Craft Ventures
| Company type | Private |
|---|---|
| Industry | Venture capital |
| Founded | 2017; 8 years ago (2017) |
| Founder | David O. Sacks, Bill Lee |
| Headquarters | San Francisco |
| Products | Venture capital |
| Total assets | 850ドル million |
| Website | craftventures |
Craft Ventures is an American venture capital firm based in San Francisco which makes early stage venture investments. Craft was founded in 2017 by David O. Sacks and Bill Lee.[1]
Background
[edit ]Craft was founded in 2017 by David O. Sacks, formerly of Yammer and PayPal [2] and Bill Lee,[3] [4] formerly of Remarq and Big Fish Games. Jeff Fluhr,[5] founder and former CEO of StubHub, joined as a general partner in 2018 and Sky Dayton, founder of EarthLink and Boingo Wireless, joined as venture partner the same year.
Craft announced its first fund of 350ドル million in January 2018[6] and its second fund of 500ドルM in October 2019.[7]
Funds
[edit ]Craft Ventures I (350ドル million) was raised in 2017.[8] [9]
Craft Ventures II (500ドル million) was raised in 2019.[10]
In August 2021, Craft announced the closing of Craft Ventures III (612ドル million) and Craft Ventures Growth I (510ドル million), focusing on SaaS businesses and marketplace businesses.[11] [12]
In November 2023, Craft announced the closing of Craft Ventures IV (712ドル million) and Craft Ventures Growth II (608ドル million).[13]
Notable exits
[edit ]| Company | Year of investment | Investment type | Exit[14] |
|---|---|---|---|
| CloudKitchens | 2017 | Series A (Co-Lead) | Acquired by 10100 in 2019 |
| Harbor | 2017 | Seed | Acquired by Bitgo in February 2020 |
| Lumina | 2018 | Seed (Lead) | Acquired by Bitgo in April 2020 |
References
[edit ]- ^ Primack, Dan (4 January 2018). "David Sacks teams with Bill Lee to raise 350ドル million VC fund". Axios. Retrieved 3 June 2018.
- ^ Chernova, Yuliya (29 October 2018). "David Sacks Looks to Raise Up to 500ドル Million for Second Craft Ventures Fund". The Wall Street Journal .
- ^ Primack, Dan (6 October 2017). "Ex-Zenefits CEO David Sacks raising VC fund". Axios. Retrieved 3 June 2018.
- ^ Jackson, Eric (6 February 2018). "Ex-PayPal executive David Sacks explains how his new company will change crypto trading". CNBC. Retrieved 3 June 2018.
- ^ "Jeff Fluhr". Bloomberg . Retrieved 1 November 2018.
- ^ Calacanis, Jason (20 July 2018). "David Sacks Craft Ventures 350ドルm raise, big Bird bet, VR, crypto, Yammer, Zenefits, investing". This Week in Startups. Retrieved 24 August 2020.
- ^ Loizos, Connie (15 October 2019). "David Sacks's Craft Ventures just closed its second fund with 500ドル million". Techcrunch.com. Retrieved 24 August 2020.
- ^ "CRAFT VENTURES I, L.P. :: California (US) :: OpenCorporates". opencorporates.com. Retrieved 2021年10月30日.
- ^ "Craft Ventures I | Palico". www.palico.com. Retrieved 2021年10月30日.
- ^ "Craft Ventures II | Palico". www.palico.com. Retrieved 2021年10月30日.
- ^ Fluhr, Jeff (2021年08月04日). "Announcing Craft III: 1ドル.1 Billion for SaaS and Marketplaces". Craft Ventures. Retrieved 2021年10月30日.
- ^ "Craft Ventures Launches its 1ドル.2 Billion Fund for SaaS and Marketplace Startups". Crowdfund Insider. 2021年08月14日. Retrieved 2021年10月30日.
- ^ FinSMEs (2023年11月14日). "Craft Ventures Raises 1ドル.32 Billion for Two Funds". FinSMEs. Retrieved 2024年06月05日.
- ^ "Craft Ventures | Our Portfolio". www.craftventures.com. Retrieved 2021年06月11日.