Defy VC, which raised its third fund earlier this year, is building out its team with the addition of Amy Yin as a venture partner and Medha Agarwal as a general partner.
Prior to joining Defy, Yin was founder and CEO of OfficeTogether, a former Defy portfolio company acquired by Envoy. She also held engineering roles at Facebook and Coinbase.
Agarwal was previously a partner at Redpoint Ventures where she led investments in companies including Whatnot, Tend and Proper Finance. She started her venture career at Bessemer Venture Partners, having previously co-founded and built Roomidex and skedge.me after beginning her career at Bain & Company.
“The additions of Medha and Amy to our team mark a crucial step in continuing Defy’s momentum as we actively invest from Fund III,” Defy founder and general partner Neil Sequeira said in a statement. “Their expertise, networks, and experience will help drive our continued success as we work closely with great founders to build start-ups into category-defining industry leaders.”
Based in Woodside, California, Defy invests across diverse categories, including enterprise software-as-a-service, fintech, AI, healthcare, marketplaces and consumer-oriented businesses.
The firm met its target for Defy Partners III in January 2023, closing on $300 million. LPs include the Los Angeles City Employees’ Retirement System, which committed $20 million, according to fundraising data from Buyouts (registration required).
The firm previously closed on $262 million for Defy Partners II in April 2019 and $151 million for Defy Partners I in September 2017, Buyouts reported.