Fund News

5

Javelin Venture Partners closes $125M (3rd) Fund

Alex Gurevich also promoted to Partner

Innovation series by Bambi Francisco Roizen
October 16, 2013 | Comments
Short URL: http://vator.tv/n/3299

Javelin Venture Partners, a five-year-old seed- and early-stage venture firm, is set to announce that it's raised $125 million for its Javelin Venture Partners Fund III. This just a couple years after raising $105 million for Fund II, and $75 million in 2008, when Jed Katz and Noah Doyle founded the firm. 

The Javelin team expects to invest anywhere from $500,000 to as much as $4 million in roughly 20 startups, with some capital reserved for follow-on rounds.  

At the same time, Alex Gurevich, who works in Javelin's Santa Monica, Calif. office, has been promoted to Partner. Gurevich is pictured up top (first person from the right) at a Vator Splash event in LA. 

Javelin's fund close comes at a time when the number of funds raised between $100 million and $250 million is rising. To wit, there have been 23 funds in this size range raised in the first six months of this year. That's the highest amount since 2008, when 39 funds in this range were raised for the entire year, according to Dow Jones VentureSource. 

Javelin Venture Partners III will continue to focus on the same areas of interest. To get a good understanding of what the partners are interested in, you can check out their Vator profiles.

Gurevich is interested in big databusiness intelligencemobile and online gaming. He's active in Telerivet, The Hunt, Thumbtack, Prismatic, Spotsetter, Uncovet, and Engrade.

Doyle (pictured left at a Vator Splash event) is active in 3Scale, Correlated Magnetics, Pixalate, SkyTree and KopoKopo. 


Katz (pictured right at a Vator Splash event) is interested in software as a service (Saas), business to business (B2B), business to consumer (B2C), enterprise software, and mobile. 

Javelin has been quite active. Among some companies that stand out include Nexenta, Thumbtack (which won Vator's first-ever startup competition and event), Skytree, Famo.us, Correlated Magnetics, BoostCTR and Engrade. Some seed-stage investments include Spikes, SmartAsset, and 3Scale. 

The average investment is $1.5 million and the average ownership stake Javelin takes in the companies is between 20% and 30%.  

Given the groundswell of new money coming into the seed-stages, Katz believes that more and more companies are pitching them when they're farther along. "Since angel funding has become much more accessible, companies will have probably made it a little further along by the time they pitch us," said Katz. "So for the good companies, valuations have increased a bit, but still reasonable for both parties."


Related companies, investors and entrepreneurs

30232
Jed Katz
Managing Director,
Javelin Venture Part...
Bio: Jed Katz, Managing Director, Javelin Venture Partners One of the pioneers of Internet commerce, Jed has spent his career developing, a...
Bio: At Javelin, Alex focuses on consumer web, mobile, big data analytics and business intelligence, consumer healthcare, and gaming. He led J...
Bio: Noah has founded, launched and grown dozens of high technology products and companies in 20 years of entrepreneurship and management of i...

Related news


blog comments powered by Disqus

Featured Stories

Other episodes of this series

CrossCut Ventures raises $75M for its third...

15963

Fund News

by Steven Loeb
The firm also announced Clinton Foy as its fourth Managing Director, to focus on gaming

KPCB's Anjney Midha talks about his goals...

15944

Fund News

by Steven Loeb
With Edge, KPCB looks to put its focus on emerging technologies, and back onto founders

KPCB launches new software focused seed fund

15937

Fund News

by Steven Loeb
Edge Fund will invest in areas such as VR, drones, digital health and mobile marketplaces

Ignition Partners raises $200M for its...

15847

Fund News

by Steven Loeb
The firm will use the funding to invest roughly $10M in 20 companies

NEA is closing in on the largest ever...

15552

Fund News

by Steven Loeb
The firm has already reportedly raised $2.57 billion, on its way to $2.75 billion