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Fresh Capital

Fresh Capital

Tradesy Raises $1.5 M. to Help You Cash in on the Clothes in the Back of Your Closet

Cash monies.

Got a bunch of stuff hanging in your closet you’re no longer thrilled with? Well, the Los Angeles-based marketplace Tradesy wants to help you out–and the company has just raised a $1.5 million round to do just that. Participants include Rincon Venture Partners, 500 Startups’ Dave McClure, DailyCandy founder Dany Levy, Daher Capital, Bee Partners, Double M Capital and Launchpad LA.

The site is the second project from Tracy DiNunzio, who previously started RecycledBride, a marketplace for wedding-related resale. But she wanted to do something broader all along, she told Betabeat.  Read More

Fresh Capital

MESA Raises $10 Million Seed and Series A Venture Fund Focused on New York City

Mark Patricof

MESA+, a four-year old venture arm of the investment bank and strategic advisory firm MESA Global, is launching a $10 million venture fund today for seed stage and Series A investments. The fund will be allocated towards companies in consumer Internet, digital content, advertising, marketing, and commerce and focus on investments in New York, from the Mesa+’s Union Square headquarters.

“Since its inception, MESA has worked hard to connect startups with our network in the media and entertainment world,” the company said in a press release, noting that, “we are a startup ourselves.” The firm has ballooned from four people to more than 25, including its three partners: Jacob Brody, Andrew Montgomery, and Mark Patricof. Read More

Fresh Capital

After Traffic Boom, Chris Hughes-Backed Upworthy Raises $4 M. to Find Actually Important Viral Videos

Upworthy

After six months, news aggregator Upworthy has proven that viral videos work as a conduit for politically-relevant information just as well as, say, cats or Carly Rae Jepsen. The Chris Hughes-backed site, which describes itself as “social media with a mission,” picked up an impressive six million uniques in September according to Google Analytics, up from just over 4 million in August.

To help catapult that growth, the company has raised $4 million from the venture capital firm NEA, as well as a host of familiar angel investors, including Reddit cofounder Alexis Ohanian and BuzzFeed cofounder John Johnson. Mr. Hughes, who is also fighting the good fight as owner of the The New Republic, reupped, participating in this round as well, the company confirmed.  Read More

Fresh Capital

Collaborative Fund Pulls a Yuri, Offers Blanket Investment in All Brooklyn Beta Startups

Collaborative Fund Brooklyn Beta

“It’s a similar approach to Ron Conway and Yuri Milner’s deal with Y Combinator,” Collaborative Fund founder Craig Shapiro told Betabeat this afternoon, on his way to a board meeting. Mr. Shapiro, whose firm has invested in Kickstarter, Simple, TaskRabbit, and Codecademy, was referring to the blanket investment Collaborative Fund just announced–offering $50,000 a piece in all five of the startups to come out of Brooklyn Beta‘s “Summer Camp,” an incubator of sorts.

(Last January, Mr. Milner and Mr. Conway launched the Start Fund to plunk $150,000 into every new Y Combinator startup.) Read More

Fresh Capital

Rap Genius Now Partially Owned By a Republican: Andreessen Horowitz Invests $15 M.

Marc_Andreessen

Rap Genius, the Brooklyn-based site that lets the hive mind take a stab at explaining hip hop lyrics, announced today that they have received $15 million in funding from Andreessen Horowitz. The powerful venture capital firm is run by Netscape founder Marc Andreessen and rap fanatic Ben Horowitz, notorious for starting his business-minded blog posts with a hip-hop epigraph. Read More

Fresh Capital

Lerer Ventures Is Raising $30 M. for Its Third Seed-Stage VC Fund in Two Years

(Photo: via The Pitch)

Roughly a year-and-a-half after closing its second $25 million seed stage fund, Lerer Ventures is in the processing of raising money for a third. An SEC filing, first noted by TechCrunch, says the size of the round is $30 million.

Although the Form D indicates that the early-stage venture capital firm has yet to sell, expect the round to close quickly.

Last May, it only took Lerer Ventures “a matter of weeks” to raise that $25 million from individuals and family offices. And that was before the highly-regarded New York City firm–launched by Huffington Post cofounder (and Betaworks and Buzzfeed chairman) Ken Lerer and his son Ben Lerer, cofounder of Thrillist–boasted a handful of exits.  Read More

Fresh Capital

On the Heels of Three Exits, NYC’s Thrive Capital Raises $150 Million Fund

(Photo: Crunchbase)

Thrive Capital, the New York-based venture capital firm helmed by 26-year-old Josh Kushner*, announced today that it has successfully raised a $150 million fund for early and later stage startups. The news comes almost a year to the day after Thrive announced a $40 million raise from investors like Princeton University. The fresh $150 million comes from a slew of some of the same investors, including Princeton, Wellcome Trust and Hall Capital Partners. Read More

Fresh Capital

Thrillist Raises a $13M. Series A, Looks to Start Snapping Up Media Sites

Mr. Lerer (Photo: Lerer Ventures)

A bit of late-breaking news for your Thursday: All Things D reports that men’s lifestyle brand Thrillist has raised a $13 million Series A, led by Oak Investment Partners.

Joining the funding fun were family outfit Lerer Ventures and Bob Pittman’s Pilot Group. Pilot was the first firm to put money into Thrillist, helping founder Ben Lerer get off the ground back in 2005 with $2 million in seed money. This is the first outside capital they’ve raised since. Read More