Silicon Valley Takes The Red Eye To NYC | Fin VC Raises $400 Million For Fintech | A New Crypto Decacorn

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Historically Silicon Valley-centered firms including Accel, Andreessen Horowitz, Craft Ventures, Greylock, Lightspeed Venture Partners, Redpoint and Threshold Ventures now have check-writing investors based in New York. Others are rumored to be looking – or looking the other way as younger employees stay there for long stretches. “I think every firm will have a New York office in the next 18 months,” one partner at a prominent Sand Hill Road firm without one confided (anonymously) in Midas Touch. “Every single firm is talking about it.”

The work case: For Threshold, formerly known as DFJ Venture, planting roots in New York was a business decision, cofounder Emily Melton says, inspired by the firm’s recognition that six of its most recent investments were in the city, while nearly 40% of its fund III companies maintained an East Coast-based founder. Partner Chirag Chotalia raised his hand and moved to SoHo; the firm also hired Megan Kelly, previously of First Round, Thrive Global and J.P. Morgan, as a principal. (Kelly was unavailable to chat, having recently gone on maternity leave.) “I like to call it the Brady Bunch view: we can still do a partner meeting on Zoom] where I can see everyone’s faces in the boxes,” says Melton. “But at the end of the day, we also believe there’s something about physical...

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The women turned their passion project into a business and launched Female Invest. “The idea of Female Invest was born in our first conversation we ever had,” Falkenberg tells Midas Touch. “We thought that the idea of creating some sort of community for women to talk about money and investing and empowerment really had a lot of merit.” Female Invest formally launched in 2019 as a platform of resources about investing and a place for women to ask questions. It has since landed the founders on the Forbes 30 Under 30 Europe list in 2020 and grown to more than 20,000 paying users across 67 different countries.

The round: The Copenhagen, Denmark-based edtech company raised a $4.5 million seed round led by Green Visor Capital with participation from New Theory Ventures and from angel investors including Mia Wagner, the CEO of Nordic Female Founders and an investor on The Lion’s Den — the Danish version of Shark Tank — and Fiona Pathiraja, a managing partner at Crista Gallis Ventures, among others. Pathiraja put in $500,000 of her own capital in and says that she understood Female Invest’s mission instantly because she had to learn about investing on her own on the fly after getting divorced...

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