J Zac Stein and Georg Ell Join Craft as Venture Partners

It is rare to find investors and operators who have unique insight into SaaS and/or marketplace businesses and share Craft’s founder-first ethos. When we find them, we try to bring them onboard. …


Today we are announcing the closing of our two latest funds — Craft Ventures III ($612 million) and Craft Ventures Growth I ($510 million) — for a combined $1.12 billion. This brings our total assets under management to $2 billion. …


Photo by Tiger Lily

We are delighted to lead the $60 million Series C round for Instawork, the leading marketplace that connects businesses (aka “Partners”) with a vetted, flexible workforce (aka “Pros”).

Instawork fits squarely into our vertical labor marketplace thesis, which I wrote about in this blog post. We’ve been following the company’s…


by Jeff Fluhr & Bryan Rosenblatt

We are delighted to lead the $70 million Series B for Snackpass, the order-ahead app that’s going viral on college campuses.

Unlike other consumer marketplaces that focus on delivery (Doordash, UberEats, etc.), Snackpass is used primarily for take-out. Snackpass has achieved the holy grail…


We started StubHub less than five years after eBay invented the low-touch marketplace but we diverged from eBay in that we chose a higher-touch model. We oversaw the fulfillment of the tickets through API integration with FedEx and handled all customer support when users had questions or issues to resolve…


I am excited to announce that Craft led the $35 million Series A round for Route earlier this year and I joined the Board. Route is an end-to-end Ecommerce solution that empowers both consumers and brands. …


Labor Marketplaces and the Future of Healthcare in the U.S.

First published in TechCrunch on September 15, 2020

Over the last several months, we’ve seen dramatic swings in the demand for healthcare across the country. While hospitals in some cities were overwhelmed by an influx of COVID-19 patients, others sat empty — and in many cases experienced financial distress —…


Craft recently led the $7.5mm Series A for Northspyre, a cloud-based intelligence platform for real estate owners, developers and project management firms. This is another exciting SaaS investment for us and I’ll be joining the Board.

Real estate is the largest asset class in the world but has historically experienced…


5 Lessons from the Dot-Com Crash

A once-in-a-generation stock market crash ushers in a period of economic turbulence and angst for founders — especially those who need to raise capital. That happened last month with COVID-19, but it also happened 20 years ago with the bursting of the dot-com bubble. For founders who didn’t experience the…


The Coming Hyper-verticalization of Labor Marketplaces

Many people have written about the slew of unicorns created over the past decade by savvy entrepreneurs who picked off categories from Craigslist. Airbnb picked off “vacation rentals” and “shared rooms”. Tinder picked off “personals”. At StubHub, the company I founded, we picked off the “tickets” category. These companies all…

Jeff Fluhr

Now: General Partner of Craft Ventures. Former: Co-Founder/CEO of StubHub. Angel investor in Twilio, Houzz, Warby Parker, Trulia and others.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store