Rosie Bradbury

New York

Venture Capital Reporter at PitchBook

reporter @PitchBook covering VC + startups / work in @WIRED @TIME @verge @businessinsider / DM for Signal 📩 [email protected] / she/her

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Articles

The House Fund raises $12M fund in 7 days to boost UC Berkeley AI research

1 week ago | pitchbook.com | Rosie Bradbury

The House Fund, a venture firm focused on UC Berkeley-affiliated startups, raised $12 million in a single week to fund spinouts from the university’s AI lab, it shared with PitchBook exclusively. The new fund is an effort to be a stop-gap as universities, including UC Berkeley, face federal funding cuts to research in the hundreds of millions of dollars.
Want to raise a new venture capital fund? That 10-year IRR better be in the double digits

1 week ago | pitchbook.com | Rosie Bradbury

VCs planning to raise a new fund in 2025 have a much better shot if their long-horizon IRR is in the double digits, according to new findings in the Q1 2025 PitchBook-NVCA Venture Monitor. Venture GPs that have raised a new fund since 2021 had an average 10-year IRR of 14.4%. Among the managers that haven’t raised a new fund, their average IRR was just 4.6% annualized over 10 years.
Federal R&D funding cuts could destroy a source of lab-grown unicorn startups

3 weeks ago | pitchbook.com | Rosie Bradbury

Suspension of federal funding to universities— and to the agencies that sustain their research— risks cutting off a significant source of startup formation. For industries like biotech, quantum computing, and life sciences, university labs are a major pathway for new founders to create startup ideas and build products using non-dilutive funding.
Pet food company The Farmer's Dog brings in profits and more than $1B in annualized revenue

1 month ago | pitchbook.com | Rosie Bradbury

Mail-order subscription boxes are a notoriously tough business, but one under-the-radar brand just blew past the $1 billion mark in annualized revenue. The Farmer’s Dog, a company making personalized, fresh dog food, is taking home over $10 million in monthly profits after years of running at a loss, according to a person familiar with the business. It is one of the most successful direct-to-consumer companies currently operating.
Rippling's lawsuit against Deel could play out in several ways

1 month ago | pitchbook.com | Rosie Bradbury

Rippling’s accusations of corporate espionage against rival Deel set the business software world on fire this week. Rippling alleged in a legal complaint on Monday that a mole for Deel stole information on its sales pipeline, pricing proposals and key personnel. The alleged spy was subsequently identified in an Irish legal filing as Keith O’Brien, a payroll compliance manager for Rippling.
Tech M&A bankers are dragging through their slowest winter in a decade

1 month ago | pitchbook.com | Rosie Bradbury

The Trump administration passed its 50-day mark this week, and any prior hope of a post-inauguration dealmaking boom now just looks like wishful thinking. Strategic M&A has gotten off to an excruciatingly slow start: US M&A volumes in January were the lowest they’ve been in 10 years, and February wasn’t rosy either. Corporates are handcuffed by antitrust policing, price mismatches and market turmoil.
Venture capital's growing pains, AI take center stage at Upfront Summit in L.A.

1 month ago | pitchbook.com | Rosie Bradbury |Kia Kokalitcheva

Upfront Ventures’ annual industry confab in Los Angeles has long done its best to bring VCs and limited partners together, but this year the eagerness from general partners was palpable at the cavernous Intuit Dome in Inglewood. The state of the venture market permeated virtually every discussion, both on and off the stage, as both groups of investors expressed a mix of optimism and sober reality checks.
Kindred Ventures' Steve Jang sees a future for AI wearables despite Humane pin flop

1 month ago | pitchbook.com | Rosie Bradbury

Humane, the once-buzzy maker of a wearable AI pin designed to be the future of personal tech, saw its story end in a sale to HP at a fraction of its valuation peak. The pin itself is now discontinued. But Kindred Ventures managing partner Steve Jang, one of Humane’s biggest backers, doesn’t seem put off by the lackluster exit. He still sees mainstream consumer applications of AI as the biggest investment opportunity this year.
Footwork Ventures raises $225M for its second fund

1 month ago | pitchbook.com | Rosie Bradbury

Footwork, an early-stage venture firm focused on consumer tech, has raised $225 million for its second fund, according to a regulatory filing. The firm, which debuted in 2021 with a $175 million fund, is led by Mike Smith, a former Walmart exec and ex-COO of Stitch Fix, and Nikhil Basu Trivedi, former managing director at Shasta Ventures.
Redpoint-led round values longevity startup Function Health at $2.5B

2 months ago | pitchbook.com | Rosie Bradbury

Rodin Eckenroth/Getty Images Redpoint Ventures is leading a new funding round in Function Health, a personalized lab testing startup, at a $2.5 billion post-money valuation, according to two people familiar with the deal. The cash injection comes amid VCs’ growing interest in “longevity tech,” with more startups offering personalized preventative testing in the quest to extend human lifespans.