CrunchFund

CrunchFund

CrunchFund is an early-stage venture capital firm.

Company Overview

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.

History

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.

Investments

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.

Timeline

October 10, 2018

YourMechanic

$4.6M.

Funded Companies

Company
Description
Industry
Website
Location
AngelList

AngelList is a U.S. website for startups, angel investors, and job-seekers looking to work at startups.

Uber Technologies Inc. is a transportation network company (TNC) headquartered in San Francisco, California.

A company offering a communications platform allows developers to quickly build features that connect to every email, calendar, and contacts provider in the world.

A technology company that specializes in location intelligence. It was founded in 2009 and has headquarters in New York City.

YourMechanic is company providing an online marketplace for car repair services.

Satellogic is a company that looks to reducing the barriers to obtain real-time satellite data and provide access to space-based services

Yammer is a San Francisco-based social enterprise company founded by David O. Sacks.

Creative Market is a marketplace for design assets like graphics, photos, fonts, website themes, icons, brushes & more.

EasyPost is a company providing a postage API allowing developers to integrate shipping into e-commerce application.

Swiftype is a company building search software for enterprises, websites and applications. It participated in the W12 cohort of Y Combinator.

Redfin is a Seattle-based company founded by David Selinger, David Eraker and Michael Dougherty.

Kidaptive is a Redwood City, California-based educational technology products company.

Codecademy is a company providing a platform based on web and mobile that teaches digital skills to users. It participated in the S11 cohort of Y Combinator.

A New York City technology company offering a knowledge management platform.

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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
Crunch Fund I, L.P.
15,700,000
September 14, 2011
30,000,000
April 19, 2016
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People

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LinkedIn

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