CrunchFund is an early-stage, sector-agnostic venture capital firm based in San Francisco. CrunchFund maintains a variety of relationships with other VC firms and works alongside them, using its media and PR expertise, to help propel companies forward.
CrunchFund was founded in September 2011 by Michael Arrington (who later left TechCrunch in October 2011), Patrick Gallagher, and MG Siegler (who later left for Google Ventures) - when it raised its inaugural $20 million in funding. $8 million came from AOL, and much of the rest coming from individuals (like Ron Conway and Marc Andreessen).
It raised $32 million in additional capital in a second round on January 30, 2014. In 2016, Susan Hobbs joined as a partner while Michael Arrington took on a reduced role. As of 2016, it has raised $59 million in funds. Square was one of its investments that successfully raised an initial public offering. Among its other investments include Airbnb, Cruise, DigitalOcean, Mesosphere, Redfin, Path, and Uber. At least 35 of its other investments, such as Klout, have become acquisitions. It invests $250,000 to $500,000 in young startups, and only invests with other venture capitalists. Most of the companies it invests in are in the categories of the mobile web and the curated web.
The firm raised its inaugural fund in September of 2011. Investors in CrunchFund include AOL, Accel Partners, Austin Ventures, Kleiner Perkins Caufield & Byers, Greylock Partners, Redpoint Ventures, Sequoia Capital, the founding partners of Andreessen Horowitz, each of the general partners of Benchmark Capital, Ron Conway, Yuri Milner, Brad Garlinghouse & Kevin Rose.
CrunchFund has made 242 investments. One of their investments was on Oct 10, 2018, when they invested $4.6M in YourMechanic.CrunchFund is a venture capital firm specializing in investing in seed, start-ups and early-stage companies. The firm invests in information technology and fintech companies at any stage. It seeks to invest between $25,000 and $500,000.
Associated Investment Funds
Funding Rounds Participated In
- Venture capitalVenture capital is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies, that have been deemed to have high growth potential or which have demonstrated high growth. Capital invested usually carries a substantial element of risk.