The NYC Venture Capital News Digest 111518

first_imgThe NYC Venture Capital News Digest: 11/15/18 by AlleyWatch 220SHARESFacebookTwitterLinkedin TECHU $3.2M – Fund I First Close 2019 NYC TECH INFLUENCERS NOMINATIONS NOW OPEN This bi-weekly column covers the latest news from venture capital firms in NYC for the first half of November 2018 featuring must know news from Teamworthy Ventures and TECHU. If you have NYC venture capital firm news to submit, please send us an email at [email protected] POSTNEXT POST It’s that time again. Nominations are now open for AlleyWatch’s 2019 NYC Tech Influencers feature. Know someone amazing who belongs on this list? Nominate them today here. Nominations open until 12/15. Looking to drive targeted response from the NYC Tech community at scale, learn more about partnering with AlleyWatch on this initiative herecenter_img Teamworthy Ventures, which was previously known as Haystack Partners, is raising $80M for its second fund according to a recent SEC filing. To date, there has not been a close yet. Founded in 2014 by Evan Kaye, Stephen Schmalhofer, and Thomas Lehrman, Teamworthy’s first fund closed at $38M in 2017 and has made investments in companies like Sideline Swap, MealPal, SeatGeek, Boxed, Betterment, Bonobos, and Capsule. Given the timing of the first fund, we suspect that some of these investments are those of the founding team personally. Deeptech-focused fund, TechU, has closed $3.2M in its first close for its inaugural fund according to a recent SEC filing. The total offering amount is for $25M and the filing was initially filed in the fall of 2017. There were 10 LPs in this tranche. TechU has made investments in companies that include Bevi, MultiplyLabs, Ledgerx, and Cyclops. TechU was initially formed as an angel group and is led by Natanel Barookhian. Tagged With: Teamworthy Ventures, TECHU Teamworthy Ventures $80M Fund II Filinglast_img read more