Title

Craft Ventures Closes 43% More Cash With $500M Fund II

This week Craft Ventures, best known for its founding member David Sacks (PayPal, Yammer, Zenefits), closed a second, larger fund.

Crunchbase News has noticed a regular trend amongst investing groups in recent quarters of raising new, larger funds.

The current, competitive private capital market is driving valuations up, forcing funds to raise more money or get priced out of deals.

Crunchbase News recently covered the launch of M13’s new fund, and a $110 million investing pool aimed at clean energy.

That Craft Ventures raised a second fund so quickly isn’t a surprise when we examine its activity numbers.

Full Article