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The NYC Venture Capital News Digest: 12/2/2019

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This bi-weekly column covers the latest news from venture capital firms in NYC for the second half of November 2019 featuring must know news including news for Harlem Capital Partners, CityRock Venture Partners, and much more. If you have NYC venture capital firm news to submit for consideration in this column please send to vc@alleywatch.com.

Harlem Capital Partners
$40.3M - Fund I Close
Harlem Capital Partners, the diversity-focused early-stage investment firm, has closed its first fund at $40.3M. The funding comes from fifty-five LPs that include TPG, State of Michigan Retirement Systems, Vanderbilt University, the Harry and Jeanette Weinberg Foundation, W.K. Kellogg Foundation, Consumer Technology Association, and Dorm Room Fund. Names in the Harlem Capital Partners portfolio include Jobble, Wagmo, and Aunt Flow. Harlem Capital Partners was founded by Henri Pierre-Jacques and Jarrid Tingle in 2015.
CityRock Venture Partners
$8.05M - Fund I First Close
CityRock Venture Partners has held its first close for its fund at $8.05M according to a recent SEC filing. The filing indicates that the total offering amount is for $50M and that this close came from sixteen LPs. CityRock Venture Partners was founded by Eric Hatzimemos, Laura Hovas, and Oliver Libby in 2018 and is an offshoot of the strategy venture firm Hatzimemos / Libby.
Primary Venture Partners
Executive Moves
Our friends at Primary Venture Partners announced some moves within the team. Steve Schlafman, who joined the firm in the summer of 2018, is leaving his full time role as a Partner to focus on coaching and full time investing through his new angel fund. Schlafman will continue to serve as a Board Partner at Primary.
Also, the Primary team welcomes Curtis Lee (Zynga, Google, Groupon) as a full-time Venture Partner and Cassie Young (CM Group and Sailthru) as an Operating Partner.

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