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The NYC Venture Capital Firm News Digest: 6/15/2020

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This bi-weekly column covers the latest news from venture capital firms in NYC for the first half of June 2020 featuring must-know news including news for Torch Capital, two new venture firms, and much more. If you have NYC venture capital firm news to submit for consideration in this column please send to vc@alleywatch.com.

Torch Capital
$13.9M Opportunity Fund Close

Torch Capital, the early-stage consumer-focused fund, has raised $13.9M for an opportunity fund according to a recent SEC filing. The filing indicates that this fund came from fifty LPs. The firm closed its inaugural main fund at $60M fund in 2019. Founded by Jonathan Keidan in 2019, Torch has backed companies that include Ro, Sweetgreen, Acorns, and ZocDoc.
TKS Talk with Shaloo Garg
President, United Nations Women USA
Managing Director, Microsoft for Startups
REGISTER HERE

On June 20th @ 1pm EST, The Knowledge Society (TKS) will be hosting an invite-only talk with Shaloo Garg, Managing Director @ Microsoft! (spoiler, you're invited!) Register here!
Garg is also the President of the United Nations Women in Silicon Valley and Director of Strategy at the Bill & Melinda Gates Foundation.
As always, there is no cost to attend. Here's the link for details and registration.
Vine Ventures
Fund I Filing

Vine Ventures, a newly-formed firm from Eric Reiner of Sinai Ventures, is raising Fund I according to a recent SEC filing. The filing does not indicate a total offering amount. Reiner joined Sinai in 2017 and was previously at Insight Ventures where he sourced Xamarin, Fourth Hospitality, and MyLearningPlan (all exited).
Molecule Ventures
Fund I Filing

Molecule Ventures, a newly-formed entity, has raised $6.1M according to a recent SEC filing. The filing does not list a total offering amount and indicates that this close came from two LPs. Listed as Directors in the filing are Gary Claar (former hedge fund portfolio manager focusing on special situations and shareholder activism; Claar Advisors), Nicholas Kracov, and Nikhil Mittal.
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