VentureMatch’s Weekly New Fund Firm List (1/20–1/27)
This week, 15 exciting firms have raised funds quickly into the new year. The point of these post is to provide you with targets for your outreach when finding internships. With new funds, you normally see an increase in headcount and hopefully, an increased budget for internships ;) Provide by VentureMatch.
Ways to stand out: Look at the SEC Form D filings to find numbers that have been used for the filings, and start dialing that phone!
#1 Altitude Life Sciences Ventures
Amount Raised: 50,000,000
History Of Interns: None on Linkedin
Total AUM: NA
Thoughts: For people that are interested in Life Sciences and have a background that is relevant for this type of investing, I would take a stab at it. Seems to be a small firm, but the only downside is that the firm is located in Washington.
#2 First Leaf Capital
Amount Raised: 4,000,000
History Of Interns: None on Linkedin
Total AUM: NA
Thoughts: Small firm, could be attractive for students that want a job during the school year. The firm is located in IL.
#3 Vivo Capital
Amount Raised: 850,000,000
History Of Interns: None on Linkedin
Total AUM: 2,200,000,000
Thoughts: Vivo is a huge firm, with a history of investing well in the Life Sciences. Located in Silicon Valley and has other offices in China. Could be an interesting opp for a STEM student with a similar language background.
#4 Ubiquity Ventures
Amount Raised: 30,000,000
History Of Interns: None on Linkedin
Total AUM: 30,000,000
Thoughts: Very solid opportunity, this is the debut fund from a well connected and successful angel investor. I would highly recommend anyone to jump on applying/getting your foot in the door at this firm.
#5 Flybridge Capital
Amount Raised: 7,800,000
History Of Interns: Yes on Linkedin
Total AUM: 625,000,000
Thoughts: Flybridge has a great reputation, I would rank this as a solid opportunity. This small raise could be an oversubscription to their Sep 2018 fund, but still a great indicator.
#6 Nordic Web Ventures
Amount Raised: 1,280,000
History Of Interns: None on Linkedin
Total AUM: NA
Thoughts: If you’re located abroad, take a shot at this firm. A small fund with a small staff, but European investing has been on the uptick and poses as an interesting firm.
#7 Hack VC
Amount Raised: 242,000
History Of Interns: None on Linkedin
Total AUM: NA
Thoughts: I believe this specific raise for an AngelList SPV fund, but Hack VC had great deal flow and would a solid opp for a first-time intern. Could be difficult because it’s a small firm.
#8 Kindred Ventures
Amount Raised: 50,000,000
History Of Interns: None on Linkedin
Total AUM: 50,000,000
Thoughts: Another firm I would highly suggest pursuing, great previous deal flow/debut fund. For these debut fund, I would put these as a top priority, less competition and less likely to have a formal process for hiring.
#9 Sands Capital Ventures
Amount Raised: 23,000,000
History Of Interns: Yes on Linkedin
Total AUM: 197,000,000
Thoughts: Stage and investing agnostic. Great investment history with companies like Funding Circle, Anaplan, DocuSign, and more. Located in VA, one of the good things about this firm is that they have a history of hiring Analyst and Interns. Win, Win!
#10 Sustain Ventures
Amount Raised: 25,000,000
History Of Interns: None on Linkedin
Total AUM: NA
Thoughts: For people that are interested in sustainable consumer and enterprise product, this firm looks really awesome. Entering after a 25m fund would be a great starting point.
#11 Owl Ventures
Amount Raised: 315,000,000
History Of Interns: Yes on Linkedin
Total AUM: 600,000,000
Thoughts: Owl has a good history for hiring interns/summer associates. I would put this high on your list and start the outreach process. Especially, after raising a fund that's about half of their overall AUM. This seems like the type of opportunity that could turn into an analyst position.
#12 Firebolt Ventures
Amount Raised: 50,000,000
History Of Interns: None on Linkedin
Total AUM: NA
Thoughts: This is Firebolts third fund, which is a great sign for anyone who wants to start a career or gets exposure to venture. A small team with a quant-based approach on investing. This is great for STEM-based undergrads.
#13 Shangbay Capital
Amount Raised: 34,900,000
History Of Interns: Yes on Linkedin
Total AUM: NA
Thoughts: Another medical device based venture firm, small team, good deal flow, and definitely has the ability to give anyone lots of exposure to medical investing.
#14 Benchmark Capital
Amount Raised: 9,245,000
History Of Interns: Yes on Linkedin
Total AUM: 1,900,000,000
Thoughts: With Benchmarks investment history and level of success, this will be a harder nut to crack. In addition, Benchmark doesn’t have that much information listed on the website. Regardless, pursue everything and anything
If you have any feedback, questions, or simply think I’m missing something. Drop me a line at will@venturematch.us
Signing off — VentureMatch
