Silicon Valley enterprise capital agency BlueRun Ventures has lassoed $130 million in capital commitments for its sixth fund. The agency invests in early-stage cell software program and monetary providers firms, together with on-line lending platform Kabbage and navigation device Waze.
BlueRun has additionally introduced the promotion of Cheryl Cheng to basic companion. Cheng joined the outfit in 2008; she’s targeted on cell and information alternatives throughout the enterprise and shopper markets. The agency additionally counts founder John Malloy and Jonathan Ebinger as GPs.
In a dialog with TechCrunch, Ebinger outlined the agency’s rising curiosity within the Mexican startup ecosystem, in addition to startups targeted on information sharing.
“There’s been such a backlash in opposition to information privateness — the pendulum has swung too far to 1 aspect — however I feel there are learnings available round the advantages of information sharing in healthcare and in monetary providers,” Ebinger instructed TechCrunch.
BlueRun deploys $three million to $5 million at a time and as much as $15 million in an organization’s lifespan. Along with main Kabbage’s Collection A financing in 2010 — an organization that’s poised to go public within the close to future — BlueRun was additionally the primary institutional investor in PayPal and was a Collection A investor in Coupa, a cloud-based software program developer that accomplished a NASDAQ preliminary public providing in 2016. The agency invests in international firms constructing companies targeted on the U.S. market.
Opposite to VCs’ newest pattern of elevating bigger and bigger swimming pools of capital, BlueRun’s newest effort is the agency’s smallest flagship fund thus far. Beforehand, BlueRun closed on $150 million for its fifth fund in 2014 and its second car, raised in 2000, garnered $460 million. BlueRun additionally operates funds in Korea and China.