CrunchFund

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CrunchFund
Private
IndustryVenture capital
Founded2011
Headquarters,
MembersMichael Arrington, Prashant Fonseka, Patrick Gallagher
Websitehttps://cf.vc/

CrunchFund is an early stage, sector agnostic venture capital firm based in San Francisco. CF maintains a variety of relationships with other VC firms and works alongside them, using its media and PR expertise, to help propel the companies of tomorrow.

History[edit]

It was founded in September 2011 by Michael Arrington (who later left TechCrunch in October 2011), Patrick Gallagher, and MG Siegler (who later left for Google Ventures) - when it raised its inaugural $20 million in funding. $8 million came from AOL, and much of the rest coming from individuals (like Ron Conway and Marc Andreessen).[1] It raised $32 million in additional capital in a second round on January 30, 2014.[2]In 2016, Susan Hobbs joined as a partner[3] while Michael Arrington took on a reduced role.[4] As of 2016, it has raised $59 million in funds. [5]

Management[edit]

Investments[edit]

Square was one of its investments that successfully raised an initial public offering. Among its other investments include Airbnb, Cruise, DigitalOcean, Mesosphere, Redfin, Path, and Uber.[2] At least 35 of its other investments, such as Klout, have become acquisitions.[5]

Philosophy[edit]

It invests $250,000 to $500,000 in young startups, and only invests with other venture capitalists.[6] Most of the companies it invests in are in the categories of the mobile web and the curated web.

References[edit]

  1. ^ "CrunchFund's future - Fortune". Fortune.com. Retrieved February 7, 2016.
  2. ^ a b "Michael Arrington is raising another CrunchFund - Fortune". Fortune.com. Retrieved February 7, 2016.
  3. ^ https://techcrunch.com/2016/07/25/crunchfund-has-a-new-partner-susan-hobbs/
  4. ^ http://fortune.com/2016/04/20/michael-arrington-steps-back-at-crunchfund/
  5. ^ a b "CrunchFund". Retrieved February 7, 2016.
  6. ^ "Michael Arrington, TechCrunch Blogger, to Invest in Start-Ups". The New York Times. September 1, 2011. Retrieved February 3, 2016.