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FinTech news in Andrew Van Nest category

Artisanal Ventures newest $62M fund bets on connected capital approach

Among the portfolio of companies, the firm has invested in email security company Abnormal Security, which raised $50 million back in 2020; biotech software developer Benchling, which raised $100 million in Series F funding last November; and Transmit Security, which took in a $543 million Series A last year on a pre-money valuation of $2.2 billion to rid the world of passwords. Artisanal Ventures, a Bay Area venture capital firm investing in B2B cloud startups, closed on its first fund, the oversubscribed $62 million Artisanal Ventures I. Cloud is the big buzzword these days, with people talking about why it a smart move for companies, and lots of venture-backed startups developing easy ways for companies to make the shift. That includes combining the expertise of the firm’s limited partners with Artisanal Talent’s executive search capabilities to help portfolio companies build best-in-class teams.