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Exclusive: Venture Firm Data Collective Raises $725 Million to Invest in ‘Deep Tech’
Data Collective (DCVC), a San Francisco-based venture capital firm, has raised $725 million for its fifth flagship “deep tech” fund. The new fund, DCVC V, will back early-stage startups and reserve some capital to follow on in later rounds. Limited partners include university endowments, global charities, global insurance funds, and pension funds. [ Fortune ] Checkout 15K+ Venture Capital Data on our platform.
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Silicon Valley is throwing Trump a fundraiser. They’d just rather not talk about it.
On most days, they are what President Donald Trump calls the “nerds,” the “totally biased,” the “geniuses in Silicon Valley that walk around in undershirts — and they’re worth $2 billion apiece.” On Tuesday, they are his donors. When Trump shows up in Palo Alto for his first trip to Silicon Valley since he was elected, it will unofficially kick off a new phase in the relationship between a president who is incensed with its
companies but needs its billionaires. And it will reflect just how toxic Trump has become in C-suites and cafeterias alike across the Bay Area, where the few supporters he does have are borderline desperate not to talk about him. [ Vox ] Checkout 15K+ Venture Capital Data on our platform.
3.
GitLab hauls in $268M Series E on 2.75B valuation
GitLab is a company that doesn’t pull any punches or try to be coy. It actually has had a page on its website for some time stating it intends to go public on November 18, 2020. You don’t see that level of transparency from late-stage startups all that often. Today, the company announced a huge $268 million Series E on a tidy $2.75 billion valuation. [ Tech Crunch ] Checkout 15K+ Venture Capital Data on our platform.
4.
SoftBank Needs a Different IPO After WeWork Slip
SoftBank Group Corp. and its Vision Fund need another win. And they need it fast. With news that U.S. rental office company WeWork – formally known as The We Company – looks set to delay its IPO, we can see just how dependent SoftBank supremo Masayoshi Son’s empire was on this one exit to keep the Japanese company’s hit machine ticking along. SoftBank Vision Fund has been a major investor in some of this year’s most significant listings. Uber Technologies Inc. and Slack Technologies Inc. were among them. Both have fallen this quarter, dragging down the value of the Fund. [ Washington Post ] Checkout 15K+ Venture Capital Data on our platform.
Cybersecurity company Acronis hits unicorn status after raising $147 million led by Goldman Sachs
Cybersecurity solutions provider Acronis announced today that it has raised $147 million in funding led by Goldman Sachs, bringing it to unicorn status. The company did not disclose its valuation, but founder and CEO Serguei Beloussov told TechCrunch that it is between $1 billion and $2 billion. [ Tech Crunch] Checkout 15K+ Venture Capital Data on our platform.
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Clearbanc Co-Founder: Using A.I. ‘Takes Out the Gender Bias’ When Funding Entrepreneurs
When it comes to where venture capital dollars are spent, it's perhaps unsurprising that nearly 98% go to companies backed by men. But Clearbanc co-founder and president Michele Romanow is changing that average by doing things a little differently—by leveraging artificial intelligence and data. [ Fortune ] Checkout 15K+ Venture Capital Data on our platform.
7.
TuSimple adds another $120 million to its self-driving trucks war chest
Self-driving truck startup TuSimple has added another $120 million to a Series D funding round led by Sina, operator of China’s biggest microblogging site Weibo, bringing the total haul to $215 million as it seeks to expand. The company, which launched in 2015 and has operations in China, San Diego and Tucson, Ariz., hit unicorn status in February when it raised $95 million in the Series D round with a post-money valuation of
$1.095 billion. This additional funding includes investment from UPS, which announced in August that it had taken a minority stake in TuSimple just months after the two companies began testing the use of autonomous trucks in Arizona. [ Tech Crunch ] Checkout 15K+ Venture Capital Data on our platform.
8.
Thailand's Pomelo gets US$52M Series C funding to expand omnichannel experience
Thai fashion tech company Pomelo today announced a US$52 million Series C funding round from Central Group, Provident Growth Fund, InterVest Star SEA Growth Fund, Andre Hoffman, Toivo Annus, Lombard Private Equity, Ambient Sound Investments OU and The Luxembourg Company Deverel. [ e27 ] Checkout 15K+ Venture Capital Data on our platform.
9.
Aspect Ventures, founded by Theresia Gouw and Jennifer Fonstad, is splitting up
Aspect Ventures, an early-stage, San Francisco-based venture firm founded five years ago very notably by two veteran VCs who happen to be women, is splitting up. Co-founders Jennifer Fonstad, formerly of DFJ, and Theresia Gouw, formerly of Accel, are launching separate firms, a source confirms. [ Tech Crunch]
Checkout 15K+ Venture Capital Data on our platform.
10.
No-Checkout Shopping Startup Trigo Raises $22 Million
Tel Aviv-based shopping automation startup Trigo Vision Ltd. has raised a $22 million series A funding round, the company announced Monday. The round was led by Red Dot Capital, with participation from previous investors Vertex Ventures and Hetz Ventures. The new round brings the company’s total equity raised to date to $29 million. [ calcalistech] Checkout 15K+ Venture Capital Data on our platform.
11.
Harry’s co-founder and co-CEO Jeff Raider | Full interview | Code Commerce 2019
As co-founder of both Harry’s and Warby Parker, Jeff Raider aims to build companies and brands that people like. Raider sits down with Recode’s Jason Del Rey for an in-depth conversation about where Harry’s razor business is headed. Checkout 15K+ Venture Capital Data on our
platform.
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The RealReal CEO Julie Wainwright | Full interview | Code Commerce 2019
Julie Wainwright sits in the red chair with Kara Swisher at Code Commerce in New York. Wainwright is an e-commerce pioneer who founded The RealReal in June 2011, bringing authenticated luxury consignment online and changing the way people buy and sell high-end luxury across all categories. Wainwright has been at the helm of leading tech companies for more than 20 years, notably as CEO of Reel.com (1997) and Pets.com (1999).
Checkout 15K+ Venture Capital Data on our platform.
13.
Away co-founder Jen Rubio and CEO Steph Korey | Full interview | Code Commerce 2019
Jason Del Rey and Kara Swisher sit down with the co-founders of Away at Code Commerce in New York City. Jen Rubio is the co-founder and chief brand officer of Away, a global lifestyle brand that’s working to transform the travel experience. Under Steph Korey’s leadership, Away has been named one of Fast Company’s World’s Most Innovative Companies, one of Time’s 50 Most Genius Companies, one of LinkedIn’s Top Startups, and a Forbes Next Billion-Dollar Startup.
Checkout 15K+ Venture Capital Data on our platform.
14.
Holidu raises €40M Series C for its holiday rentals search engine
Holidu, the Munich-headquartered holiday rentals search engine that is now active in 21 country markets, has raised €40 million in Series C funding. The round was led by Prime Ventures, with participation from coparion and MairDuMont Ventures. Existing investors, including EQT Ventures, Venture Stars, Senovo and business angel Chris Hitchen, also followed on. [ Tech Crunch] Checkout 15K+ Venture Capital Data on our platform.
15.
Ironclad, the ‘Salesforce for Lawyers,’ Raises $50 Million
Jason Boehmig thinks artificial intelligence could change how attorneys write contracts, but right now he has a more pressing concern: Helping lawyers keep track of the contracts they already have. "Everyone loves to talk about A.I., but the unsexy truth is taking things out of people's inboxes and putting them on a central dashboard is a bigger deal," says Boehmig, whose legal startup Ironclad announced on Tuesday it has raised a $50 million Series C funding round
led by Y Combinator Continuity and also backed by Emergence Capital, Sequoia Capital, and Accel. "That's the revolutionary change we're offering." [ Fortune ] Checkout 15K+ Venture Capital Data on our platform.
16.
Video Advertising Company Innovid Acquires Marketing Company Herolens for $30 Million
New York-headquartered video advertising startup Innovid Inc. is set to acquire Buenos Aires, Argentina-based marketing company Herolens Group LLC, the former announced Wednesday. While the company did not disclose the financial details of the acquisition, one person familiar with the matter who spoke to Calcalist on condition of anonymity placed the sum at $30 million. [ calcalistech ] Checkout 15K+ Venture Capital Data on our platform.
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Affirm CEO Max Levchin | Full interview | Code Commerce 2019
Max Levchin sits in the red chair with Kara Swisher at Code Commerce in New York City. Levchin is the founder and CEO of Affirm, a financial services technology company. Levchin was one of the original co-founders of PayPal, where he served as the chief technology officer until its acquisition by eBay in 2002.
Checkout 15K+ Venture Capital Data on our platform.
18.
Birkenstock CEO David Kahan | Full interview | Code Commerce 2019
David Kahan, CEO of Birkenstock Americas, sits down with Recode’s Jason Del Rey at Code Commerce in New York City. Kahan joined Birkenstock in 2013 and has helped lead the global resurgence of the brand. The company’s US business has grown by a factor of 10 under his management.
Checkout 15K+ Venture Capital Data on our platform.
19.
Rent the Runway CEO Jennifer Hyman | Full interview | Code Commerce 2019
Jennifer Hyman, co-founder and CEO of Rent the Runway, sits down with Recode’s Jason Del Rey at Code Commerce in New York City. Rent the Runway is disrupting the $2.4 trillion fashion industry by building the closet in the cloud. Hyman leads the company’s growth in all areas, including marketing, technology, product, logistics, and data science. She co-founded Rent the Runway in 2009 and has since raised over $400 million in capital, growing the business to over 10 million members, 1,600 employees, and 600+ designer partnerships.
Checkout 15K+ Venture Capital Data on our platform.
Triventures, Sheba Medical Center Launch Seed-Stage Digital Healthcare Fund
Healthcare-focused venture capital fund Triventures has announced the launch of Triventures ARC, a new seed-stage fund that will focus on digital health and medtech startups, operated in partnership with the Chaim Sheba Medical Center in the greater Tel Aviv area. The fund has already raised over half of its $40 million target and made a first investment, Triventures managing partner and co-founder Michal Geva told Calcalist in an interview. [ calcalistech ] Checkout 15K+ Venture Capital Data on our platform.
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