💸 Dana Settle's Greycroft Raises $980M for Two New Funds
FemWealth Issue #108
Happy Sunday, FemWealth Friends!
In the Spotlight 💸
Co-founded in 2006 by Dana Settle, Greycroft, a US ‘seed-to-growth’ VC firm, raised $980 million across two new flagship funds: early-stage-focused Greycroft Partners VII and growth-stage-focused Greycroft Growth IV.
The New York- and Los Angeles-based firm aims to invest in consumer and enterprise startups, with cheque sizes ranging from $500K for pre-seed funding rounds to over $50M for growth-stage deals.
“Greycroft’s bicoastal foundation in Los Angeles and New York has given us unique access and insights to the technological advancements that drive emerging themes and reshape industries at the intersection of culture and business.” - Dana Settle
With investments in 32 states across the US and 17 countries, the firm’s portfolio includes over 250 startups, such as Acorns, Bumble, Fetch, Flutterwave, Scopely, and Venmo.
Bumble, Axios, The RealReal, and Segment are among Greycroft’s successful exits.
FemWealth Favourites ❤️
Green hydrogen startup Ohmium raises $250 million in latest funding round - Kirsten Burpee is a co-founder and Chief Compliance Officer of the US-based electrolyzer maker Ohmium. Private equity firm TPG Inc’s Rise Climate fund led the round.
Antiva bags $53M in rare series E to finance quest for pivotal HPV treatment data - Led by Gail Maderis, the biotech company secured its $53 million series E round.
Amazon backs Veo Robotics’ $29M funding round to enhance robotics and human safety - The US-based robotics startup co-founded by Clara Vu (CTO) announced its Series B funding round from investors including Amazon Industrial Innovation Fund, Safar Partners, and Yamaha Motor Ventures.
Practice Better Raises $27 Million USD to Grow Client Management Software for Wellness Providers - Founded and led by Nathalie Garcia, Practice Better is an all-in-one software for wellness providers to manage a range of services, from scheduling to telehealth to payment.
Mark Cuban-backed streaming app Fireside confirms $25M Series A at $138M valuation - Falon Fatemi is a co-founder of the interactive entertainment app that aims to turn creators, celebrities, brands, and IP owners into the studio, networks, and streaming services of the future.
London e-bike sharing operator HumanForest cycles home £12 million - The B-Corp certified startup, co-founded by Caroline Seton (Head of Growth and Strategy), secured £12 million in a Series A funding round.
Hived is bringing a ‘green’ buzz to parcel delivery in the UK as it raises £10 million - The UK parcel delivery network, co-founded and co-led by Murvah Iqbal, raised a £10 million Series A to scale its delivery solution. Planet A Ventures led the round, joined by Maersk Growth and existing investors Eka Ventures and Pale blue dot.
Spain’s Top Doctors gets €8 million for its platform to access medical specialists - Co-founded by Lorena Bassas Vivó, the Barcelona-based platform offers patients a trusted source of medical professionals.
Founded by Adyen and Affirm alums, Ansa aims to help merchants create virtual wallets for customers - Co-founded by Sophia Goldberg, the San Francisco-based startup is building a white-labeled digital wallet infrastructure to help businesses process small payments and offset high credit card fees for smaller transactions. The company announced its $5.4 million seed round led by Bain Capital Ventures, with participation from a mix of institutions and angel investors, including Nimi Katragadda at Box Group, Nichole Wischoff at Wischoff Ventures, Cambrian Ventures, the Fintech Fund, Susa Ventures.
Naomi Osaka Raises $5M In A Funding Round For Her Inclusive-First Media Company - Hana Kuma, the media company co-founded by tennis star Naomi Osaka raised $5 million in funding to explore new productions.
Chiefy Raises $4.2 Million in Seed Funding to Build a Culture of Trust in Surgery - Maya Ber Lerner is a co-founder and CEO of the New York-based provider of communications tools for surgical teams. The startup raised $4.2m in seed funding led by LionBird and joined by Nina Capital and Emerge Ventures.
Centuro raises £3.3 million to expand its platform - helping companies expand to new markets - The UK-based platform, co-founded by Asma Bashir, helps companies comply with local regulations, including immigration, HR, legal, tax, and accounting issues.
Operant is changing the way you secure cloud native applications - The US-based company co-founded by Priyanka Tembey (CTO) and Ashley Roof (CMO) announced a $3 million seed round led by Felicis.
HydRegen raises £2.6 million to clean up the chemical manufacturing and pharmaceutical industries - Co-founded by Holly Reeve and Sarah Cleary, the Oxford-based biotechnology company is replacing toxic metal catalysts with environmentally and economically friendly bio-based alternatives reducing the temperatures and pressures required in chemical syntheses. It secured a £2.6 million investment round led by Clean Growth Fund, with the participation of existing investors.
VC: At $50M, Anthemis’ Female Innovators Lab Fund Becomes the Largest Early-stage Fintech Fund Dedicated to Companies Founded by Women - Led by Katie Palencsar, the New York-based specialist asset manager launched a new fund to invest in early-stage companies and continue its focus on designing, sourcing, and scaling female-founded embedded finance startups.
“Women are half of the world’s population, they control 70% of global household spending, profits are higher when they’re present in the c-suite, and the startups they build have a more rapid path to exit – but somehow, women-led companies still raised just two percent of all US venture investment last year. Female founder businesses are a massive market opportunity, yet chronically underfunded. FIL is purpose-built to seize that opportunity, helping women develop high-growth, high-impact startups at the intersection of finance, technology, and society.” - Katie Palencsar
Jessica Verrilli and April Underwood Form Adverb Ventures (WSJ $) - The US-based firm co-founded by Jessica Verrilli, a former partner at Alphabet’s venture arm, and April Underwood, a former Slack chief product officer, is targeting $75 million in capital commitments for its debut fund.
Goldman Sachs invests $2 billion in Black women-owned businesses — the first chapter of a bigger plan - The investment bank’s One Million Black Women program will invest more than $2.1 billion into Black women-owned businesses and nonprofits.
Sports: Sailor races around the world in 235 days, becomes first woman to win global competition - Kirsten Neuschäfer, a South African skipper, made history as the first woman to win an around-the-world race by the “great capes” of South America, Africa, and Australia.
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Until next Sunday,
Anamaria
Founder & Writer of FemWealth