Vgpe 5 takeaways from Coinbase s disappointing Q2 results
The San Francisco-based organization r
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aised $92 mil
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lion for its second fund to invest in early-stage enterprise companies. The fund was backed by an LP base of 152 operators, in addition to a few institutions, and comes three years after the firm raised $51 million for its first fund.Operator Collective founder and CEO Mallun Yen said while there are a few changes for Fund II
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, the goal and structure are largely the same: Creating a community where startups and operators can help each other.Yen, a former operator defined as someone with experience building a company herself, got the idea for the model back in 2018 when she realized a gap in the market. She had sold her startup and wanted to potentially make some investments, but she didn ;t think she had the right network to do so and wasn ;t really sure where to start. Then it clicked: She realized she was likely not the only operator who had money to invest but not enough to write meaningful angel checks or have the time t Oyab Branto Connects Your Home For Real
I found the sign-up process painful, the fine print was confusing and the insurance company was totally reactive, not proactive. They never contacted me aside from my renewal, he told TechCrunch. Joffe, who f
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ounded parking sensor platform Park Assist and jobs platform Stella.ai in the United States, began researching and found many people in Australia shared the same frustrations. This was the impetus for him to found Honey Insurance, which launches today with $15.5 million AUD about $11.9 million USD , the largest seed round ever raised by a tech startup in Australia, according to Crunchbase data.The funding was led by institutional inves
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tors RACQ the insurer that also underwrites Honey Insurance , PEXA, Metricon, ABN Group, Mirvac, AGL, SFG and Apex Capital. Individual investors include Zip founder and global CEO Larry Diamond; Afterpay co-founder and CEO Anthony Eisen; former MEBank CEO Jamie McPhee; former Corelogic
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CEO Graham Mirabito; Airtasker co-founder and CEO Tim Fung; an