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Investments

10

Portfolio Exits

1

About Katrina Lake

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Latest Katrina Lake News

Cambly Raises USD60M in Funding

Jun 8, 2022

Cambly , a San Francisco, CA-based one-on-one video chat app that connects English learners to native English tutors, raised $60m in venture funding. The round was led by Benchmark and Bessemer Venture Partners with participation from Katrina Lake (Founder and Former CEO of Stitch Fix), Nathan Blecharczyk (Co-Founder of Airbnb), Michael Siebel (Partner at Y Combinator), Ryan Petersen (Founder and CEO of Flexport) and Ben Silbermann (Co-Founder and CEO of Pinterest). Thr company intends to use the funds to expand operations and its business reach. Launched in 2014 by Sameer Shariff, CEO, Cambly is a marketplace that matches students who want to learn English with the right English tutor based on a few key factors like occupation, interests, time zone, gender, native language, and personality. Students pay a subscription fee to access service, and tutors are paid for time they spend speaking with students. All language sessions can be accessed directly on desktop or with the mobile app. Cambly is now used in more than 150 countries. The company is headquartered in San Francisco with teams in Rio de Janeiro (Brazil), Istanbul (Turkey), Riyadh (Saudi Arabia), Shanghai (China), Seoul (Korea), Tokyo (Japan), Bangalore (India), Berlin (Germany), and Paris (France). FinSMEs 08/06/2022

Katrina Lake Investments

10 Investments

Katrina Lake has made 10 investments. Their latest investment was in Cambly as part of their Series C on June 6, 2022.

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Katrina Lake Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/9/2022

Series C

Cambly

$60M

Yes

1

4/12/2022

Series B

Studio

$50M

Yes

2

2/23/2022

Series A

CoProcure

$22M

Yes

3

11/9/2021

Seed VC

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$99M

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10

9/2/2021

Series C

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$99M

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10

Date

6/9/2022

4/12/2022

2/23/2022

11/9/2021

9/2/2021

Round

Series C

Series B

Series A

Seed VC

Series C

Company

Cambly

Studio

CoProcure

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Amount

$60M

$50M

$22M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

3

10

10

Katrina Lake Portfolio Exits

1 Portfolio Exit

Katrina Lake has 1 portfolio exit. Their latest portfolio exit was Natalist on October 21, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/21/2021

Acquired

$99M

4

Date

10/21/2021

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

4

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