Vine Ventures, a New York City-based early stage venture capital firm, closed its Fund II, at USD140M.
The new fund received commitments from some of the world’s leading technology investors, founders, pension funds, and endowments.
Co-founded by Eric Reiner and Dan Povitsky, Vine leads the earliest financing rounds of technology companies, investing $1 million to $10 million as a first check.
Its Fund II follows a successful start to Fund I, which was raised in June 2020 and invested in:
- TUL, an app digitizing the Latin American construction industry that raised a $180 million Series B at an $800 million valuation from Avenir, Dragoneer, Tiger Global, 8VC and Coatue
- Komodor, an Israeli DevOps platform automating Kubernetes trouble-shooting that raised a $47 million Series B from Tiger Global, Accel and Felicis
- Habi, a Latin American proptech and first female-led unicorn in the region that raised a $200 million Series C from SoftBank’s Latin America Fund
- Parallel Learning, a telehealth platform serving students with learning differences in New York that raised a $20MSeries A from Tiger Global, JAWS and Obvious Ventures
- OpenStore, a Shopify merchant aggregator led by Keith Rabois and backed by Founders Fund and General Catalyst
- Ennabl, a suite of SaaS tools and data-driven services for insurance brokers that aims to become the de facto broker-carrier connectivity platform
- Modern Intelligence, a modular AI for the U.S. defense industry
The addition of Fund II brings the firm’s total assets under management to $243 million.
The firm also announced the opening of two offices: NYC (Flatiron) and Tel Aviv (Sarona Market).
FinSMEs
26/06/2022