News Brief

San Francisco-based SherpaVentures said it had finally closed its first round, raising the $154 million it said it would to invest in early-stage startups aimed at e-commerce, software and digital media. Launched in early 2013 by former Goldman Sachs banker Scott Stanford and longtime VC Shervin Pishevar, the firm has already been investing actively, with bets in a series of startups, such as Munchery, Coin and Shyp.