Seit Garry Tan letztes Jahr CEO von Y Combinator wurde, gab es Veränderungen.

Im vergangenen März reduzierte Tan seine Spätphaseninvestitionen, entließ 17 Investoren und verkleinerte die Größe der YC-Chargen. Weniger bekannt ist, dass der Startup-Accelerator auch seinen Hauptsitz verlegt hat. Nachdem Y Combinator 17 Jahre lang von Mountain View aus operiert hatte, verlagerte es seine Geschäftstätigkeit nach Norden in das Dogpatch-Viertel in San Francisco und zum Pier 70, wie aus von Fortune überprüften und von Y Combinator bestätigten Stadtakten hervorgeht.

In einem Interview sagte Garry Tan, CEO von Y Combinator, es sei ihm wichtig, dass YC so nah wie möglich an der Spitze der Innovation im Bereich der künstlichen Intelligenz sei (OpenAI und Anthropic sowie „viele der Top-Talente“ im Bereich der künstlichen Intelligenz sind in San Francisco). versus Silicon Valley, sagt er). Ganz zu schweigen davon, dass die Mehrheit der Y Combinator-Partner, darunter auch er selbst, in San Francisco leben, fügt er hinzu.

Heutzutage „muss man irgendwie in San Francisco sein“, sagt Tan und weist auf die Bedeutung der versehentlichen Begegnungen hin, die passieren, wenn Menschen unterwegs sind. „Die Chancen stehen gut, dass die Menschen um Sie herum über Technologie nachdenken und darüber sprechen, insbesondere über KI. Das ist wirklich etwas Besonderes“, sagt Tan. Er wies auch darauf hin, dass YC-Daten zeigen, dass Startups, die in San Francisco gegründet wurden, eine größere Erfolgsaussicht hätten als ihre Konkurrenten.

Der Umzug von Mountain View, der im Frühjahr erfolgte, kurz bevor YC seine Sommer-Startups begrüßte, ist auch Teil der umfassenderen Bemühungen von Y Combinator, sein Programm nach der COVID-19-Krise wieder auf ein vollständig persönliches Programm umzustellen. Y Combinator begann damit im Sommer 2022, obwohl die Demo-Tage noch in weiter Ferne liegen. (YC sagt, dass der nächste Demo-Tag teilweise persönlich am Pier 70 stattfinden wird, die Präsentationen werden jedoch weiterhin online stattfinden.)

Tan möchte die Gründer nicht nur zurück in die Bay Area: Er möchte, dass sie ganz in ihrer Nähe sind. Der CEO von Y Combinator sagt, dass der Accelerator Gründer in hohem Maße dazu ermutigt, Plätze im Dogpatch oder Potrero Hill oder zumindest in der Nähe zu bekommen. „Ich denke, es wird wirklich gut sein, dass die Leute wissen, dass sie fußläufig voneinander entfernt sind, und ich denke, dass die Verbindungen zwischen den Gründern viel stärker sein werden“, sagte er und merkte an, dass er auf einen Anstieg von Y Combinator hofft Seine Scheckhöhe von 125.000 US-Dollar auf 500.000 US-Dollar im Jahr 2022 wird Gründern helfen, sich die hohe Miete leisten zu können.

Die Veränderungen kommen, da Tan sich immer stärker in die Politik von San Francisco einmischt: Er spendet für Kommunalwahlen, veranstaltet Versammlungen und natürlich postet er in den sozialen Medien immer wieder Beiträge über das, was er als „San Franciscos korrupte politische Maschine“ bezeichnet.

Tan ist nicht der Typ, der hart zuschlägt: „Ich bin bereit, dass er sein öffentliches Amt aufgibt“, sagt er über Dean Preston, einen Supervisor aus San Francisco, der sich zur Wiederwahl stellt. „Er hat sicherlich nicht den Bedürfnissen der Technik entsprochen. Andererseits glaube ich nicht einmal, dass das der Grund ist, ihn loszuwerden. Sein Hass auf Technologie vertuscht all die Dinge, die dazu führen, dass San Francisco seiner Verantwortung gegenüber den Bürgern aller Klassen so nachgibt.“ (In einer Erklärung sagte Vorgesetzter Preston, er sei stolz auf seine Erfolgsbilanz im „Kampf für Mieter, bezahlbaren Wohnraum, Gewerkschaften, Ernährungssicherheit und ein gerechtes San Francisco“ und sagte, dass einige seiner stärksten Unterstützer Menschen seien, die in der Technologiebranche arbeiteten.)

Während Tan der aktuellen politischen Führung in San Francisco in typischer Silicon-Valley-Manier sehr kritisch gegenüberstehen mag, sagt er, er sei optimistisch für die kommenden Jahre, insbesondere angesichts der bevorstehenden Wahlen im März und November. Und er sagt, dass er gerade jetzt persönlich miterlebt hat, wie die Tech-Community zusammenkommt: „Wir kommen zusammen.“ Wir organisieren. Wir schaffen tatsächlich unsere eigenen Medien“, sagte er. „Wenn man zum Abendessen geht, ist das eines der Dinge, über die wir heute reden, und wie vor zwei, drei Jahren in der Technik glaube ich nicht, dass wir das getan haben.“

Ich fragte, ob Tan jemals darüber nachdenken würde, selbst für ein Amt zu kandidieren.

„Vielleicht in 20 Jahren“, sagte er mir und fügte später hinzu: „Andererseits sagte meine Frau, dass sie sich von mir scheiden lassen würde, wenn ich für das Amt des Bürgermeisters kandidiere, also denke ich nicht, dass dies so schnell der Fall ist.“

Weitere Einhorn-Neuigkeiten…Discord hat 17 % seiner Belegschaft entlassen – 170 Personen, laut einem Memo, das CEO Jason Citron an die Belegschaft geschickt hat und das The Verge eingesehen hat. Die Ankündigung erfolgte gestern. „Wir müssen uns einigen harten Wahrheiten stellen“, schrieb Citron laut The Verge in dem Memo. „Wir sind schnell gewachsen und haben unsere Belegschaft noch schneller erweitert, seit 2020 um das Fünffache. Infolgedessen haben wir mehr Projekte übernommen und unsere Arbeitsweise wurde weniger effizient.“

Ein wichtiger Programmierhinweis…Angesichts der ständig wechselnden Emotionen wollte ich den Lesern mitteilen, dass ich ab Ende dieses Monats kein Term Sheet mehr schreiben werde. Keine Sorge: Ich verlasse Fortune nicht – ich schwanke nur in eine neue Rolle, in der ich außerhalb dieses Newsletters weitere Risikokapital- und Startup-Features, Scoops und Untersuchungen für unseren Tech Desk schreiben werde (obwohl ich mir einige meiner… Die Arbeiten werden hier immer noch von Zeit zu Zeit vorgestellt!). Ich habe das Glück, Sie in den überaus kompetenten Händen von Allie Garfinkle abgeben zu dürfen, die Sie diese Woche bereits kennengelernt haben. Sie ist sachkundig, neugierig, unerbittlich und eine absolute Freude. Wir haben das Glück, sie hier zu haben, und Sie auch. Keine Sorge: Ich werde noch nicht ganz sentimental. Du bleibst noch zwei Wochen bei mir.

Bitte beachten Sie, dass Term Sheet aufgrund des Martin-Luther-King-Jr.-Tages am Montag frei hat. Wir werden am Dienstag wieder in Ihren Posteingängen sein.

Bis dann,

Jessica Mathews
Twitter: @jessicakmathews
Email: jessica.mathews@fortune.com
Reichen Sie ein Angebot für den Term Sheet-Newsletter ein Hier.

Joe Abrams hat den Bereich „Angebote“ des heutigen Newsletters kuratiert.

VENTURE-ANGEBOTE

– Zweites Abendessenein in Irvine, Kalifornien, ansässiges Spieleentwicklungsstudio, hat 100 Millionen US-Dollar im Rahmen einer Serie-B-Finanzierung eingesammelt. Griffin Gaming-Partner führte die Runde an und wurde von anderen begleitet.

– 1Xein in Moss, Norwegen, ansässiger Entwickler von Androiden, die für die Zusammenarbeit mit Menschen in verschiedenen Bereichen konzipiert sind, hat 100 Millionen US-Dollar im Rahmen einer Serie-B-Finanzierung eingesammelt EQT-Investoren und andere.

– hyperexponentielleine in London (Großbritannien) ansässige Informationsplattform für Preisentscheidungen für Versicherer, hat eine Serie-B-Finanzierung in Höhe von 73 Millionen US-Dollar eingesammelt. Batterieunternehmen führte die Runde an und schloss sich an a16z und bestehender Investor Hochland Europa.

– Übermondeine in San Francisco ansässige Plattform für Ferienvermietung, hat eine Anschubfinanzierung in Höhe von 10 Millionen US-Dollar eingeworben NFX, Khosla Ventures, Camber Creek, 1 Sharpe, Sunsar-Hauptstadtund andere.

– Schwankeneine in Los Angeles, Kalifornien, ansässige kundenorientierte Liefer- und Retourenplattform für Einzelhändler, hat 19,5 Millionen US-Dollar im Rahmen einer Serie-A-Finanzierung eingesammelt. 7GC führte die Runde an und schloss sich an Blackhorn Ventures, Lightshed Ventures, Aufstieg der Restrevolutionund andere.

– erntenein in New York City ansässiger Anbieter von Technologie zur Schadensbearbeitung und Policenverwaltung für die Versicherungsbranche, hat eine Startfinanzierung in Höhe von 3,2 Millionen US-Dollar eingesammelt. Motiv Ventures führte die Runde an und schloss sich an Tokio Marine Future Fund.

PRIVATE EQUITY

– Edison-Partner eine Mehrheitsbeteiligung erworben 120Wasserein Wassermanagement- und Testsystem mit Sitz in Zionsville, Indiana, für 43 Millionen US-Dollar.

– Gruppe für Erscheinungstechnologieein Portfoliounternehmen von MPE-Partnererworben P&S Detailprodukte, ein in Hayward, Kalifornien, ansässiger Designer und Hersteller von Marken-Verbrauchsflüssigkeitschemikalien für die Autopflege. Finanzielle Einzelheiten wurden nicht bekannt gegeben.

– Erster Einblickunterstützt von Partner aktualisierenerworben SnapRetail, ein in Pittsburgh, Pennsylvania, ansässiger Entwickler von E-Mail-Marketing- und Social-Media-Kampagnensoftware für Einzelhändler. Finanzielle Einzelheiten wurden nicht bekannt gegeben.

– Purpurner Phönixunterstützt von Godspeed Capitalerworben Cyberspace-Lösungen, ein in Herndon, Virginia, ansässiger Anbieter von Analyse- und Cyberlösungen für US-Geheimdienste und Verteidigungspartner. Finanzielle Einzelheiten wurden nicht bekannt gegeben.

– JMI Equity eine Minderheitsbeteiligung erworben Sichere Software, eine in Surrey, BC, ansässige Unternehmensintegrationsplattform. Finanzielle Einzelheiten wurden nicht bekannt gegeben.

– Riskonnectunterstützt von TA Associateserworben Ventiv-Technologie, ein in Atlanta, Georgia, ansässiger Anbieter von Risiko-, Versicherungs- und Underwriting-Technologielösungen. Finanzielle Einzelheiten wurden nicht bekannt gegeben.

– Rauchunterstützt von Pavillon-Hauptstadtstimmte dem Erwerb zu AfterSell, eine in Vancouver, Kanada, ansässige App, die E-Commerce-Händlern beim Upselling ihrer Produkte helfen soll. Finanzielle Einzelheiten wurden nicht bekannt gegeben.

– Transtar Holdinggesellschaftunterstützt von Blue Point Capital Partnerserworben Arch Autoteile, ein in Hollis, NY ansässiger Autoteileanbieter. Finanzielle Einzelheiten wurden nicht bekannt gegeben.

AUSGÄNGE

– Patrick Industries dem Erwerb zugestimmt Sportein in Elk River, Minnesota, ansässiger Hersteller von Kabinenkomponenten und -systemen für die Endmärkte Powersport, Golf und Rasen, Industrie und Landwirtschaft Monomoy Capital Partners.

ANDERE

– Hightower-Berater erworben Capital Management Group aus New York, ein in Pearl River, NY, ansässiges Vermögensverwaltungs- und Finanzplanungsunternehmen. Finanzielle Einzelheiten wurden nicht bekannt gegeben.

– Maersk-Tanker erworben Penfield Marine, ein Tankerbetreiber mit Sitz in Southport, Connecticut. Finanzielle Einzelheiten wurden nicht bekannt gegeben.

IPOS

– Smith Douglas Häuserein privater Hausbauer mit Sitz in Woodstock, Georgia, sammelte 161,7 Millionen US-Dollar durch ein Angebot von 7,7 Millionen Aktien zum Preis von 21 US-Dollar. Gründerfonds Und GSB Holdings das Unternehmen unterstützen.

– Circle Internet Financial, ein in Boston, Massachusetts, ansässiger Kontrolleur des USDC-Stablecoins, hat vertraulich den Börsengang beantragt. Das Unternehmen hatte zuletzt im Jahr 2022 aufgrund eines gescheiterten SPAC-Deals einen Wert von 9 Milliarden US-Dollar angegeben.

FONDS + DACHFONDS

– Vintage Investment Partnerseine Risikokapitalgesellschaft mit Sitz in Herzliya, Israel, hat 200 Millionen US-Dollar für ihren vierten Fonds eingesammelt, der sich auf Technologie-Startups in der Wachstumsphase konzentriert.

MENSCHEN

– Unternehmungen kalibriereneine Risikokapitalgesellschaft mit Sitz in Pasadena, Kalifornien, wurde eingestellt Katie Vasquez als Investor. Früher war sie mit MTech Capital.

– Google Ventureseiner der unternehmensfinanzierten Venture-Arme von Google, wurde gefördert Karthik Ardhanareeswaran, Sherry ChaoUnd KJ Sidberry an Investitionspartner.

– HCI Equity Partnersein in Washington, D.C. ansässiges Private-Equity-Unternehmen, wurde gefördert Dave Gewinner an Auftraggeber, Portfoliooperationen und Andrew Carraway zum Schulleiter.

– Neue Unternehmenspartnereine in Menlo Park, Kalifornien, ansässige Risikokapitalinvestitionsfirma, wurde eingestellt Tiffany Glück als Partner. Früher war sie mit GGV-Kapital.

– Northleaf Capital Partnersein in Toronto, Kanada, ansässiges Private-Equity-Unternehmen, wurde gefördert Brad Blowes, Kamal Mahant, Megan McLeese, Tom PettyUnd Stella Vranes zum Geschäftsführer.

– Transformationskapitalein in Boston, Massachusetts, ansässiges Wachstumskapitalunternehmen, wurde gefördert Vinay Shah Partner sein.

– TSG Consumer Partnersein in San Francisco ansässiges Private-Equity-Unternehmen, wurde befördert Alec Fogarty an den Schulleiter (San Francisco), Alex Gilmore zum Senior Vice President (London), Kelly Pease zum Senior Vice President (New York), Alex DiFelice zum Vizepräsidenten (New York), Josh Ronson zum Vizepräsidenten (London), Gaurish Gwalani zum Senior Associate (San Francisco), Christian Pavlakos zum Senior Associate (New York), Jordan Phelan zum Senior Associate (San Francisco) und Phoebe Wallwork zum Senior Associate (London).

The post Garry Tan says founders ‘should be in San Francisco’ as Y Combinator ditches Mountain View headquarters for the large metropolis appeared first on DAILY SAN FRANCISCO BAY NEWS.

Ever since Garry Tan came on as Y Combinator CEO last year, there have been changes.

Last March, Tan cut its late-stage investing and laid off 17 investors, and he shrank the size of YC’s batches. Less known is that the startup accelerator also moved its headquarters. After spending 17 years operating out of Mountain View, Y Combinator moved its operations up north to the Dogpatch neighborhood in San Francisco and into Pier 70, according to city records reviewed by Fortune and confirmed by Y Combinator.

In an interview, Y Combinator CEO Garry Tan said it was important to him that YC be as close to the cutting edge of artificial intelligence innovation as possible (OpenAI and Anthropic and “a lot of the top talent” in artificial intelligence are in San Francisco versus Silicon Valley, he says). Not to mention—the majority of Y Combinator partners, including himself, live in San Francisco, he adds.

These days, “you sort of have to be in San Francisco,” Tan says, noting the importance of the accidental run-ins that happen when people are out and about. “Chances are the people around you are thinking about and talking about technology, and especially A.I. That’s really special,” Tan says. He also pointed out that YC data shows that startups that were built in San Francisco were more likely to succeed than their peers.

The move from Mountain View, which happened in the spring, right before YC welcomed its summer batch of startups, is also part of Y Combinator’s broader effort to bring its program back to being fully in-person post-COVID. Y Combinator started doing so in Summer 2022, though its demo days have still been remote. (YC says its next Demo Day will be partially in-person at Pier 70, though presentations will still be online)

Tan doesn’t just want founders back in the Bay Area: He wants them very close by. The Y Combinator CEO says the accelerator is highly encouraging founders to get places in the Dogpatch or Potrero Hill, or at least nearby. “I think it’s actually going to be really good that people know to be in walking distance of each other, and I think the connections between the founders are just going to be that much stronger,” he said, noting that he hopes Y Combinator upping its check size to $500,000 in 2022, up from $125,000, will help founders be able to afford the high rent.

Story continues

The changes come as Tan continues to get more involved in San Francisco politics: Donating to local elections, hosting gatherings, and, of course his ongoing slew of social media posts about what he describes as “San Francisco’s corrupt political machine.”

Tan is not one to pull punches: “I’m ready for him to leave public office,” he says of Dean Preston, a San Francisco Supervisor, who is running for re-election. “He certainly hasn’t been serving the needs of tech. On the other hand, I don’t even think that’s the reason to get rid of him. His hatred of tech covers up all the things that cause San Francisco to be so derelict in its responsibility to the citizens of all classes.” (In a statement, Supervisor Preston said that he was proud of his record “fighting for tenants, affordable housing, unions, food security, and an equitable San Francisco” and said that some of his strongest supporters were people who work in tech.)

While Tan may be very critical of San Francisco’s current political leadership, in typical Silicon Valley fashion, he says he is optimistic about the years ahead, particularly with upcoming elections this March and November. And he says that he has personally witnessed the tech community rallying together right now: “We’re coming together. We’re organizing. We’re actually creating our own media,” he said. “When you go to dinners, that’s one of the things we talk about now, and like two, three years ago in tech, I don’t think that that was something we were doing.”

I asked whether Tan would ever consider running for some kind of office himself.

“Maybe in 20 years,” he told me, adding later: “On the other hand, my wife said that she’ll divorce me if I run for Mayor, so I don’t think anytime soon.”

More unicorn news…Discord has laid off 17% of its staff—170 people, according to a memo CEO Jason Citron sent to staff that was seen by The Verge. The announcement was made yesterday. “We have to face some hard truths,” Citron wrote in the memo, according to The Verge. “We grew quickly and expanded our workforce even faster, increasing by 5x since 2020. As a result, we took on more projects and became less efficient in how we operated.”

An important programming note…With an ever-changing array of emotions, I wanted to let readers know that I will no longer be writing Term Sheet as of the end of this month. Don’t worry: I’m not leaving Fortune—just pivoting into a new role where I’ll be writing more venture capital and startup features, scoops, and investigations for our tech desk, outside this newsletter (though I imagine some of my work will still be featured in here every so often!). I’m fortunate to be able to leave you in the more-than-capable hands of Allie Garfinkle, who you’ve already gotten to know over this week. She is knowledgeable, curious, relentless, and an absolute joy. We’re lucky to have her here, and so are you. Don’t worry: I won’t get all sentimental just yet. You’re still stuck with me for another two weeks.

Please note that Term Sheet is taking Monday off in observance of Martin Luther King Jr. Day. We’ll be back in your inboxes on Tuesday.

Until then,

Jessica Mathews
Twitter: @jessicakmathews
Email: jessica.mathews@fortune.com
Submit a deal for the Term Sheet newsletter here.

Joe Abrams curated the deals section of today’s newsletter.

This story was originally featured on Fortune.com

The post Garry Tan says founders ‘need to be in San Francisco’ as Y Combinator ditches Mountain View headquarters for the massive metropolis appeared first on DAILY SAN FRANCISCO BAY NEWS.

Ever since Garry Tan came on as Y Combinator CEO last year, there have been changes. 

Last March, Tan cut its late-stage investing and laid off 17 investors, and he shrank the size of YC’s batches. Less known is that the startup accelerator also moved its headquarters. After spending 17 years operating out of Mountain View, Y Combinator moved its operations up north to the Dogpatch neighborhood in San Francisco and into Pier 70, according to city records reviewed by Fortune and confirmed by Y Combinator. 

In an interview, Y Combinator CEO Garry Tan said it was important to him that YC be as close to the cutting edge of artificial intelligence innovation as possible (OpenAI and Anthropic and “a lot of the top talent” in artificial intelligence are in San Francisco versus Silicon Valley, he says). Not to mention—the majority of Y Combinator partners, including himself, live in San Francisco, he adds.

These days, “you sort of have to be in San Francisco,” Tan says, noting the importance of the accidental run-ins that happen when people are out and about. “Chances are the people around you are thinking about and talking about technology, and especially A.I. That’s really special,” Tan says. He also pointed out that YC data shows that startups that were built in San Francisco were more likely to succeed than their peers.

The move from Mountain View, which happened in the spring, right before YC welcomed its summer batch of startups, is also part of Y Combinator’s broader effort to bring its program back to being fully in-person post-COVID. Y Combinator started doing so in Summer 2022, though its demo days have still been remote. (YC says its next Demo Day will be partially in-person at Pier 70, though presentations will still be online) 

Tan doesn’t just want founders back in the Bay Area: He wants them very close by. The Y Combinator CEO says the accelerator is highly encouraging founders to get places in the Dogpatch or Potrero Hill, or at least nearby. “I think it’s actually going to be really good that people know to be in walking distance of each other, and I think the connections between the founders are just going to be that much stronger,” he said, noting that he hopes Y Combinator upping its check size to $500,000 in 2022, up from $125,000, will help founders be able to afford the high rent.

The changes come as Tan continues to get more involved in San Francisco politics: Donating to local elections, hosting gatherings, and, of course his ongoing slew of social media posts about what he describes as “San Francisco’s corrupt political machine.” 

Tan is not one to pull punches: “I’m ready for him to leave public office,” he says of Dean Preston, a San Francisco Supervisor, who is running for re-election. “He certainly hasn’t been serving the needs of tech. On the other hand, I don’t even think that’s the reason to get rid of him. His hatred of tech covers up all the things that cause San Francisco to be so derelict in its responsibility to the citizens of all classes.” (In a statement, Supervisor Preston said that he was proud of his record “fighting for tenants, affordable housing, unions, food security, and an equitable San Francisco” and said that some of his strongest supporters were people who work in tech.)

While Tan may be very critical of San Francisco’s current political leadership, in typical Silicon Valley fashion, he says he is optimistic about the years ahead, particularly with upcoming elections this March and November. And he says that he has personally witnessed the tech community rallying together right now: “We’re coming together. We’re organizing. We’re actually creating our own media,” he said. “When you go to dinners, that’s one of the things we talk about now, and like two, three years ago in tech, I don’t think that that was something we were doing.” 

I asked whether Tan would ever consider running for some kind of office himself.

“Maybe in 20 years,” he told me, adding later: “On the other hand, my wife said that she’ll divorce me if I run for Mayor, so I don’t think anytime soon.”

More unicorn news…Discord has laid off 17% of its staff—170 people, according to a memo CEO Jason Citron sent to staff that was seen by The Verge. The announcement was made yesterday. “We have to face some hard truths,” Citron wrote in the memo, according to The Verge. “We grew quickly and expanded our workforce even faster, increasing by 5x since 2020. As a result, we took on more projects and became less efficient in how we operated.”

An important programming note…With an ever-changing array of emotions, I wanted to let readers know that I will no longer be writing Term Sheet as of the end of this month. Don’t worry: I’m not leaving Fortune—just pivoting into a new role where I’ll be writing more venture capital and startup features, scoops, and investigations for our tech desk, outside this newsletter (though I imagine some of my work will still be featured in here every so often!). I’m fortunate to be able to leave you in the more-than-capable hands of Allie Garfinkle, who you’ve already gotten to know over this week. She is knowledgeable, curious, relentless, and an absolute joy. We’re lucky to have her here, and so are you. Don’t worry: I won’t get all sentimental just yet. You’re still stuck with me for another two weeks.

Please note that Term Sheet is taking Monday off in observance of Martin Luther King Jr. Day. We’ll be back in your inboxes on Tuesday.

Until then,

Jessica Mathews
Twitter: @jessicakmathews
Email: jessica.mathews@fortune.com
Submit a deal for the Term Sheet newsletter here.

Joe Abrams curated the deals section of today’s newsletter.

VENTURE DEALS

– Second Dinner, an Irvine, Calif.-based game development studio, raised $100 million in Series B funding. Griffin Gaming Partners led the round and was joined by others. 

– 1X, a Moss, Norway-based developer of androids designed to work alongside humans in various sectors, raised $100 million in Series B funding from EQT Investors and others.

– hyperexponential, a London, U.K.-based pricing decision intelligence platform for insurers, raised $73 million in Series B funding. Battery Ventures led the round and was joined by a16z and existing investor Highland Europe.

– Overmoon, a San Francisco-based vacation rental platform, raised $10 million in seed funding from NFX, Khosla Ventures, Camber Creek, 1Sharpe, Sunsar Capital, and others.

– Sway, a Los Angeles, Calif.-based customer-focused delivery and returns platform for retailers, raised $19.5 million in Series A funding. 7GC led the round and was joined by Blackhorn Ventures, Lightshed Ventures, Rise of the Rest Revolution, and others. 

– Korr, a New York City-based provider of claims processing and policy administration technology for the insurance industry, raised $3.2 million in seed funding. Motive Ventures led the round and was joined by Tokio Marine Future Fund. 

PRIVATE EQUITY

– Edison Partners acquired a majority stake in 120Water, a Zionsville, Ind.-based water management and testing system, for $43 million. 

– Appearance Technology Group, a portfolio company of MPE Partners, acquired P&S Detail Products, a Hayward, Calif.-based designer and manufacturer of branded, consumable car care liquid chemicals. Financial terms were not disclosed. 

– First Insight, backed by Updata Partners, acquired SnapRetail, a Pittsburgh, Penn.-based developer of email marketing and social media campaign software for retailers. Financial terms were not disclosed. 

– Crimson Phoenix, backed by Godspeed Capital, acquired Cyberspace Solutions, a Herndon, Va.-based provider of analytic and cyber solutions to US intelligence agencies and defense partners. Financial terms were not disclosed. 

– JMI Equity acquired a minority stake in Safe Software, a Surrey, B.C.-based enterprise integration platform. Financial terms were not disclosed. 

– Riskonnect, backed by TA Associates, acquired Ventiv Technology, an Atlanta, Ga.-based provider of risk, insurance and underwriting technology solutions. Financial terms were not disclosed. 

– Rokt, backed by Pavilion Capital, agreed to acquire AfterSell, a Vancouver, Canada-based app designed to help e-commerce merchants upsell their products. Financial terms were not disclosed.  

– Transtar Holding Company, backed by Blue Point Capital Partners, acquired Arch Auto Parts, a Hollis, N.Y.-based auto parts provider. Financial terms were not disclosed. 

EXITS

– Patrick Industries agreed to acquire Sportech, an Elk River, Minn.-based manufacturer of cab components and systems for the powersports, golf and turf, industrial and agricultural end markets, from Monomoy Capital Partners.

OTHER

– Hightower Advisors acquired Capital Management Group of New York, a Pearl River, N.Y.-based wealth management and financial planning firm. Financial terms were not disclosed. 

– Maersk Tankers acquired Penfield Marine, a Southport, Conn.-based tanker operator. Financial terms were not disclosed. 

IPOS

– Smith Douglas Homes, a Woodstock, Ga.-based private homebuilder, raised $161.7 million in an offering of 7.7 million shares priced at $21. Founder Fund and GSB Holdings back the company. 

– Circle Internet Financial, a Boston, Mass.-based controller of the USDC stablecoin, confidentially filed to go public. The company last claimed it was worth $9 billion in 2022 amid a failed SPAC deal. 

FUNDS + FUNDS OF FUNDS

– Vintage Investment Partners, a Herzliya, Israel-based venture capital firm, raised $200 million for its fourth fund focused on growth-stage technology startups.

PEOPLE

– Calibrate Ventures, a Pasadena, Calif.-based venture capital firm, hired Katie Vasquez as an investor. Formerly, she was with MTech Capital. 

– Google Ventures, one of Google’s corporate-funded venture arms, promoted Karthik Ardhanareeswaran, Sherry Chao, and KJ Sidberry to investing partners.

– HCI Equity Partners, a Washington, D.C.-based private equity firm, promoted Dave Venker to principal, portfolio operations and Andrew Carraway to principal.

– New Enterprise Associates, a Menlo Park, Calif.-based venture capital investment firm, hired Tiffany Luck as a partner. Formerly, she was with GGV Capital.

– Northleaf Capital Partners, a Toronto, Canada-based private equity firm, promoted Brad Blowes, Kamal Mahant, Megan McLeese, Tom Petty, and Stella Vranes to managing director. 

– Transformation Capital, a Boston, Mass.-based growth equity firm, promoted Vinay Shah to partner. 

– TSG Consumer Partners, a San Francisco-based private equity firm, promoted Alec Fogarty to principal (San Francisco), Alex Gilmore to senior vice president (London), Kelly Pease to senior vice president (New York), Alex DiFelice to vice president (New York), Josh Ronson to vice president (London), Gaurish Gwalani to senior associate (San Francisco), Christian Pavlakos to senior associate (New York), Jordan Phelan to senior associate (San Francisco), and Phoebe Wallwork to senior associate (London).

The post Garry Tan says founders ‘must be in San Francisco’ as Y Combinator ditches Mountain View headquarters for the massive metropolis appeared first on DAILY SAN FRANCISCO BAY NEWS.

Martín Castillo immigrated from Peru with one goal in mind: soccer.

He was 19 years old, barely spoke English and had no family living in the Bay Area. Yet his passion for soccer compelled him to leave Lima, his parents and four younger siblings to try out for the pro team that would later become the San Jose Earthquakes.

“We came (to the Bay Area) with a conviction of trying to change things for us, so it came with a vision for all of us to pursue a career, pursue a dream,” said Antonio Castillo, Martín’s younger brother, who immigrated from Peru more than two years after Martín to also pursue a Major League Soccer career. “Soccer didn’t work out, so we started working on the next. We are here right now with a new dream, and the hard work is still happening.”

The new dream began in 2002 when Martín, Antonio and Eduardo Castillo opened a Peruvian restaurant in San Francisco. They named it Limón, which translates to “lime,” to pay homage to a staple ingredient in Peruvian cuisine and to their hometown of Lima. Limón has since expanded to Walnut Creek, Oakland, Burlingame and, now, Mountain View. As a testament to its influence in the Bay Area, late San Francisco Mayor Ed Lee declared Oct. 25 Limón Day in 2011.

The downtown Mountain View location opened its doors last month at 800 California St., at the corner of Castro Street. It was nearly three years in the making, according to the Castillos, largely due to the lengthy permit process.

Band of brothers

The Castillo brothers’ journey to success wasn’t easy.

“Leaving my house in the beginning was hard,” Martín said. “At one point … I wasn’t sure I was going to stay because here I was by myself, barely speaking English.”

But when Martín learned his brother Antonio was also joining him in the Bay Area, he knew he would stay. And a few years after Antonio arrived, their brother Eduardo joined as well.

“I was a dishwasher, a janitor,” Antonio said. “My brothers were cooks, bussers, bar backs.”

And on weekends, the brothers continued to play soccer recreationally. After the games, it became a tradition for the players to come over to the brothers’ house in Daly City for a feast. The brothers prepared dishes inspired by their mom’s cooking, with techniques they picked up working in American restaurants.

“In our house, our mom was the chef of the family,” Antonio recalled. “Every large event that we had, my mom was always the one who made the food and created a menu. She was a really great, creative cook. So, since we were little kids, we were introduced to the cuisine and the flavors without knowing it.”

The after-soccer gatherings gained traction, becoming larger and more elaborate. Guests suggested the Castillo brothers start their own restaurant, noting that quality Peruvian food was hard to come by in San Francisco.

They soon opened Limón in a small space of approximately 25 seats on 17th Street in San Francisco. And it was a hit.

“A lot of our menu is inspired by our childhood,” Martín said. “The flavors are what we grew up with, and that’s what we try to do here. We like to play with the food. We collaborate on ideas. That’s how we come up with something unique.”

Much of the menu at Limón is inspired by the owners’ childhood.

Adrienne Mitchel/Town Crier

Limón serves modernized versions of traditional Peruvian food. Many of Limón’s dishes use chimichurri, a bright and herbaceous Argentinian sauce. The plating for Limón’s Arroz con Mariscos, or “rice with seafood,” is inspired by Spanish paella. And Limón even incorporates crispy calamari into ceviche in its dish called Carretillero Travieso.

When asked what it’s like to be in business with his two brothers for more than 20 years, Antonio said, with a laugh, “I mean, we haven’t killed each other.” He went on to explain that the three brothers have complementary talents.

“Martín is the brain and the creative in the kitchen, I run the dining room and the numbers, and Eduardo is in the kitchen also being right next to him,” Antonio said. “We are super invested in the business. We are our own first critics. We’ve been learning from ourselves for the past 20 years.”

Mom’s influence

Most of all, the brothers attribute their success to their mom, Luz.

“Our mom is the person who inspired us to be here today,” Martín said. “We have some items on the menu that were inspired by her. Who we are today is because of our mom. Learning, working, dedication, cooking skills are all from our mom, watching our mom, learning from our mom.”

And if patrons are lucky, they might even run into Luz at one of Limón’s locations.

“Sometimes she shows up,” Martín said. “Sometimes she still comes and jumps behind the kitchen. Our mom is a big part of our success.”

The Castillo brothers said they look forward to the opening of their seventh Limón location, anticipated in November or December in Redwood City.

The post Transferring to Bay Space to play soccer, Peruvian brothers change course and open eating places, the newest in Mountain View | Enterprise appeared first on DAILY SAN FRANCISCO BAY NEWS.

Just before the Hood Mountain Regional Park parking lot, a narrow road barely big enough for a car climbs into the forest. Paved in parts, the road twists and rises until it reaches a mountain meadow that has served as a family’s gathering place for five generations.

Offering sweeping views of Sonoma County, the 289-acre property, called El Recreo, burned in both the 2017 and 2020 wildfires.

But it has recovered slowly, and all the while shaped the lives of its caretakers in the Perrin, Bucklin, Tilt and English families. Now, in a deal with the Sonoma County Agricultural Preservation and Open Space District, El Recreo is set to remain preserved as conservation land.

The district is in the homestretch of purchasing a $898,000 conservation easement for the property – a complicated process that has taken about nine years, needing buy-in from all of the property’s 13 owners. The easement will extinguish future development rights on the land, meaning it would be permanently protected even if sold.

“It just seemed like the natural thing to do,” said Arden Bucklin-Sporer, whose family owns the property.

It borders Hood Mountain on the north side, overlooking Oakmont. The property will not be opened to the public and will remain available for the family’s private use.

But the benefits of preserving land like El Recreo as a conservation area extend beyond public recreation, said Lauren Alpert, a community relations assistant for the open space district.

“When you’re protecting areas like this you’re protecting watershed, clean air,” Alpert said. Wildlife habitat – the property takes in headwaters for both the Santa Rosa and Sonoma creek drainages – and scenic viewsheds are other conservation benefits.

Alpert added that El Recreo will also serve as an important wildland buffer for its neighboring developed communities including Oakmont and Kenwood.

This is not the family’s first foray into conservation. Bucklin-Sporer’s mother and stepfather were Anne and Otto Teller, local land stewardship visionaries who helped found the Sonoma Land Trust.

It was Bucklin-Sporer’s grandmother, Adelaid Perrin, who began that family legacy, when she purchased El Recreo for around $48,000 in the 1950s.

Born in Guatemala, Perrin spent her early childhood on a coffee farm until the family moved back to California following her father’s death from malaria, Bucklin-Sporer said.

An “ardent admirer” of nature, independent and with “energy off the wall,” Perrin turned her attention to finding a family retreat once her three daughters were grown. It was El Recreo’s wild meadow nestled near the top of the mountain that sealed the deal, Bucklin-Sporer said.

Over the years the family left much of the land untouched, but built two homes and a swimming pool near the meadow. It was there that Anne Teller would bring her four children from their home in San Francisco during the weekends, and for weeks during the summer. She used it to teach them self-sufficiency, economy and an appreciation for the natural world.

“I think all of us are the way we are because of this place,” Bucklin-Sporer said.

Growing up, Bucklin-Sporer and her siblings would ride horses, care for injured birds they found including owls and a vulture, and acquired skills including identifying animal tracks.

Many have since pursued careers connected to land stewardship and ecology, including farming, restoration and nonprofit work, Bucklin Sporer said.

Supervisor Susan Gorin, who represents the area encompassing El Recreo, praised the family’s “extraordinary legacy they have, and continue to leave.”

“You need to take responsibility and manage the land,” Gorin said. “Especially in threat of fire.”

The family is both city and country, Bucklin-Sporer joked as she walked a grassy path to a knoll on a recent sunny morning.

Strolling along in Birkenstocks, undaunted by the prickly underbrush and ever-present threat of rattlesnakes, Bucklin-Sporer chewed on a blade of grass and led the way to a knoll overlooking Hood Mountain. Her rescue dog Xochi followed behind.

The destination held special meaning. It is where Bucklin-Sporer’s brother got married, and where their grandmother, mother and aunts’ ashes now rest.

“They burned twice so that’s good,” Bucklin-Sporer said, sharing some of her dry humor as she referenced the 2017 and 2020 wildfires

The wildfires ripped through El Recreo, leaving behind scorched trees and taking the family’s two homes.

The foundation and chimney of the house that Bucklin-Sporer’s parents built stood still. A partial brick wall also remains, holding a rusted sign bearing the home’s 8000 address.

Bucklin-Sporer said she visits the site frequently to check on its status.

The loss was devastating.

Though the family’s many generations are now far flung, with members in San Francisco and beyond, El Recreo remains their heart, Bucklin-Sporer said.

The property now serves as their camp. Two tents and an Airstream trailer sit around a pool that survived the fires at the far end of the meadow. An outdoor wooden stand spruced up with string lights and complete with a sink, grill and griddle make up a kitchen of sorts.

The choice to keep the property “wild” is a reflection of Perrin’s love for all things nature, and Anne Teller’s commitment to low-impact living, Bucklin-Sporer said.

“That was my mother’s perspective,” she noted. “You want to keep it simple, you don’t want a lot of water use, you want to keep it thrifty.”

Following the wildfires, the family has watched the land grow back slowly and in some surprising ways.

Bucklin-Sporer said they have seen new types of woodpeckers on the property, as well as more quail.

Her youngest son, August Sporer, 30, observed that more wildflowers are visible in the places where trees burned.

The conservation deal allows the owners to build two homes on the property, to replace the ones that burned. Bucklin-Sporer and her siblings and cousins ​​have left that decision to the next generation.

“I’m curious and keen to know what they want to do with it,” Bucklin-Sporer said.

The rest of the property will remain as is, and much like it was decades ago.

August Sporer praised the decision.

“This was a fantastic way to make sure this stays in the family,” Sporer said.

You can reach Staff Writer Emma Murphy at 707-521-5228 or emma.murphy@pressdemocrat.com. On Twitter @MurphReports.

The post Conservation deal reached for Sonoma County ranch adjoining Hood Mountain park appeared first on DAILY SAN FRANCISCO BAY NEWS.

When it comes to propane fireplaces in San Francisco and Mountain View, California, Mister-Chimney & Nova Fireplaces deserve special attention.

This press release was originally distributed by ReleaseWire

Belmont, CA — (ReleaseWire) — 01/16/2023 — The fireplace is a common home feature in many areas of California, and San Francisco and the surrounding cities are no exception. Sitting by the warm glow of a fire has been a relaxed way to spend time indoors for centuries, and this is still true in San Francisco and Mountain View today. Propane fireplaces offer an easy and efficient way to keep a home warm and inviting, especially for those looking for an alternative to traditional wood-burning fireplaces.

Mister-Chimney & Nova Fireplaces is a well-known San Francisco Bay Area company that cleans propane fireplaces and chimneys. As a full-service Chimney company, they offer a wide range of services, including inspections, installations, repairs, and maintenance. Their skilled technicians are knowledgeable and experienced in all types of propane fireplaces, chimneys, and vents.

Propane fireplaces in San Francisco and Mountain View, California are usually less expensive to operate than wood-burning fireplaces. These fireplaces are a good option for homeowners who want to enjoy the warmth of a fire without the mess and labor of chopping and hauling wood. One of the most significant benefits of a propane fireplace is that the flame can be adjusted quickly and easily, allowing the homeowner to regulate the heat produced by the fire.

Mister-Chimney & Nova Fireplaces ensure that propane fireplaces are installed correctly and safely, providing homeowners with the assurance that their investment is protected. They are pleased to offer top-of-the-line products with outstanding customer service and assistance to help homeowners make the most of their propane fireplaces.

Their commitment and dedication to customer service are unmatched in the industry, and they strive to provide a quality product and experience to their customers. They ensure that their fireplaces are installed in accordance with all local, state, and national regulations. While offering their customers the best products, they also ensure that these products are safe and up-to-date with industry standards.

For more information on gas fireplace inserts in San Francisco and Hayward, California, visit https://www.mister-chimney.com/gas-fireplaces-gas-fireplace-inserts-redwood-city-ca/.

Call 650-631-4531 or 650-654-8888 for details.

About Mister-Chimney & Nova Fireplaces
Mister-Chimney & Nova Fireplaces is the one-stop destination for fireplace repairs in San Francisco and Fremont, California, apart from gas fireplace installation, chimney repairs, chimney sweeping, and more.

For more information on this press release visit: http://www.releasewire.com/press-releases/mister-chimney-nova-fireplaces-installs-propane-fireplaces-in-san-francisco-and-mountain-view-california -1368942.htm

The post Mister-Chimney & Nova Fireplaces Installs Propane Fireplaces in San Francisco and Mountain View, California appeared first on DAILY SAN FRANCISCO BAY NEWS.

Any Hour Expands Into New Strategic Markets and Positions Company for Continued Growth

OREM, Utah, Sept 20, 2022 /PRNewswire/ — The Any Hour Group (“Any Hour” or “the Company”), a leading provider of home services in the Mountain West region, announced today that it has partnered with four additional leading home services businesses – Grapids Heating & Cooling (“Grapids”), Precision Plumbing, Heating, Cooling & Electrical (“Precision”), Chandler Air (“Chandler“), and All Hours Air (“All Hours”) – to further expand its operations in the Mountain West region and in new markets. Financial terms of the transactions were not disclosed.

Founded in 1961, Any Hour offers homeowners peace of mind through a full suite of high-quality HVAC, plumbing, and electrical services. The Company has achieved a market-leading position through rapid organic growth, and in July 2021 partnered with Knox Lane, a san francisco-based private equity firm, to accelerate Any Hour’s trajectory.

Through the addition of Precision and All Hours, Any Hour has solidified its position as the leading home services provider in the Mountain West region, broadening its footprint into Colorado other Nevada. The addition of Chandler further bolsters Any Hour’s strength in Arizonaexpanding the Company’s presence in the Greater Phoenix Area. Finally, Any Hour’s partnership with Grapids marks Any Hour’s first expansion into the Midwest. Each business will retain its respective brand, headquarters, and management team, while drawing on Any Hour’s extensive capabilities in digital marketing, recruitment, training, and operations.

Wyatt HepworthCEO of Any Hour, said, “We are thrilled to add Grapids, Precision, Chandler, and All Hours to the Any Hour Group as we continue to execute on our vision of partnering with like-minded, exceptional operators to build a differentiated, strategic platform in residential services. We are excited to be entering several new strategic markets through these partnerships, and to build upon the strong existing footholds they have established.”

Story continues

Jeremy HansenCOO of Any Hour, added, “We’re very pleased about the significant momentum that we’ve achieved through a combination of rapid organic growth and partnerships with best-in-class companies. We’re honored that Grapids, Precision, Chandlerand All Hours have chosen to join forces with us and we look forward to building the Any Hour Group together.”

About Any Hour
Founded in 1961, Any Hour is the market-leading home services company in the state of Utah, providing residential customers with a full suite of HVAC, plumbing, and electrical services, including repairs, replacements, and maintenance. With a long history of organic growth and a workforce of more than 900 employees and technicians, Any Hour’s unique culture and track record of success has positioned it for continued growth. For more information, please visit www.anyhourservices.com. If you are interested in exploring a partnership with the Any Hour Group, please contact Dustin Van Orman at dustin@anyhourservices.com.

About Grapids Heating & Cooling
Grapids Heating & Cooling was founded in 1999 by Nathan Engelsma and delivers HVAC installation, maintenance, and repair services to the greater Grand Rapids area. For over 20 years, Grapids has delivered high quality service to West Michigan. As a locally operated business, Grapids wants its customers to be customers for life, and goes the extra mile to give personal, neighborly support.

About Precision Plumbing, Heating, Cooling & Electrical
Precision Plumbing, Heating, Cooling & Electrical is a family-operated home services company providing high-quality service in the boulders other Denver Colorado regions since 1982. Precision was founded by Tom Robichaud and is now led by his daughter, Andrea Nelson, who started as a customer service representative in the business twelve years ago. The precision guarantee of fast, professional, high-quality service has won the company “Best of boulders” for 20 years running.

About Chandler Air
Chandler Air has been servicing homes in the Phoenix Valley since its founding by Bob Burnes in 1982. Chandler offers a full range of heating and cooling services in Chandler, Gilbert, Ahwatukee, AZ and surrounding areas, building its business the old-fashioned way: one referral at a time. The Company is led today by Bob’s son-in-law, Ryan Bondwith a commitment to honesty, integrity, achievement, professionalism, determination and persistence.

About All Hours Air
All Hours Air was founded in 2012 by Jason and Heather Cummins and is committed to providing high quality heating, air conditioning, and plumbing services in the Reno other Sparks Nevada areas. All Hours creates long-term relationships with its clients and stands behind its work with a 100% money back guarantee on everything it does.

About Knox Lane
Based in San Francisco, Knox Lane is a growth-oriented investment firm comprised of a team of accomplished investors and operators with a shared work history and a strong track record of partnering with leading companies to accelerate transformational growth. Knox Lane employs an investor-operator mindset and seeks to provide support across a number of business components, including human capital, brand management, end-to-end digital transformation, sourcing, supply chain and logistics, strategic acquisitions and business development. For more information, please visit www.knoxlane.com

Media Contact
Woomi Yun / Eric Carlson
Joele FrankWilkinson Brimmer Katcher
212-355-4449

surgery

View original content:https://www.prnewswire.com/news-releases/knox-lane-backed-any-hour-group-grows-home-services-leadership-in-mountain-west-with-four-new- partnerships-301627706.html

SOURCE Knox Lane; The Any Hour Group

The post Knox Lane-Backed Any Hour Group Grows Residence Companies Management in Mountain West With 4 New Partnerships appeared first on DAILY SAN FRANCISCO BAY NEWS.

Any Hour Expands Into New Strategic Markets and Positions Company for Continued Growth

OREM, Utah, Sept 20, 2022 /PRNewswire/ — The Any Hour Group (“Any Hour” or “the Company”), a leading provider of home services in the Mountain West region, announced today that it has partnered with four additional leading home services businesses – Grapids Heating & Cooling (“Grapids”), Precision Plumbing, Heating, Cooling & Electrical (“Precision”), Chandler Air (“Chandler“), and All Hours Air (“All Hours”) – to further expand its operations in the Mountain West region and in new markets. Financial terms of the transactions were not disclosed.

Founded in 1961, Any Hour offers homeowners peace of mind through a full suite of high-quality HVAC, plumbing, and electrical services. The Company has achieved a market-leading position through rapid organic growth, and in July 2021 partnered with Knox Lane, a san francisco-based private equity firm, to accelerate Any Hour’s trajectory.

Through the addition of Precision and All Hours, Any Hour has solidified its position as the leading home services provider in the Mountain West region, broadening its footprint into Colorado other Nevada. The addition of Chandler further bolsters Any Hour’s strength in Arizonaexpanding the Company’s presence in the Greater Phoenix Area. Finally, Any Hour’s partnership with Grapids marks Any Hour’s first expansion into the Midwest. Each business will retain its respective brand, headquarters, and management team, while drawing on Any Hour’s extensive capabilities in digital marketing, recruitment, training, and operations.

Wyatt HepworthCEO of Any Hour, said, “We are thrilled to add Grapids, Precision, Chandler, and All Hours to the Any Hour Group as we continue to execute on our vision of partnering with like-minded, exceptional operators to build a differentiated, strategic platform in residential services. We are excited to be entering several new strategic markets through these partnerships, and to build upon the strong existing footholds they have established.”

Jeremy HansenCOO of Any Hour, added, “We’re very pleased about the significant momentum that we’ve achieved through a combination of rapid organic growth and partnerships with best-in-class companies. We’re honored that Grapids, Precision, Chandlerand All Hours have chosen to join forces with us and we look forward to building the Any Hour Group together.”

About Any Hour
Founded in 1961, Any Hour is the market-leading home services company in the state of Utah, providing residential customers with a full suite of HVAC, plumbing, and electrical services, including repairs, replacements, and maintenance. With a long history of organic growth and a workforce of more than 900 employees and technicians, Any Hour’s unique culture and track record of success has positioned it for continued growth. For more information, please visit www.anyhourservices.com. If you are interested in exploring a partnership with the Any Hour Group, please contact Dustin Van Orman at [email protected].

About Grapids Heating & Cooling
Grapids Heating & Cooling was founded in 1999 by Nathan Engelsma and delivers HVAC installation, maintenance, and repair services to the greater Grand Rapids area. For over 20 years, Grapids has delivered high quality service to West Michigan. As a locally operated business, Grapids wants its customers to be customers for life, and goes the extra mile to give personal, neighborly support.

About Precision Plumbing, Heating, Cooling & Electrical
Precision Plumbing, Heating, Cooling & Electrical is a family-operated home services company providing high-quality service in the boulders other Denver Colorado regions since 1982. Precision was founded by Tom Robichaud and is now led by his daughter, Andrea Nelson, who started as a customer service representative in the business twelve years ago. The precision guarantee of fast, professional, high-quality service has won the company “Best of boulders” for 20 years running.

About Chandler Air
Chandler Air has been servicing homes in the Phoenix Valley since its founding by Bob Burnes in 1982. Chandler offers a full range of heating and cooling services in Chandler, Gilbert, Ahwatukee, AZ and surrounding areas, building its business the old-fashioned way: one referral at a time. The Company is led today by Bob’s son-in-law, Ryan Bondwith a commitment to honesty, integrity, achievement, professionalism, determination and persistence.

About All Hours Air
All Hours Air was founded in 2012 by Jason and Heather Cummins and is committed to providing high quality heating, air conditioning, and plumbing services in the Reno other Sparks Nevada areas. All Hours creates long-term relationships with its clients and stands behind its work with a 100% money back guarantee on everything it does.

About Knox Lane
Based in San Francisco, Knox Lane is a growth-oriented investment firm comprised of a team of accomplished investors and operators with a shared work history and a strong track record of partnering with leading companies to accelerate transformational growth. Knox Lane employs an investor-operator mindset and seeks to provide support across a number of business components, including human capital, brand management, end-to-end digital transformation, sourcing, supply chain and logistics, strategic acquisitions and business development. For more information, please visit www.knoxlane.com

Media Contact
Woomi Yun / Eric Carlson
Joele FrankWilkinson Brimmer Katcher
212-355-4449

SOURCE Knox Lane; The Any Hour Group

The post Knox Lane-Backed Any Hour Group Grows House Providers Management in Mountain West With 4 New Partnerships appeared first on DAILY SAN FRANCISCO BAY NEWS.

Any Hour Expands Into New Strategic Markets and Positions Company for Continued Growth

OREM, Utah, Sept 20, 2022 /PRNewswire/ — The Any Hour Group (“Any Hour” or “the Company”), a leading provider of home services in the Mountain West region, announced today that it has partnered with four additional leading home services businesses – Grapids Heating & Cooling (“Grapids”), Precision Plumbing, Heating, Cooling & Electrical (“Precision”), Chandler Air (“Chandler“), and All Hours Air (“All Hours”) – to further expand its operations in the Mountain West region and in new markets. Financial terms of the transactions were not disclosed.

Founded in 1961, Any Hour offers homeowners peace of mind through a full suite of high-quality HVAC, plumbing, and electrical services. The Company has achieved a market-leading position through rapid organic growth, and in July 2021 partnered with Knox Lane, a san francisco-based private equity firm, to accelerate Any Hour’s trajectory.

Through the addition of Precision and All Hours, Any Hour has solidified its position as the leading home services provider in the Mountain West region, broadening its footprint into Colorado other Nevada. The addition of Chandler further bolsters Any Hour’s strength in Arizonaexpanding the Company’s presence in the Greater Phoenix Area. Finally, Any Hour’s partnership with Grapids marks Any Hour’s first expansion into the Midwest. Each business will retain its respective brand, headquarters, and management team, while drawing on Any Hour’s extensive capabilities in digital marketing, recruitment, training, and operations.

Wyatt HepworthCEO of Any Hour, said, “We are thrilled to add Grapids, Precision, Chandler, and All Hours to the Any Hour Group as we continue to execute on our vision of partnering with like-minded, exceptional operators to build a differentiated, strategic platform in residential services. We are excited to be entering several new strategic markets through these partnerships, and to build upon the strong existing footholds they have established.”

Jeremy HansenCOO of Any Hour, added, “We’re very pleased about the significant momentum that we’ve achieved through a combination of rapid organic growth and partnerships with best-in-class companies. We’re honored that Grapids, Precision, Chandlerand All Hours have chosen to join forces with us and we look forward to building the Any Hour Group together.”

About Any Hour
Founded in 1961, Any Hour is the market-leading home services company in the state of Utah, providing residential customers with a full suite of HVAC, plumbing, and electrical services, including repairs, replacements, and maintenance. With a long history of organic growth and a workforce of more than 900 employees and technicians, Any Hour’s unique culture and track record of success has positioned it for continued growth. For more information, please visit www.anyhourservices.com. If you are interested in exploring a partnership with the Any Hour Group, please contact Dustin Van Orman at [email protected].

About Grapids Heating & Cooling
Grapids Heating & Cooling was founded in 1999 by Nathan Engelsma and delivers HVAC installation, maintenance, and repair services to the greater Grand Rapids area. For over 20 years, Grapids has delivered high quality service to West Michigan. As a locally operated business, Grapids wants its customers to be customers for life, and goes the extra mile to give personal, neighborly support.

About Precision Plumbing, Heating, Cooling & Electrical
Precision Plumbing, Heating, Cooling & Electrical is a family-operated home services company providing high-quality service in the boulders other Denver Colorado regions since 1982. Precision was founded by Tom Robichaud and is now led by his daughter, Andrea Nelson, who started as a customer service representative in the business twelve years ago. The precision guarantee of fast, professional, high-quality service has won the company “Best of boulders” for 20 years running.

About Chandler Air
Chandler Air has been servicing homes in the Phoenix Valley since its founding by Bob Burnes in 1982. Chandler offers a full range of heating and cooling services in Chandler, Gilbert, Ahwatukee, AZ and surrounding areas, building its business the old-fashioned way: one referral at a time. The Company is led today by Bob’s son-in-law, Ryan Bondwith a commitment to honesty, integrity, achievement, professionalism, determination and persistence.

About All Hours Air
All Hours Air was founded in 2012 by Jason and Heather Cummins and is committed to providing high quality heating, air conditioning, and plumbing services in the Reno other Sparks Nevada areas. All Hours creates long-term relationships with its clients and stands behind its work with a 100% money back guarantee on everything it does.

About Knox Lane
Based in San Francisco, Knox Lane is a growth-oriented investment firm comprised of a team of accomplished investors and operators with a shared work history and a strong track record of partnering with leading companies to accelerate transformational growth. Knox Lane employs an investor-operator mindset and seeks to provide support across a number of business components, including human capital, brand management, end-to-end digital transformation, sourcing, supply chain and logistics, strategic acquisitions and business development. For more information, please visit www.knoxlane.com

Media Contact
Woomi Yun / Eric Carlson
Joele FrankWilkinson Brimmer Katcher
212-355-4449

SOURCE Knox Lane; The Any Hour Group

The post Knox Lane-Backed Any Hour Group Grows House Providers Management in Mountain West With 4 New Partnerships appeared first on DAILY SAN FRANCISCO BAY NEWS.

Any Hour Expands Into New Strategic Markets and Positions Company for Continued Growth

OREM, Utah, Sept 20, 2022 /PRNewswire/ — The Any Hour Group (“Any Hour” or “the Company”), a leading provider of home services in the Mountain West region, announced today that it has partnered with four additional leading home services businesses – Grapids Heating & Cooling (“Grapids”), Precision Plumbing, Heating, Cooling & Electrical (“Precision”), Chandler Air (“Chandler“), and All Hours Air (“All Hours”) – to further expand its operations in the Mountain West region and in new markets. Financial terms of the transactions were not disclosed.

Founded in 1961, Any Hour offers homeowners peace of mind through a full suite of high-quality HVAC, plumbing, and electrical services. The Company has achieved a market-leading position through rapid organic growth, and in July 2021 partnered with Knox Lane, a san francisco-based private equity firm, to accelerate Any Hour’s trajectory.

Through the addition of Precision and All Hours, Any Hour has solidified its position as the leading home services provider in the Mountain West region, broadening its footprint into Colorado other Nevada. The addition of Chandler further bolsters Any Hour’s strength in Arizonaexpanding the Company’s presence in the Greater Phoenix Area. Finally, Any Hour’s partnership with Grapids marks Any Hour’s first expansion into the Midwest. Each business will retain its respective brand, headquarters, and management team, while drawing on Any Hour’s extensive capabilities in digital marketing, recruitment, training, and operations.

Wyatt HepworthCEO of Any Hour, said, “We are thrilled to add Grapids, Precision, Chandler, and All Hours to the Any Hour Group as we continue to execute on our vision of partnering with like-minded, exceptional operators to build a differentiated, strategic platform in residential services. We are excited to be entering several new strategic markets through these partnerships, and to build upon the strong existing footholds they have established.”

Story continues

Jeremy HansenCOO of Any Hour, added, “We’re very pleased about the significant momentum that we’ve achieved through a combination of rapid organic growth and partnerships with best-in-class companies. We’re honored that Grapids, Precision, Chandlerand All Hours have chosen to join forces with us and we look forward to building the Any Hour Group together.”

About Any Hour
Founded in 1961, Any Hour is the market-leading home services company in the state of Utah, providing residential customers with a full suite of HVAC, plumbing, and electrical services, including repairs, replacements, and maintenance. With a long history of organic growth and a workforce of more than 900 employees and technicians, Any Hour’s unique culture and track record of success has positioned it for continued growth. For more information, please visit www.anyhourservices.com. If you are interested in exploring a partnership with the Any Hour Group, please contact Dustin Van Orman at dustin@anyhourservices.com.

About Grapids Heating & Cooling
Grapids Heating & Cooling was founded in 1999 by Nathan Engelsma and delivers HVAC installation, maintenance, and repair services to the greater Grand Rapids area. For over 20 years, Grapids has delivered high quality service to West Michigan. As a locally operated business, Grapids wants its customers to be customers for life, and goes the extra mile to give personal, neighborly support.

About Precision Plumbing, Heating, Cooling & Electrical
Precision Plumbing, Heating, Cooling & Electrical is a family-operated home services company providing high-quality service in the boulders other Denver Colorado regions since 1982. Precision was founded by Tom Robichaud and is now led by his daughter, Andrea Nelson, who started as a customer service representative in the business twelve years ago. The precision guarantee of fast, professional, high-quality service has won the company “Best of boulders” for 20 years running.

About Chandler Air
Chandler Air has been servicing homes in the Phoenix Valley since its founding by Bob Burnes in 1982. Chandler offers a full range of heating and cooling services in Chandler, Gilbert, Ahwatukee, AZ and surrounding areas, building its business the old-fashioned way: one referral at a time. The Company is led today by Bob’s son-in-law, Ryan Bondwith a commitment to honesty, integrity, achievement, professionalism, determination and persistence.

About All Hours Air
All Hours Air was founded in 2012 by Jason and Heather Cummins and is committed to providing high quality heating, air conditioning, and plumbing services in the Reno other Sparks Nevada areas. All Hours creates long-term relationships with its clients and stands behind its work with a 100% money back guarantee on everything it does.

About Knox Lane
Based in San Francisco, Knox Lane is a growth-oriented investment firm comprised of a team of accomplished investors and operators with a shared work history and a strong track record of partnering with leading companies to accelerate transformational growth. Knox Lane employs an investor-operator mindset and seeks to provide support across a number of business components, including human capital, brand management, end-to-end digital transformation, sourcing, supply chain and logistics, strategic acquisitions and business development. For more information, please visit www.knoxlane.com

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SOURCE Knox Lane; The Any Hour Group

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