CAA Ventures Into DarbySmart

Los Angeles-based CAA Ventures, the venture capital arm of the Creative Artists Agency, has made an investment in a monthly delivery service focused on do-it-yourself (DIY) crafts. San Francisco-based Darby Smart said this morning that it has raised $6.3M in a funding round, which came from Maveron, Forerunner Ventures, and CAA Ventures. The Creative Artists Agency created a new venture capital fund--CAA Ventures I--in 2013, however, has been fairly quiet about the group's activities. CAA's fellow investor, Forerunner Ventures, is one of the investors in another local, monthly product deliver startup here, Dollar Shave Club. More information »