Here are the day’s funding stories:
Andreessen Horowitz raises $1.5B
Andreessen Horowitz just announced it has closed its fourth fund at a sizable $1.5 billion. In total over its lifetime, the firm has now raised $4.15 billion. For a VC fund with a reputation for making big bets, this gives A16Z considerably more firepower. Read more on VentureBeat.
True Ventures tacks on $100M
Last month, we learned that True Ventures had raised a quarter of a billion dollars for its fourth startup-investment fund. Well, here’s a fun surprise gleaned from an SEC filing today: The firm just tacked on an extra $100 million, bringing the fund’s total to $350 million. Nice work, True! Read more on VentureBeat.
Lemnos locks down $20M
Vectra steps out with $17.8M
So Vectra Netoworks locked down $17.8 million in funding before it even launched (which happened today). And they say we’re in a bubble! The startup does network security. Backers include Khosla Ventures, AME Cloud Ventures (former Yahoo CEO Jerry Yang’s fund), and IA Ventures. Read more on VentureBeat.
Realty Mogul announces $9M
Realty Mogul, which just announced a healthy $9 million fundraise, itself, wants to make you a — wait for it — real estate mogul! The startup does something actually cool and mutually profitable: It lets less-rich-than-Trump types get a piece of commercial real estate action. Read more on VentureBeat.
Split takes $1M
Split “helps people avoid awkward encounters” in meatspace. That means you run into someone at a cocktail party. Maybe you were talking crap about them and they found out. Maybe you hooked up with them once. Whatever. It’s awkward. And you are so freaking maladjusted that you need an app to prevent yourself from getting into these situations. You can’t be honest, tactful, or poised. You have to rely on GPS and more to high-tail it in real time. Good freakin’ grief! The app idea is bad enough. The fact that it’s raised $1 million is much worse.