Soho-based StarVest Partners doesn’t do a lot of self-promotion–co-founder Jeanne Sullivan protects her tweets!–so we sometimes forget that the fund has $400 million under management and invests in a significant number of New York-based internet start-ups. But the fund, headed by three female and one male partner and tends to focus on women-led ventures, issued a press release today to remind everyone that it’s doing pretty well for itself.
StarVest raised their second fund in 2009, a $244 million pool that was oversubscribed. They’ve made 11 investments to date, the latest being a follow-on financing in April in New York-based fashion site ideeli’s $41 million Series C, formally announced today.
The fund has had several exits including Fieldglass, which sold for more than five times the capital it raised; iCrossing, which was sold to Hearst to become central to the publisher’s digital media strategy; and Insurance.com, which could probably sell its domain name for a tidy profit but instead sold a portion of its assets to Quinn Street and “continues to monetize its book of insurance policies in force.”
MessageOne was acquired by Dell in 2008; NetSuite, which joins Pandora in the single letter ticker club with NYSE: N, went public in 2007; and Connected was acquired by Iron Mountain in 2004.