All Defy Partners Raises 262 Million Dollar To Close Series A Gap


Defy Partners, a Silicon Valley investment firm that a couple of experienced venture capitalists have launched in 2017, has relied on $ 262 million in its own fund.

The company will lead to investments in A-series founders, offering $ 3 to 10 million depending on the business situation. To provide additional investment to its portfolio companies, Defy has raised a much larger fund than its debut effort, which brought $ 151 million two years ago.

In addition to the new capital, Defy has added two business partners or "Sages" when they call them. By the way, Defy Founders Trae Vassallo and Neil Sequeira tell TechCrunch that their strategy remains the same.

"Hoping for the next round of funding is hopefully something we can help," Sequeira told TechCrunch. “It has always been expected from risk partners, but it is not all, it is a good company that can help you with just money. Sophisticated entrepreneurs know that it is more than just money.

For over 13 years, Sequeira used to be General Manager of General Catalyst before joining Vassallo, who had spent 12 years as a general partner at Kleiner Perkins. Two were known in the valley for high-profile investments such as Bustle and The Honest Company Sequeira and Dropcami and Nest Vassallo.

“At that time I had a common value and vision,” Vassallo told TechCrunch. “What has been so valuable is that we have two different networks. We have found that even though it is a small industry, our different experiences have made us so much more valuable to our entrepreneurs. "

Vassallo and Sequeira say that the increase in seed funds made them understand the need for additional A funds. So they left behind Silicon Valley facilities, which are Kleiner Perkins and General Catalyst, who support early-stage founders and connect to the most intimate level.

“It's really fun to be an entrepreneur again,” said Vassallo, who founded good technology in 2000. “When you are an entrepreneur, you need to figure out what culture you want to build, work together as a team, how you want to grow or not grow as you progress. It's been a fun part. It gives us incredible empathy with the entrepreneurs we work with regularly. "

Defy has used capital to date in a combination of corporate and consumer companies, including Owl, which sells vehicle security cameras; cloud service compliance system Shujinko; and Securly, a tool designed to help children stay safe on their devices.

Brian Lee and Sujal Patel joined Defy earlier this month as part of the new Sage program. Lee founded The Honest Company, ShoeDazzle and LegalZoom, and Patel founded Isilon Systems. A couple who are long-term friends of the company, looking for new investments, taking seats and working with existing portfolio companies.

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