- Work Life Ventures announced that it exited stealth and announced a $5 million fund for investing in work-focused SaaS startups
Work Life Ventures recently exited stealth and announced a $5 million fund for investing in work-focused SaaS startups, according to Crunchbase. The investors in this fund include Marc Andreessen, Garry Tan, Alexis Ohanian, NFX, Slow Ventures, Zoom CEO Eric S. Yuan, InVision CEO Clark Valberg, Twitch co-founder Kevin Lin, Cameo CEO Steven Galanis, Chris Dixon, and executives at Dropbox and Slack.
The founding partner of the fund Brianne Kimmel told Crunchbase News that it took two weeks to raise the whole fund due to her personal network.
Prior to launching Work Life, Kimmel worked as the head of social media at Expedia and also worked as an instructor at General Assembly and oversaw the development of Zendesk for Startups (representing 3,000 startups and more than 250 incubators).
Work Life is planning to deploy the capital over 30 investments in the next couple of years. And the check sizes will be around $150,000. And Work Life Ventures has already invested in Tandem — which is a Y Combinator-backed virtual office for remote teams. And Work Life also invested in Dover and Command E.