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Veteran Investor From General Catalyst & General Atlantic Launches Avid Ventures with $68M Debut Venture Capital Fund
February 19, 2021 GMT
NEW YORK (BUSINESS WIRE) Feb 19, 2021
Avid Ventures today announced the launch of its $68 million debut venture capital fund. Avid backs exceptional founders at the Series A and B stages who are building transformative technology companies. Pursuing a highly collaborative investment strategy, Avid partners with top-tier lead investors and takes a hands-on approach to helping founders evolve their early-stage startups into proven growth businesses. Avid was founded by Managing Partner Addie Lerner, decade-long investor at General Catalyst, General Atlantic, and Goldman Sachs, and has already made six investments in companies accelerating the credit, identity, co-working, healthcare, mortgage, and alternative payments industries.
So naturally, anytime we hear of a new female-led fund, our ears perk up.
Today, New York-based Avid Ventures announced the launch of its $68 million debut venture capital fund. Addie Lerner who was previously an investor with General Catalyst, General Atlantic and Goldman Sachs founded Avid in 2020 with the goal of taking a hands-on approach to working with founders of early-stage startups in the United States, Europe and Israel.
“We believe investing in a founder’s company is a privilege to be earned,” she said.
Tali Vogelstein a former investor at Bessemer Venture Partners joined the firm as a founding investor soon after its launch and the pair were able to raise the capital in 10 months’ time during the 2020 pandemic.
Six-year-old firm’s platform has in past year doubled spending managed to $68B
One of Nashville’s biggest recent technology success stories has secured its next round of funding, landing $88 million from a consortium of investors led by the man who has also backed Peloton and SurveyMonkey.
The leaders of Built Technologies, which sells software that helps construction sector players more efficiently track and move their money, say they will use their Series C funding from the Addition fund run by Lee Fixel and other investors to further scale their business. Fixel, who also funded Flipkart and has
been very active during the pandemic, is joining Built’s board.
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Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. Chase Gilbert, CEO and cofounder of Built Technologies. Built Technologies
Construction fintech company Built Technologies raised an $88 million Series C round.
The funding round was led by Addition, tech investor Lee Fixel s new venture capital firm.
Built plans to build tools for construction companies, including a Venmo-style payment platform.
Construction fintech company Built Technologies has raised an $88 million Series C funding round.
The company, launched in 2015, started out building digital tools for lenders to manage their workflows for construction clients. Its tools have been used on over $68 billion worth of construction products, according to the firm.