Valor Ventures Holds First Close of Second Fund
Summary
The fund raised just over one third of the planned target capital amount of $25m from LPs including: – Kelly Loeffler, CEO of Bakkt; – Kathryn Petralia, co-founder and President of Kabbage and Drum; and – Lynne Laube, co-founder and COO at Cardlytics. – foundations and family offices; – Tim Crow, former CRHO Home Depot; – David Cummings, serial entrepreneur and founder at Atlanta Tech Village; and – Michael Mansfield of Mansfield Oil. Led by general partner and founder Lisa Calhoun and co-founders Robin Bienfait, former Chief Innovation Officer of Samsung and former CIO of Blackberry, and Sarah O’Brien, former GE M&A and CFO, Carestream Dental, Valor Ventures plans to lead 25-30 seed-stage investments over its four-year investment period. The second investment is in Physican360, an on-demand prescription platform started in Dallas and led by Emory emergency room doctor Angela Fusaro, MD, MBA. Available in 37 states, Physican360 helps patients access treatment for common issues such as strep, flu and anemia.