Maureen Waters, Monica O’Neill, Michelle Chao and Ella Seitz help their firms raise new funds

From our Women's PE Briefs - week commencing June 21, 2021

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Maureen Waters and Monica O’Neill help MetaProp raise a $100M real estate technology seed fund

MetaProp, whose leadership team includes partners Maureen Waters and Monica O’Neill, closes a new fund. The New York venture firm raised $100 million for its third real estate technology seed fund – a sizable increase over its $40 million second fund that closed in 2018.

Maureen focuses on extending MetaProp’s global reach and in-house capabilities with strategic partners and portfolio companies. She also helps limited partners build out their proptech ecosystems and oversees MetaProp’s marketing.

Monica joined MetaProp last month to build the firm’s new institutional client program. In her role, she oversees investor relations for North and South American, European, and Asian endowments, foundations, pension funds, sovereign wealth funds and insurance companies. Monica’s background includes heading investor relations for AEW and Tristan Capital Partners.

Founded in 2015, MetaProp has invested in more than 130 early-stage technology companies.

Katie Haun to co-lead Andreessen Horowitz’s new $2.2B crypto-focused fund that Arianna Simpson will help deploy

Andreessen Horowitz raises its third crypto-focused fund – a fund that will be co-led by Katie Haun and whose investment team includes Arianna Simpson. In a blog post, Katie and the fund’s co-heads, Chris Dixon, and Ali Yahya, said the firm raised $2.2 billion – a significant increase over the $515 million second fund that it closed last year and the debut $350 million fund it closed in 2018.

In the blog post, Katie, Chris and Ali said they believe “the next wave of computing innovation will be driven by crypto” and that they are “radically optimistic about crypto’s potential to restore trust and enable new kinds of governance where communities collectively make important decisions about how networks evolve, what behaviors are permitted, and how economic benefits are distributed.” The fund will seek to invest in such areas as next-generation payments, modern store of value, decentralized finance, Web 3 and new ways for creators to monetize.

With the new fund, the unit brought aboard Rachael Horwitz as an operating partner to lead marketing and communications. Katie joined a16z in 2018 as its first female partner while Arianna joined last year as a partner.

A portfolio company of Katie’s, Coinbase Global, went public earlier this year through a direct listing on Nasdaq. She is also on the board of HackerOne and along with Arianna recently invested in Goldfinch, a decentralized protocol enabling crypto borrowing without crypto collateral.

You can read the entire blog here.

Michelle Chao helps Bertram Capital raise a new $940M fund

Bertram Capital, whose investor relations activities are headed by Michelle Chao, raises a new fund. The Foster City, Calif. private equity firm closed its fourth fund at $940 million – nearly twice as large as its $500 million third fund that closed in 2018. It now has $2.2 million under management. Founded in 2006, Bertram invests in companies with a minimum of $20 million in revenue and $5 million of EBITDA across sectors.

The firm has no women on its investment team. Michelle, a senior vice president, has been with Bertram since 2008. She also focuses on sourcing and evaluating investment opportunities and managing Bertram’s intermediary relationships in the western half of the United States and Canada.

Ella Seitz helps Esplanade HealthTech Ventures close its inaugural fund

Esplanade HealthTech Ventures, whose leadership team includes partner Ella Seitz, closes its inaugural fund. The Montreal-based, digital health-focused firm secured commitments that it said totaled more than 25 million Canadian.

Esplanade seeks to make seed to Series A investments in companies located in the United States, Canada, Europe and Israel that serve the global health care market. The firm has used the fund to back 13 companies, including, BrainBox AI, Cleerly and Lumen.

Prior to joining Esplanade, Ella was a vice president at McKesson Corp.

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