Le Lézard
Classified in: Business
Subject: VEN

M13 Raises Over $175M For Venture Capital Fund To Invest In Emerging Consumer Technology Companies


LOS ANGELES, Oct. 15, 2019 /PRNewswire/ -- M13, a venture engine built by and for entrepreneurs, is pleased to announce the close of its $175M fund. Oversubscribed with an original target of $150M, M13's Fund II will prioritize Seed and Series A with select Series B+ rounds in emerging consumer technology companies.

M13 is evolving the traditional venture model by supporting entrepreneurs with both funding and operational expertise. Founded in 2016 with offices in Los Angeles, New York and San Francisco, M13 executes a "founders first" approach with a team of experienced operators to help build and scale consumer technology companies.

"As former founders and operators, all of us at M13 have the experience and empathy to support our founding teams throughout their entire journey," said M13 co-founder and partner Carter Reum. "M13 has already demonstrated success in deploying our investors' capital into what are now household names, and we look forward to continuing our investment strategy with Fund II. Fund II will allow M13 to take meaningful ownership stakes in compelling companies and grow them in future rounds."

With more than 80 direct investments and 16 exits, M13's prior investments total over $137B in enterprise value and includes Lyft, Pinterest, Ring, Daily Harvest, FabFitFun, Rothy's and others. Fund II will build on M13's expertise in consumer behavior and the intersection of emerging technology and key sectors such as health, transportation, food, housing and personal finance. Recent investments include Capsule, Coinmine, Doorstead, Emerge and Tarform.

"M13's goal is to capture how consumer behavior will change over the next decade and invest into that change with both our capital as well as hands-on support and expertise relevant to our founders," said M13 General Partner Latif Peracha.

M13 investor and Virgin Group founder Sir Richard Branson said, "I'm glad to be an investor in M13. I have followed co-founders Carter and Courtney Reum for many years. Now they have added General Partner Latif Peracha, who worked on Virgin's US companies and looked after my US venture investments for the last seven years. M13 already has a strong track record in consumer tech and made its strength guiding entrepreneurs in a practical way. I'm excited to see how their portfolio grows."

About M13
M13 is a venture engine whose founding teams access the necessary capital, expertise and resources to build and scale consumer technology companies. Founded in 2016 with offices in Los Angeles, New York and San Francisco, M13's portfolio includes Lyft, Pinterest, Ring, Daily Harvest, FabFitFun, Rothy's and others. Through Fund II, M13 will expand its focus to emerging technologies driving change in consumer behavior over the next decade. With more than 80 direct investments and 16 exits, M13's portfolio totals over $137B in enterprise value. For more information on M13, please visit www.m13.co.

Media Contact

Jessica Velarde
DKC News
M13@dkcnews.com          
(415) 549 8427

SOURCE M13


These press releases may also interest you

at 22:00
The Annual General Meeting (AGM) of Vietnam International Bank (VIB) was held on June 30, 2020 in HoChiMinh City. All the reports and proposals of Board of Directors (BOD), control board (CB), including proposal about bonus shares and raising capital...

at 21:59
Riiid, a member company of the Born2Global Centre, could not be coming to America at a better time, as artificial intelligence transforms the global education landscape in 2020. Riiid Labs is the global arm of parent company Riiid and has been...

at 20:49
The Pan-American Prosperity Institute (PPI) is a non-profit organization that seeks to foster a closer relationship among countries in the American continent. With this intent, PPI would like to publish a letter from Mr. Luiz Philippe Braganca about...

at 20:23
The Republic of Argentina (the "Republic") today announced its decision to improve the terms and conditions of the Republic's invitation to certain holders of its foreign currency external bonds to exchange those instruments for new bonds to be...

at 20:00
Euro  Manganese Inc.  (the "Company" or "EMN") is pleased to announce a private...

at 20:00
Air Products , a world leader in industrial gases megaproject development, and thyssenkrupp Uhde Chlorine Engineers, the world leader in technologies and comprehensive solutions for large-scale electrolysis plants, today announced the signing of a...



News published on 15 october 2019 at 09:15 and distributed by: