Paul Judge And Marcelo Claure Acquire Property From SoftBank In Clare Market

ACQUISITION IMAGE: Marcelo Claure & Paul Judge DATE: 12/19/2023 BUYER: Paul Judge & Marcelo Claure SELLER: SoftBank SALE PRICE: $250,000,000 NOTE: SoftBank is divesting its Open Opportunity Fund, with chairman and managing partner Paul Judge and Marcelo Claure, the fund’s vice chairman and general partner, set to acquire it. Judge and Claure will take ownership of the $100 million Open Opportunity Fund 1, the $150 million Fund 2, and the entire portfolio, with Fund 2 increasing its target to $200 million. Claure, who was SoftBank’s COO until 2022, is returning to work with the fund, emphasizing the move towards diverse representation in the venture capital ecosystem. Fund 1, deployed under Claure's leadership, invested $100 million in 75 Black and Latino companies, achieving seven exits and 46 follow-on rounds. The rebranded Fund 2 aims to invest in 50 pre-seed to growth-stage companies in various sectors, prioritizing diversity in the tech ecosystem. SoftBank will continue its involvement as an LP in Fund 2. SoftBank HQ: #Tokyo #Japan #VentureCapital #MarceloClaure #PaulJudge #SoftBank #TradedVC

More Deals

View All

Zenity Secures $125 Million In Series C Funding Led By Norwest And Multiple InvestorsZenity, a Tel Aviv, Israel-based provider of an AI security and governance platform for AI agents, raised $125 million in Series C financing led by Norwest, with participation from Qumra Capital, SoftBank Vision Fund 2, Hitachi Ventures, LG Technology Ventures, Vertex Ventures, Third Point Ventures, DTCP, and Intel Capital. Co-founded by CEO Ben Kliger and CTO Michael Bargury, the company will use the new funding to accelerate platform innovation, expand Zenity Labs, grow its presence across Europe and Asia Pacific, and meet rising enterprise demand for AI agent security. FOUNDERS: Ben Kliger & Michael Bargury INVESTORS: Norwest, Qumra Capital, SoftBank Vision Fund 2, Hitachi Ventures, LG Technology Ventures, Vertex Ventures, Third Point Ventures, DTCP & Intel Capital ROUND: Series C AMOUNT: $125,000,000 HQ: Tel Aviv, Israel #VentureCapital #Zenity #BenKliger #MichaelBargury #TradedVC

Horizon3 Raises $250 Million In Series E Round Led By NightDragon And NEAHorizon3, a San Francisco-based cybersecurity startup, raised $250 million in a Series E round at a valuation exceeding $2 billion, bringing its total funding to $428.5 million. The round was co-led by NightDragon and NEA, with participation from Acrew Capital, Blue Cloud Ventures, Demeter Group, EDBI, PSG, SAIC, Sapphire Ventures, Craft Ventures, Prosperity7 Ventures, Qualcomm Ventures, Ridge Ventures, SignalFire, and others, and the company said it will use the proceeds to expand globally and scale its AI-native security platform NodeZero; CEO Snehal Antani said the company is also investing in autonomous AI agents that can remediate vulnerabilities alongside its offensive security capabilities. FOUNDERS: Snehal Antani & Anthony Pillitiere INVESTORS: NightDragon, NEA, Acrew Capital, Blue Cloud Ventures, Demeter Group, EDBI, PSG, SAIC, Sapphire Ventures, Craft Ventures, Prosperity7 Ventures, Qualcomm Ventures & Ridge Ventures, SignalFire ROUND: Series E AMOUNT: $250,000,000 VALUATION: $2,000,000,000 HQ: San Francisco, California #VentureCapital #Horizon3 #SnehalAntani #AnthonyPillitiere #TradedVC

Base Power Raises $1 Billion Series D Round Led By Addition And CapitalG At $13 Billion ValuationBase Power, the Austin-based home battery startup co-founded by Zach Dell, raised a $1 billion Series D round at a $13 billion valuation, bringing its total funding to more than $2.5 billion. The company also launched its U.S.-made Base Core home battery and is expanding its virtual power plant model, which aggregates residential batteries to support the grid as it targets growth beyond Texas. FOUNDERS: Zach Dell & Justin Lopas INVESTORS: Addition, CapitalG, Ribbit Capital & Thrive Capital ROUND: Series D AMOUNT: $1,000,000,000 VALUATION: $13,000,000,000 HQ: Austin, Texas #VentureCapital #BasePower #ZachDell #JustinLopas #TradedVC