Thursday, February 9, 2017
Greycroft Partners Raises $250M In New Growth Fund
Greycroft Partners, one of the more active investors in Los Angeles technology startups, announced on Thursday that it has raised $250M in a new, growth equity fund. The fund, Greycroft Growth II, will be focused on expansion rounds for the company's existing, early stage venture funds, along with new investments not previously in its portfolio, according to the firm. Greycroft says that it has promoted Dylan Pearce to Partner along with the new fund; Greycroft's existing partners are Alan Patricof, Dana Settle, Ian Sigalow, John Elton, Mark Terbeek, and Ellie Wheeler. Greycroft has offices in both Los Angeles and New York. Greycroft says its Greycroft Growth funds have invested in 14 companies, including LA's Scopely and Thrive Market, among others. The firm has a stake in a who's who of Southern California startups, and in the last six months has invested in such local startups Comparably, Hollar, DataScience, LumaTax, Sensay, among others, via its early stage funds.