M13, a Los Angeles, CA-based venture firm, closed its second venture capital fund, at $175M.
Investors include Sir Richard Branson, Silas Chou, and Arianna Huffington.
M13’s Fund II will prioritize Seed and Series A with select Series B+ rounds in emerging consumer technology companies.
Founded in 2016, M13 executes a “founders first” approach with a team of experienced operators to help build and scale consumer technology companies.
With more than 80 direct investments and 16 exits, M13’s prior investments total over $137B in enterprise value and includes Lyft, Pinterest, Ring, Daily Harvest, FabFitFun, Rothy’s and others.
Fund II will build on M13’s expertise in consumer behavior and the intersection of emerging technology and key sectors such as health, transportation, food, housing and personal finance.
Recent investments include Capsule, Coinmine, Doorstead, Emerge and Tarform.
The firm has offices in Los Angeles, New York and San Francisco.
The team includes:
– Carter Reum, Partner
– Courtney Reum, Partner
– Karl Alomar, Partner
– Mary Carmen (MC) Gasco-Buisson, P&G Executive On Loan
– Latif Peracha, Partner
– Matt Hoffman, Partner
– Gautam Gupta, Partner