Balderton’s $145M ‘secondary’ fund will give shareholders in European scale-ups the chance to exit earlyIn what looks like a European first, the London-based early-stage venture capital firm Balderton Capital is announcing it has closed a new $145 million “secondary” fund dedicated to buying equity stakes from early shareholders in European-founded “high growth, scale-up” technology companies. [ Tech Crunch ] Coinbase, the startup at the core of the crypto craze, is now considered an $8 billion companyThe company is in talks with Tiger Global and its current shareholders for an investment of up to $500 million, according to people familiar with the matter. Coinbase is expected to add about $250 million in new money to its own coffers, the people said, and as much as $250 million more could go to buying out existing investors, though the exact amount has yet to been determined. Ohanian’s Initialized raises $225M 4th fund to turn founders into cyborgsThanks to Garry Tan, Alexis is more than just Serena Williams' husbandNow Initialized Capital has raised enough money to tackle its next challenge: the Series A crunch. Their first fund of just $7 million in 2011 taught them to be scrappy, and consider nascent companies yet to find product market fit. But even with their $39 million 2013 fund, and the $115 million third one they raised in 2016, they didn’t have enough cash to always follow on or fill out rounds of their 100 portfolio companies
the way they hoped. [ Tech Crunch ] David Ulevitch is now a general partner at Andreessen Horowitz — a big get and the firm’s fourth new GP since JuneDavid Ulevitch has had some strange dealings with investors over the years. Now, Ulevitch is himself one of them. The founder of OpenDNS, a company that sold to Cisco in 2016, is disclosing today that he has joined the venture firm Andreessen
Horowitz (a16z) as its newest general partner. He is the fourth general partner to be announced by the firm since it brought aboard former federal prosecutor Katie Haun back in June. [ Tech Crunch ] IVP boosts team with two hires and a promotionLate-stage venture firm IVP said Louisa Xu joined as a vice president and Jake Storm came on board as an associate. In addition, the firm promoted Armaan Ali to senior associate. Xu will focus on consumer and enterprise companies. Prior to joining IVP, she was with GIC’s technology investment group. [ PE HUB ] Checkout IVP's Deals, Exits and Fund Raised Data. Uber investor Benchmark is raising latest $425 million venture fund without two key partners
Checkout Benchmark's Deals, Exists and Fund Raised Data. Security startup Tanium raises another $200M at a $6.5B valuationSecurity continues to remain top of mind for organizations and consumers, as each day seems to bring another high-profile network breach. One of the faster-growing startups in the space is capitalising on that by raising some significant funding to fuel its growth. Tanium today said that it has raised another $200 million in funding with a pre-money valuation of $6.5 billion. The funding was led by Wellington Management, with Baillie Gifford & Company and Adage Capital Management LP also participating.. [ Tech Crunch ] Check out Brightwheel's major investor - Startup Nation: The most valuable VC-backed company in each US stateSilicon Valley is the undisputed tech capital of the US—but that doesn't mean California is the only place that produces valuable companies. To highlight VC activity in the rest of the country, we've created an interactive map showing the most valuable venture-backed company in each state and the District of Columbia. [ Pitch book ] Brightwheel Bags $21 Million Series B Round to Support Childcare ProvidersBrightwheel, a San Francisco-based startup that offers program management software for early-childcare providers, has raised $21 million in a Series B round led by Bessemer Venture Partners. Omidyar Network, Chan Zuckerberg Initiative, Eniac Ventures, GGV Capital, Golden Venture Partners and Lowercase Capital also participated in the round. The company has now raised close to $34 million in venture capital. [ ED Surge ] Deals, Exits, and Fund Raised data on our platform. Cover collects $16M to insure your gadgets, pets… anythingPeople procrastinate about buying insurance because it’s such a boring and complicated chore to compare policies. But Cover combines plans from 45 insurance companies into a single marketplace so it’s easy to find the best one for your car, home, rental, business, personal property, pets, jewelry and more. Now Cover is building powerful onboarding tricks like a driving school that earns you lower car insurance rates, and a way for Shopify merchants to sell warranties for their items. [ Tech Crunch ] Check out Cover's major investor - Cybersecurity's banner year keeps rolling with Tanium's $200M fundraiseTanium, which provides cybersecurity services for large companies and government organizations including the US Armed Forces, has raised $200 million at a post-money valuation of $6.7 billion. That makes Tanium the 12th most valuable VC-backed company in the US, per PitchBook data. [ Pitch Book ] |