The NYC Venture Capital Firm News Digest: 1/23/2024

Full article can be found here:

https://www.alleywatch.com/2024/01/the-nyc-venture-capital-firm-news-digest-1-23-2024/

This column covers the latest news from venture capital firms in NYC featuring must-know news including news for LDV Capital, Union Square Ventures, Work-Bench, and more. If you have NYC venture capital firm news to submit for consideration for this column please send it to vc@alleywatch.com.

Jared Hecht – Union Square Ventures

Jared Hecht has joined Union Square Ventures as a Venture Partner with a present interest in self-directed healthcare, consumer fintech applications, and marketplaces. Hecht previously founded Fundera (acquired by NerdWallet) and GroupMe (acquired by Microsoft) and has angel-invested in over 80 companies including Sweetgreen, TransferWise, and Flatiron Health.

Work-Bench Promotions

Work-Bench, the enterprise-focused early-stage venture firm, has promoted Kelley Mak to General Partner.  Mak first joined the firm as an Associate in 2016.    Priyanka Somrah and Daniel Chesley were both promoted to Principal at the firm as well.

LDV Capital – Fund IV $31M

LDV Capital, the early-stage venture firm focused on visual technologies and artificial intelligence, has closed its fourth fund at $31M. Founded by Evan Nisselson in 2012, LDV has backed companies like Synthesia, Clarifai, Uizard, Ezra, CIONIC, Gryps and more. The firm closed its Fund III in 2021 at $24M.

Rachel Pavey – Primary Venture Partners

Rachel Pavey has joined Primary Venture Partners as a Senior Associate with a focus on fintech and enterprise software. Pavey was previously an investor at Speedinvest in London and Greycroft in New York. She started her career in investment banking at Bank of America.

Cade Ventures – Fund I Filing

Ryan Engel, a Peloton executive and angel investor in companies like Bolt, Ro, Latch, 10Beauty, Parsley Health, and Candid, is launching a new venture fund, Cade Ventures, according to a recent SEC filing.  The filing does not include a total offering amount.

Raquel Scott – SemperVirens Venture Capital

Raquel Scott has joined SemperVirens Venture Capital as an Investor with a focus on fintech, healthcare, and workforce solutions. Scott was previously an investor at Harlem Capital Partners and BBG. She started her career in investment banking at JP Morgan.

Abby Meyers – Bain Capital Ventures

Abby Meyers of Bain Capital Ventures has been promoted to Principal from Investor.  Meyers is mainly focused on investing in growth-stage application software companies in both the US and Europe

The AlleyWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.