element Ventures has finalized its 2nd fund. The crew led by using Jennifer Fonstad and Theresia Gouw has closed $ 181 million, up from $ one hundred fifty million it raised at its inception three years ago.
An SEC submitting remaining yr alerted us that the crew changed into fundraising, however now it’s officially professional. aspect is additionally including Melinda Gates and Cisco to its roster of LPs.
The team is “anticipating putting this new money to work,” pointed out Kendra Ragatz, widely wide-spread associate and COO at element. She’s peculiarly captivated with cybersecurity, digital fitness, fintech and business companies that they believe “the future of work.”
Ragatz is one in every of four feminine GPs at the top of the company, an anomaly within the male-dominated world of assignment capital. And forty% of their investments have a feminine co-founder, compared to an business usual of just 13%.
point essentially does early-stage investments however has already had exits. Forescout went public closing yr. different notable investments include The Muse, Chime, Gusto and The RealReal.
“Over half of our portfolio organizations have long past on to elevate a success follow on rounds,” observed Ragatz.
Fundings & Exits – TechCrunch