The LA Venture Capital News Digest: 1/15/19
Jan 16, 2019
This bi-weekly column covers the latest news from venture capital firms in LA for the first half of January 2019 featuring must know news including news for Bailey Capital, Arcadian Fund, and more
If you have LA venture capital firm news to submit for consideration in this column please send to email@example.com. $3.15M - Fund I First Close
According to a recent SEC filing, Beverly Hills-based cannabis-focused investment fund Arcadian, has held its first close for its inaugural fund with $3.15M in commitments. The filing indicates that the total offering is for $50M and lists Matthew J. Nordgren as the GP. Arcadian Fund has invested in companies such as Wurk, Treez, Quanta, Flowhub, and Baker. Bailey Capital
$20.9M - Fund II
According to a recent SEC filing, Santa Monica-based Bailey Capital, another cannabis-focused fund, has closed Fund II with $20.9M in funding that came from forty-three investors. Zachary Carpenter is listed as the GP in the filing and there were eighteen participants in this close.