Posts tagged Work
Better Ventures Closes $21M for Fund II and Backs Werk

We are thrilled to announce our pre-seed investment in Werk, a New York-based startup that is building a marketplace of flexible work opportunities for women. The company raised $1M in the round with participation from seed-stage venture firms Precursor Ventures, Montage Ventures, Halogen Ventures, and Social Starts. Werk will use the capital to build out the product offering and grow their pool of job seekers within their membership-based model. The company fits nicely within our Opportunity investment theme (sub-theme: Future of Work), and we are bullish on their ability to unlock the immense latent potential of retaining more women in the workforce.

In other news, we are excited to report that we held a final close on Better Ventures Fund II just before the holidays! We finished up the raise with total commitments of $21M and brought on Prudential as a new institutional investor. TechCrunch covered the closing today. We've been busy putting that capital to work, as Werk represents our 11th investment in the fund, with two more deals on the docket we'll be announcing soon. As we look to augment our capacity to sustain the growth of our portfolio, we're hiring an Operations and Community Manager, and we'd love your help in identifying candidates. You can view the posting here, and please note that we're asking applicants to apply via a referral to one of us.

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Better Ventures Leads Seed Round in Localwise

We are pleased to announce our seed investment in Localwise, a Berkeley-based startup that connects local businesses with local workers. The company is building a technology-driven employment marketplace that is based on trust, which is a missing component in many of the leading jobs platforms including Craiglist. Localwise's DNA is local, and they are combining their local focus with social features such as employee references to build a better jobs platform that is a delight to use and results in better hiring outcomes. The company offers tiered pricing models for employers depending on size and hiring needs. Better Ventures led Localwise's seed round, with participation from Bee Partners and a number of angel investors. 

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