Greycroft, a NYC-based venture capital firm that invests in technology companies, closed two funds.
They are:
- Greycroft VI, a $310m venture fund with an emphasis on early-stage investments, and
- Greycroft Growth III, the firm’s newest growth-stage fund with more than $368 million of commitments.
Across Greycroft’s ten investment vehicles, the firm has raised $2 billion in commitments and has over 200 active investments.
Co-founded by Ian Sigalow and Dana Settle, the firm invests in entrepreneurs building category-defining consumer and enterprise software-enabled businesses. As a full life cycle investor, Greycroft uses its thesis-driven approach to identify companies transforming their industries and then invests capital and expertise throughout their growth trajectory.
The firm targets investments from $500K up to $50 million in early-stage and high-growth companies, and with a team of over 40 professionals based in New York and Los Angeles, Greycroft invests in companies across the globe. Several of Greycroft’s Growth investments have been sourced directly from its early-stage Venture funds, including Acorns, App Annie, iCertis, Medly, Plated, Scopely, Shipt, and The RealReal, which went public in 2019 at $2.4 billion.
During the past 14 years, the firm has grown from $75 million to $2 billion in capital raised. It currently has over 60 active portfolio companies with $100 million-plus valuations, including nine “unicorns” each valued at more than a billion dollars. The portfolio includes Acorns, Anine Bing, App Annie, Axios, Bird, BetterCloud, Braintree, Bright Health, Buddy Media, Bumble, Flutterwave, Goop, Happiest Baby, Huffington Post, Icertis, Lightricks, Maker Studios, Medly, Openpath, Scopely, SEMrush, Shipt, TheRealReal, Thrive Market, Trunk Club, Venmo, and Yeahka.
FinSMEs
06/10/2020