Three Partners Leave Venture Firm Social Capital Amid Strategy ChangesWhat’s going on at venture firm Social Capital is less of a shake-up and more of an upheaval. We first learned that Arjun Sethi, a partner at the firm, would depart. And then Axios reported growth equity chief Tony Bates and vice chairman Marc Mezvinsky were also leaving. It’s unclear what Bates and Mezvinsky will do next, but sources tell me that Sethi will raise a new early-stage fund with a likely focus on cryptocurrency and blockchain investments. This wouldn’t be all that surprising given Sethi’s track record of investing in crypto-focused companies such as SafeChain, {Set} Protocol, and SFOX. [ Fortune ] Feed raises $17.4 million for its Soylent-like food productsFrench startup Feed is raising a $17.4 million funding round (€15 million) from Alven and Otium Brands. Feed has been selling meal replacement products in Europe and now plans to expand to other countries. There are multiple variations of Feed. The company started with a powder-based product that represents the equivalent of one meal. You add some water, shake it a bit and drink it. You can now also buy the equivalent of a cereal bar with everything you need to stay alive. [ Tech Crunch ] Italian grocery delivery service Supermercato24 picks up €13M Series BSupermercato24, an Italian same-day grocery delivery service, has raised €13 million in Series B funding. Leading the round is FII Tech Growth, with participation from new investor Endeavor Catalyst, and current investors 360 Capital Partners, and Innogest. [ Tech Crunch ] Is Canada tech's next frontier? VCs think soThough tensions are rising between President Donald Trump and Canadian Prime Minister Justin Trudeau, relations between Canadian startups and US-based venture capital firms are thriving. PayPal is shelling out $400 million in cash for this 18-year-old company that helps gig workers get paid PayPal announced today that it’s paying $400 million in cash for Hyperwallet, an 18-year-old, Bay Area-based company that helps people and small businesses receive payments for products and services that they sell, including through the vacation rental platform HomeAway and Rodan & Fields, the multi-level marketing company that specializes in skin care products and employs an army of consultants to sell toners and the like. [ Tech Crunch ] Stewart Butterfield: If snakes had our technology, we would be toastVery few entrepreneurs have been are able to successfully create a viral, cult-like following around something as random as workplace collaboration software. But, if anyone could — it would be Stewart Butterfield, a two-time failed gaming entrepreneur. [ Pando ] Breakthrough Cybersecurity Technology by Prevailion Attracts $1.7M Seed Investment from DataTribePrevailion, the predictive platform for advanced cyberdefense and third-party risk, today announced that it has closed a $1.7 million round of seed funding led by DataTribe, the country's leading startup-studio for cybersecurity and data science startups. Prevailion will use the funds to accelerate product and business development for its compromise detection sensor technology, which helps public and private entities to proactively anticipate and defend against cyberattacks, and minimize third-party risks. Israeli Venture Capital Firm IGP Closes $230 Million FundIsrael Growth Partners (IGP) Ltd. announced on Tuesday it closed a $230 million new investment fund, IGP II, to invest in mature Israeli tech startups with annual revenues of more than $10 million. IGP’s existing investors contributed to the new fund, including Clal Insurance, Leumi Partners, Discount Capital Markets, and other institutional and private investors. [ Calcalis Tech ] Cybersecurity startup CrowdStrike raises $200 million at $3 billion valuationCrowdStrike, an AI-powered cybersecurity platform specializing in endpoint protection and threat intelligence, has raised $200 million in a series E round of financing co-led by Accel, General Atlantic, and IVP, with participation from existing investor CapitalG — Alphabet’s late-stage venture fund — and March Capital. [ Venture Beat ] Y Combinator's Favorite Credit Card Just Raised $50 Million from PayPal FoundersBrex, a fintech startup backed by PayPal cofounders Peter Thiel and Max Levchin, has raised $50 million in new venture capital, the company announced Tuesday. Y Combinator led the Series B funding round for San Francisco-based Brex, which participated in the tech accelerator’s winter 2017 class and now provides credit cards to many of its portfolio companies. VC firm Ribbit Capital, Thiel and Levchin also participated in the investment, as did Yuri Milner of DST Global, Tiger Global hedge fund billionaire Chase Coleman and former VisaCEO Carl Pascarella. Brex declined to disclose its valuation. [ Fortune ] Redpoint looks to fresh faces to pilot its latest $400M fund When Redpoint’s partners handed hims CEO Andrew Dudum the term sheet for the company’s early financing round, one of the most surprising part of that whole process was that the investment partners had actually figured out the font that the company used — and printed out the term sheet with that font. [ Tech Crunch ] Silicon Valley is less likely to believe H-1B workers are stealing US jobsNearly 45% of Americans are convinced that H-1B visa-holders are eating into jobs meant for local workers, but there’s one part of the country where these immigrant workers are far more popular: California’s Bay Area, home to the likes of Google and Facebook. [ QZ ] Bevy raises $6.4 million for enterprise community eventsBevy has raised $6.4 million for its enterprise community event platform. The company is helping pioneer a new trend dubbed “customer to customer marketing” that involves prospective and current customers talking to each other. The investment came from Upfront Ventures, author Steve Blank, Qualtrics cofounders Ryan and Jared Smith, and Pluralsight CEO Aaron Skonnard. [ Venture Beat ] A hot startup raised $66 million in 5 days using these 24 slidesFrom payments to lending to insurance to checking accounts, Amazon is attacking financial services from every angle without applying to be a conventional bank. In this report, we break down everything we know about Amazon’s foray into financial services, and where it's rumored to be looking next. [ CB Insights ] Using tech and $100M, Dr Consulta transforms healthcare for the poorestHealthcare delivery is an incredibly complex topic, but one that has a simple truth: health security is key to living a good life, and, ultimately, for developing a strong economy. Unfortunately, billions worldwide suffer from lack of access to even the most basic of medical diagnostics and treatments, since doctors often aren’t available and the costs when they are can be exorbitant. [ Tech Crunch ] Start-up story: taking Parisian street style globalVenture capital firm OOCTANE debuts in Cambodia to support local startup ecosystemRoboadviser Startup Finds Way to Live in Harmony With Big BanksIora Health secures $100 million in venture capital fundingMeditation app Calm hits a $250M valuation amid an explosion of interest in mindfulness apps Microsoft’s Xbox Fortifies Gaming Empire With Recent Acquisitions And Product DevelopmentsFemale founders share their tips on how to start-up in techA Bill Gates-Backed Startup Makes Avocados Stay Ripe For Twice As LongKorean beauty startup Memebox relaunches its U.S. e-commerce platform and signs Sephora dealSilicon Valley couple raising millions to reunite immigrant familiesTime for Silicon Valley To Get Behind a National Privacy LawIs It Better To Work In Silicon Valley Or On Wall Street?LAUNCH FestivalMobile-Games Company Scopely Raised Additional $100 Million for Acquisitions, InvestmentsPanel Discussion: Funding Your Venture at All StagesWhy startups can’t afford to ignore customer retentionKEYNOTE: Noor Sweid, Partner, Global Ventures Mercari Jumps 77% in Tokyo Debut After $1.2 Billion IPOCANCON PODCAST EP. 119: ARE WE COOL WITH 500 STARTUPS BACK IN CANADA IF DAVE MCCLURE STILL BENEFITS?The Type of Team Diversity You’re Probably Not Paying Attention ToEarbud maker Vi snags $20 million in venture capital |