Sherpa Ventures started fueling its fund a year ago. And now it has closed that fund, totaling $154 million. The project of Menlo Ventures parter Shervin Pishevar and Scott Stanford, a managing director at Goldman Sachs, is looking to get in early on the next multibillion dollar yielding venture.
Prior to Sherpa, Pishevar and Stanford have invested in companies like Facebook, Uber, and Linkedin — startups that have seen significant success. Sherpa will be investing broadly in “eCommerce, Software, and Digital Media,” says the company’s press release. So far the firm has invested in custom meal delivery with Munchery; photo-blogging app Storehouse; Coin‘s digital wallet for credit cards; and BackOps, a software that employs an army of stay-at-home moms, who run the “rote” components of back office work.
They also just participated in a $9.2 million raise yesterday for Shyp, a company that sends a person to your house to take care of your shipping needs.
Though Sherpa’s investments seem diverse, most of them can be categorized as digital commerce. Shyp, Munchery, and Coin all focus on bringing simplicity to commercial transactions, whether that means bringing the service to you or just making it easier to buy stuff.
As buying transactions increasingly move to mobile it’s likely we’ll see Sherpa Ventures making moves in the “on-demand economy,” Stanford told Forbes.