Shea helps Calibrate summon $80m first fund

Dec 14, 2018 • Jack Hammond

Two former managing directors of Shea Ventures have raised $80m from limited partners including JF Shea for Calibrate Ventures' inaugural fund.

US-based venture capital firm Calibrate Ventures raised approximately $80m for its debut fund on Tuesday, including a commitment from Shea Ventures, the corporate venturing arm of property developer JF Shea.

Kevin Dunlap and Jason Schoettler, both former managing directors at Shea Ventures, founded Calibrate in 2017 to invest in software and hardware startups in the consumer and enterprise sectors. VC firm Foundry Group is also among the fund’s limited partners.

The US-focused fund plans to take part in 15 deals,…

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