blog and will not be updated.

Happy Investing and Networking,

Investor Network by JD

VC Day with the case of two Venture Capital firms and our “venture capital pipeline” vs. the normal PEG pipeline

Trive

The case of two Venture Capital firms!  Thrive Capital has less than 25 words on their website, but all you have to say in referrals and networking!

Here is what they say on their website: “Thrive Capital is a venture capital investment firm focused on internet and software investments.” Use this URL to see almost nothing: http://www.thrivecap.com/

On the other hand, the fund “Union Square Ventures” does what I love!  Blog, Social Media, and more!  See fun VC website via this URL: https://www.usv.com/

I think both are amazing based on results!  However, what does each website say about the leadership?

THE PIPELINE – VENTURE CAPITAL

• Avelas Biosciences Inc., a San Diego-based developer of targeted cancer therapeutics, has raised $20 million in Series C funding. Pharmstandard International led the round, and was joined by Ervington Investments, Alexandria Venture Investments and return backers Avalon Ventures, Bregua Corp. and WuXi Healthcare Ventures.

• DriveTribe, a London-based digital media platform focused on “motoring and adventure,” has raised $5.5 million in Series A funding. Breyer Capital led the round and was joined by Atomico and individual angels. www.drivetribe.com

• Happify, a New York-based provider of emotional wellbeing and mental health software, has raised $5 million in VC funding from Marketplace Fund II and Hills Capital. www.happifyhealth.com

• InsiteVR, a provider of virtual reality-based modeling solutions for architects, has raised $1.5 million in seed funding. Backers include Y Combinator, CyberAgent Ventures, GREE VR Fund and individual angels.

• Instavest, a social investing platform, has raised $1.7 million in seed funding from backers like Y Combinator and Cherubic Ventures.

• ID Experts, a Portland, Ore.-based provider of software and services for cyber breach and identity fraud protection, has raised $27.5 million in new VC funding.Peloton Equity and Trident Capital Cybersecurity co-led the round, and were joined by return backers BlueCross BlueShield Venture Partners and the Sandbox Advantage Fund. www.idexpertscorp.com

• Netlify, a startup for building, deploying and hosting static sites or apps that is integrated with GitHub, has raised $2.1 million in VC funding from Bloomberg Beta and Tank Hill Ventures.

• NextHealth, a Denver-based healthcare analytics platform aimed at reducing costs for insurers, has raised $8.5 million in Series A funding from Norwest Venture Partners.

NEA new enterprise associates

• Virtru, a San Francisco-based provider of encryption and data protection solutions, has raised $29 million in Series A funding. Bessemer Venture Partners led the round, and was joined by NEA, Soros Fund Management, Haystack Partners, Quadrant Capital Advisors and Blue Delta Capital. www.virtru.com

• VUV Analytics Inc., an Austin, Texas-based developer of vacuum ultraviolet absorption spectroscopy, has raised $6.5 million in Series B funding. New Science Ventures led the round, and was joined by S3 Ventures. www.vuvanalytics.com

• ZeroCater, a San Francisco-based corporate catering startup, has raised $4.1 million in new VC funding from Romulus Capital and Struck Capital. The deal was done at a valuation north of $100 million. www.zerocater.com

Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Reuters, and other sources.  Please check company website for best information.

Contact JD Morris anytime via text 858-869-9483 about $4 million plus EBITDA deals.  Our network of deal people can do billion dollar to just few million dollar M&A deals.

Happy Networking,

JD Morris

JD Morris

Join me on LinkedIN: https://www.linkedin.com/in/jdmorris

Java Printing

 

Jan 28th Investor Network 3.0 Webinar! Plus 10+ deals that closed!

INVESTOR NETWORK NIGHTS:

Hear two people pitch and learn more about grants from Naval Health Research Center former Navy Officer in charge!  Learn about Red Hook Capital’s management buy out (MBO) program!  Register: https://attendee.gotowebinar.com/register/6370085834619177216

DEAL FLOW:

1) Do you have any deals $4+ million ebitda? Contact JD about an investor! Contact jdm.networking@gmail.com anytime.

2) If you do not have $4+ million in EBITDA, try pitching at Investor Network Nights your great deal (the key word is it is a Great deal). Contact InvestorNetworkNights@gmail.com anytime!

DEALS THAT CLOSED:

  • AppNexus, a New York-based online advertising platform, has raised $75 million in Series D funding.Technology Crossover Ventures led the round, and was joined by Venrock and Tribeca Venture Partners. The company now has raised more than $140 million in total VC funding. www.appnexus.com
  • Bluebox, a provider of enterprise cloud hosting and managed services, has raised $4.3 million in Series A funding co-led by Founders Collective and Voyager Capital. Bluebox has offices in both Seattle and New York City. www.bluebox.net
  • CircuitHub, a San Jose, Calif.-based electronics design facilitator, has raised an undisclosed amount of funding from Google Ventures, Y Combinator and individual angels like Paul Buchheit and Matt Cutts.www.circuithub.com
  • Extole, a San Francisco-based social advocacy platform, has raised $7.6 million in VC funding from return backers Shasta Ventures, Norwest Venture Partners, Redpoint Ventures and Trident Capital.www.extole.com
  • Front Flip, a Leawood, Kansas–based loyalty marketing company, has raised $3.75 million in Series B funding. Jon Darbyshire (founder of Archer Technologies) led the round, and was joined by individuals like Peter Brown (CEO of AMC Entertainment) and Gary Fish (CEO of FishNet Security).www.frontflip.com
  • Goal Zero, a Bluffdale, Utah-based developer of portable solar power systems, has raised $7 million in VC funding from Mercato Partners. www.goalzero.com
  • KnowRe, a South Korea-based developer of an online adaptive learning service for mathematics, has raised $1.4 million in VC funding from SoftBank Ventures Korea. www.knowre.com
  • Leyden Energy Inc., a Fremont, Calif.-based maker of lithium-ion batteries, has raised $10 million in Series C funding. Return backers include New Enterprise Associates, Lightspeed Ventures, Sigma Partners and Walden International. www.leydonenergy.com
  • OLO, a New York-based online and mobile ordering platform for restaurants, has raised $5 million in Series B funding. PayPal was joined by return backers Core Capital Partners, RRE Ventures and David Frankel. www.olo.com
  • ParkMe, a Santa Monica, Calif.-based provider of database and analytics software for parking locations and availability, has raised an undisclosed amount of new VC funding. Angeleno Group led the round, and was joined by return backers Fontinalis Partners and IDG Ventures. www.parkme.com
  • Recondo Technology, a Greenwood Village, Colo.-based developer of healthcare payment processing software, has raised $20 million in growth equity funding from Bregal Sagemount.www.recondotech.com
  • ReliOn, a Spokane, Wash.-based provider of fuel cell solutions for backup power and grid-support applications, has raised an undisclosed amount of strategic equity funding from Cummins Inc.(NYSE:CMI). www.relion-inc.com
  • Solegear Bioplastics Inc., a Vancouver-based developer of bioplastic technologies, has raised an undisclosed amount of strategic funding from Best Buy Capital. The company previously raised Series A funding from Yaletown Venture Partners. www.solegear.ca
  • Tradeshift, a London-based social network for businesses, has raised an undisclosed amount of strategic funding from Intuit. The company previously raised around $24 million from Notion Capital, Ru-Net Holdings and Kite Ventures. www.tradeshift.com
  • True Office, a New York-based company that gamifies regulatory and compliance, has raised $3 million in Series A funding. Backers included Rho Ventures, the Partnership for New York City Fund and Contour Venture Partners. www.trueoffice.com
  • Wercker, a Dutch developer of cloud-based continuous delivery solutions, has raised an undisclosed amount of seed funding. Shamrock Ventures led the round, and was joined by Greylock Partners and Vitulum Ventures. www.wercker.com
  • WizIQ, a provider of SaaS-based virtual classroom software for teachers, has raised $4 million in Series B funding led by Kaizen, an India-based private equity fund focused on the education sector. Bertelsmann also participated. www.wiziq.com

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