Sourcery (3/14-3/18)
Theranos Drop ~ ConsenSys, Aptos, Gauntlet, AcreTrader, Compete, Freightpay, House Rx, Vira, Medme, FLASH, SiFive, Webflow, Linktree, Rutter, Nautilus Labs, Loveseat, Modern Intelligence, ShipsKart..
Hello from 80° and sunny LA
Just got back from a trip to NYC where the weather was kind-of almost as nice, and miraculously everyone was overjoyed with SAD relief… but the real highlights of the trip were:
Hosting Upfront Ventures NYC Tech Friends event at Wheelhouse’s Tribeca townhouse (frmr home of Channing Tatum) alongside friends like Sunny & Sugam from Point72 Ventures, and Jason from NYC-focused Primary. Thank you to all who joined!
If you’re interested in attending an Upfront event in the future, sign up here
Visiting Rally’s SoHo office next to the chic Crosby Hotel and across from sceney Sant Ambroeus, with the real pièce de résistance being this blood-dropping iconic Theranos centrifuge. Amanda Seyfried, I mean, Elizabeth Holmes, would be proud. Rally is a platform for buying & selling equity shares in collectible assets, and maybe, just maybe, you’ll be able to own a piece of this... or get a piece of my favorites, their collections of fractionalized NFTs like BAYC, Cryptopunks, WoW, etc.
Disclosure: Upfront is an investor in Rally
Follow us on Twitter or Linkedin for just the top deals recap
. . .
Last Week (3/14-3/18):
Relevant deals include the 60+ deals across stages below.
I've categorized the deals below into four categories, Fintech, Care, Enterprise & Consumer, and Sustainability, and ordered from later-stage rounds to early-stage rounds. Highlighted deals include: Cross River Bank, ConsenSys, Aptos, Optimism, Wasoko, Cowbell Cyber, FanCraze, Mina, Bazaar, Socotra, EarnUp, Magic Eden, Gauntlet, AcreTrader, Compete, Stellar, Payrails, Freightpay, Circuit Clinical, House Rx, Vira, MedMe, Legion, FLASH, SiFive, Webflow, Linktree, Cresta, Bobbie, Rutter, TruEra, 100ms, Pallet, Dorian, Protege, Loveseat, Justpoint, Liveblocks, Oorbit, Twelve Labs, Modern Intelligence, ShipsKart, Chestnut Carbon, Heirloom Carbon, Mori, Nautilus Labs, Tender Foods, Cambium Carbon; Attivo Networks, AMC Entertainment, Fair Technologies, Tradesy, Datto
More M&A, less IPOs & SPACs. The exit market is looking less opportunistic and more strategic.
Final numbers on PE-Backed M&A and Greenhouse Gas Investment at the bottom.
Deals
Sources: TS, Pro Rata, FinSMEs, Pitchbook, StrictlyVC
Fintech:
- Cross River Bank, a Fort Lee, N.J.-based lender to fintech companies, is closing in on a $600m investment at a valuation north of $3b, per Bloomberg. Andreessen Horowitz and Eldridge Industries are co-leading, with T. Rowe Price and Whale Rock also participating. http://axios.link/vwxm
- ConsenSys, a Brooklyn-based Ethereum and decentralized protocols software company, raised $450 million in Series D funding led by ParaFi Capital and was joined by investors including Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, C Ventures, Third Point, Marshall Wace, TRUE Capital Management, and UTA VC.
- Aptos, a Palo Alto-based blockchain startup from some of Meta's old crypto team, raised $200m. Andreessen Horowitz led, and was joined by Tiger Global, Katie Haun's new firm, Multicoin Capital, 3 Arrows Capital, FTX Ventures and Coinbase Ventures. http://axios.link/lume
- Optimism, a layer 2 blockchain on Ethereum aiming to reduce transaction costs and speed up the network, raised $150 million in Series B funding led by a16z Crypto and Paradigm.
- Wasoko, formerly Sokowatch, raised $125 million in Series B funding led by Tiger Global and Avenir Growth Capital and was joined by investors including VNV Global, Binny Bansal, Sujeet Kumar, Quona Capital, 4DX Ventures, Golden Palm Investments, and JAM Fund.
- Cowbell Cyber, a Pleasanton, Calif.-based cyber insurance provider for small and medium-sized companies, raised $100 million in Series B funding led by Anthemis Group and was joined by investors including Permira Funds, PruVen Capital, NYCA Partners, Viola Fintech, and others.
- FanCraze, a cricket NFT startup, raised approximately $100 million in Series A funding. B Capital Group and Insight Partners led the round and were joined by investors including Cristiano Ronaldo and others.
- The Mina Ecosystem, a blockchain protocol, raised $92 million through a coin sale led by FTX Ventures and Three Arrows Capital and were joined by investors including Alan Howard, Amber Group, Blockchain.com, Brevan Howard, Circle Ventures, Finality Capital Partners, Pantera, and others.
- Bazaar, a Karachi, Pakistan-based B2B e-commerce and fintech platform, raised $70 million in Series B funding. Dragoneer Investment Group and Tiger Global Management led the round and were joined by investors including Indus Valley Capital, Defy Partners, Acrew Capital, Wavemaker Partners, B&Y Venture Partners, and Zayn Capital.
- Socotra, a San Francisco-based core platform for insurtech companies, raised $50 million in Series C funding led by Insight Partners and was joined by investors including 8VC, Portage Ventures, Brewer Lane, MS&AD Ventures, and Nationwide Ventures.
- EarnUp, an S.F.-based fintech serving the mortgage industry, raised $31m in Series C funding from LendingTree, KeyBank, Bain Capital Ventures, SignalFire, Blumberg Capital and Flourish Ventures. http://axios.link/RIO0
- Moonshot Brands, an Oakland-based e-commerce aggregator, raised $30m in equity. Anthemis led, and was joined by YC and Garage Capital. The company also secured a $150m credit facility. http://axios.link/WYWY
- Magic Eden, an NFT marketplace on Solana, raised $27 million in Series A funding led by Paradigm and was joined by investors including Sequoia, Electric, Greylock, Kindred, Variant, and the Solana Foundation.
- Gauntlet, a startup servicing DAOs and protocols, raised $23.8m in Series B funding at a $1b valuation. Ribbit Capital led, and was joined by the Paradigm and Polychain. http://axios.link/Ncfk
- Clockwork, a Palo Alto, Calif.-based tech developer of time-sensitive applications for the financial trading, tech, and online gaming industries, today raised $21 million in Series A funding led by NEA and was joined by angel investors including founder of Hennessey Performance John Hennessey, Ram Shriram, Neeraj Bharadwaj, and Jerry Yang.
- AcreTrader, a Fayetteville, Ark.-based land transaction platform, raised $20 million in Series B+ funding led by Drive Capital.
- Treehouse, a DeFi portfolio analytics platform, raised $18 million in seed funding from investors including Lightspeed Venture Partners, Binance, MassMutual Ventures, Mirana Ventures, Global Founders Capital, Jump Capital, GSR, Wintermute, Do Kwon, and angel investors from SoftBank Vision Fund.
- Compete, a Ramat Gan, Israel-based compensation and benefits benchmarking SaaS platform, raised $15 million in Series A funding led by Tiger Global and was joined by investors including Aleph and Vine Ventures.
- Stellar, an Austin, Texas-based credit-building startup, raised $7m. Acrew Capital and Trust Ventures co-led, and were joined by Accomplice, Fiat Ventures, Vera Equity, Permit Ventures and Kindergarten Ventures. www.stellarcred.com
- Payrails, an “operating system for payments,” raised $6.4m in seed funding led by Andreessen Horowitz. http://axios.link/7BCa
- Formfunction, a San Francisco-based NFT marketplace on Solana, raised $4.7 million in seed funding led by Variant Fund and was joined by investors including Solana Ventures, Canonical Crypto, Pear VC, Palm Tree Crew Crypto, and OpenSea Ventures.
- Zitti, a Los Angeles-based payment and credit platform for food industry management, raised $4 million in funding led by Crossbeam Venture Partners and was joined by investors including Vera Equity and Broadhaven Ventures.
- Coinbooks, an account platform for crypto companies and DAOs, raised $3.2 million in funding led by Y Combinator, Multicoin Capital, Lattice Capital, Polygon's founders, Seed Club Ventures, Orange DAO, and others.
- Freightpay, an L.A.-based payment platform for global logistics and freight forwarders, raised $2m. Defy.vc led, and was joined by Better Tomorrow Ventures and participation from BAM Ventures, Flexport and Socially Financed. www.freightpay.io
. . .
Care:
- Circuit Clinical, a Buffalo, N.Y.-based research organization, raised $29 million in Series C funding led by Breakout Investment Partners and was joined by investors including Laboratory Corporation of America, 3DS Investments SAS, WNY Impact Investment Fund, Breakout Investment Partners, LaunchNY Seed Fund, and Rochester Angel Network.
- House Rx, an SF-based specialty pharmacy startup, raised $25m in Series A funding led by Bessemer Venture Partners. http://axios.link/20JI
- Apollo Neuro, a Pittsburgh, Pa.-based touch therapy wearable, raised $15 million in Series A funding led by the Noetic Fund and was joined by golfer Greg Norman as an angel investor.
- Canopy, a New York-based oncology care platform, raised $13 million in funding led by GSR Ventures and was joined by investors including Samsung Next and UpWest. Geoff Calkins and Chris Mansi joined as angel investors.
- Vira Health, a London-based women’s health company focused on menopause, raised $12 million in funding from investors including Octopus Ventures and Optum Ventures.
- OpenLoop, a Des Moines, Iowa-based hiring platform for physicians and health care providers, raised $8 million in Series A funding led by SpringTide Ventures and was joined by investors including ManchesterStory, Next Level Ventures, Panoramic Ventures, ISA Ventures, and others.
- MedMe Health, a Canadian web-based virtual care and clinical services platform, raised $2.7 million in seed funding led by M12 and was joined by investors including Graphite Ventures, Y Combinator, and MaRS IAF.
- Legion Health, an Austin, Texas-based mental health marketplace, raised $2m in seed funding from YC, UpHonest Capital and Soma Capital. www.legion.health
. . .
Enterprise & Consumer:
- FLASH, an Austin-based cloud parking software, raised more than $250 million in funding led by Vista Equity Partners and was joined by investors including L Catterton.
- SiFive, a San Mateo, Calif.-based microchip computing company, raised $175 million in Series F funding led by Coatue Management.
- Webflow, a San Francisco-based web design and hosting platform, raised $120 million in Series C funding led by YC Continuity and was joined by investors including CapitalG, Accel, Silversmith, and Draper Associates.
- Talent.com, a Montreal-based job searching platform, raised $120 million in Series B funding led by Inovia Capital and was joined by investors including Caisse de dépôt et placement du Québec (CDPQ), Investissement Québec, Climb Ventures, BDC Capital, Fondaction, and HarbourVest Partners.
- Linktree, a Melbourne, Australia-based social identity link-in-bio platform, raised $110 million in funding. Index Ventures and Coatue Management led the round and were joined by investors including AirTree Ventures, Insight Partners, and Greenoaks.
- Snappt, a Los Angeles-based fraud detection company for rental applications, raised $100 million in Series A funding led by Insight Partners.
- Cresta, an SF-based contact center intelligence company, raised $80m in Series C funding at a $1.6b valuation. Tiger Global led, and was joined by Genesys, Five9, JPMorgan Chase, CarMax, Zoom and insiders Sequoia Capital, Greylock Partners, Andreessen Horowitz and Porsche. www.cresta.ai
- dscout, a Chicago-based experience research platform, raised $70 million in Series C funding led by Guidepost Growth Equity.
- Hydrow, a Cambridge, Mass.-based at-home connected rowing startup, raised $55m in Series D funding. Constitution Capital led, and was joined by Liberty Street, Activant Capital and Sandbridge Capital and insiders L Catterton and RX3 Ventures. http://axios.link/abDe
- ChannelEngine, a Leiden, Netherlands-based online marketplace integration platform, raised $50 million in Series B funding led by Atomico and was joined by investors including General Catalyst, Inkef, and Airbridge Equity Partners.
- Perlego, a London-based online textbook subscription service, raised $50 million in Series B funding led by Mediahuis Ventures and was joined by investors including Raine Ventures and Evli Growth Partners. Angel investors Jamie Brooker and Johan Brand also invested in the round through their fund, We Are Human.
- Bobbie, a San Francisco-based organic infant formula company, raised $40 million in Series B funding led by Park West and was joined by investors including VMG and NextView. AirAngels provided more than 100 new investors to the founders of Bobbie as well.
- OXIO, a New York-based telecom-as-a-service platform for brands and enterprises, raised $40 million in Series B funding led by ParaFi Capital and was joined by investors including Digital Currency Group, Ascend, Leyden, Multicoin Capital, Monashees, Atlantico Capital, FinTech Collective, Allan Green, and angel investors from LightShed Partners and Sea Group.
- Bambee, an LA-based provider of HR management software for small businesses, raised $30m in Series C funding from SoftBank, QED, AlphaEdison, Mucker Capital and Gaingels. https://dot.la/bambee-hr-help-2656979081.html
- Todyl, a Denver, Colo.-based security and networking company, raised $28 Million in Series A funding led by Anthos Capital and was joined by investors including Tech Operators, Blu Ventures, and StoneMill Ventures.
- Rutter, a San Francisco-based API platform for commerce data, raised $27 million in Series A funding led by Andreessen Horowitz and was joined by investors including Comma Capital, Mischief Capital, Basis Set Ventures, Haystack, the Chainsmokers and angels from Plaid, Modern Treasury, RedHat, and Airwallex.
- TruEra, a Redwood City, Calif.-based A.I. quality management solutions platform, raised $25 million in Series B funding led by Menlo Ventures and was joined by investors including Greylock Partners, Wing Venture Capital, Harpoon Ventures, Conversion Capital, the Data Community Fund, Forgepoint Capital, and the Ascent Fund.
- TruEra, a Redwood City, Calif.-based provider of AI quality management solutions, raised $25m in Series B funding. Menlo Ventures led, and was joined by Greylock, Wing VC, Harpoon Ventures, Conversion Capital, Data Community Fund, Forgepoint Capital and B Capital Group. www.truera.com
- Logically, a London-based mis- and disinformation A.I. platform, raised $24 million in funding led by Vitruvian Partners and was joined by investors including Amazon Alexa Fund, XTX Ventures, and the Northern Powerhouse Investment Fund.
- Quadric, a Burlingame, Calif.-based edge processing platform, raised $21 million in Series B funding led by NSITEXE, Inc. and was joined by investors including MegaChips, Leawood VC, Pear VC, Uncork Capital, and Cota Capital.
- 100ms, a San Francisco-based live video infrastructure startup, raised $20 million in Series A funding led by Alpha Wave Incubation and was joined by investors including Matrix Partners India, LocalGlobe, Accel, and Strive.vc.
- RightBound, a Kirkland, Wash.-based developer of an autonomous sales prospecting engine, raised $15.5 million in Series A extension funding led by Innovation Endeavors and was joined by IBI Tech Fund.
- Pallet, an Everett, Wash.-based developer of portable shelter systems for the homeless, raised $15 million in funding led by DBL Partners and the Citi Impact Fund and was joined by other investors.
- Dorian, a Walnut, Calif.-based “women-first” game platform, raised $14m in Series A funding. Raine Group led, and was joined by March Gaming, London Venture Partners, VGames, Gaingels and Graham & Walker. http://axios.link/QLnE
- Sundays for Dogs, a New York-based pet food brand, raised $10m in Series A funding led by Imaginary Ventures. www.sundaysfordogs.com
- LILA Games, a Bangalore, India-based mobile game studio, raised $10 million in Series A funding led by Rainfall and was joined by investors including BITKRAFT Ventures, Galaxy Interactive, Sequoia Capital, and KRAFTON.
- PingPod, a New York-based ping pong company providing 24/7 access to its locations, raised $10 million in Series A funding led by Sequoia Heritage and was joined by investors including KittyHawk Ventures and Draper Gain Family Office.
- TravelX, a blockchain-based distribution protocol for the travel industry, raised $10m in seed funding. Borderless Capital led, and was joined by GoldenTree, Algorand, Draper Cygnus, Myelin Capital and Monday Capital. www.travelx.io
- Protégé, a Chicago-based video audition platform for the fashion, entertainment, business, sports, and content industries, raised $8.5 million in seed funding led by Sequoia and was joined by investors including Lionel Richie, Cameo’s CEO & co-founder Steven Galanis, Ben Simmons, Roc Nation, Jason Alexander, Scooter Braun’s TQ Ventures, Gryffin, and artist and producer Sam Feldt.
- Kinde, a Sydney-based infrastructure software company for SaaS teams, raised AUD $10.6 million ($7.55 million) in seed funding led by Blackbird Ventures and was joined by investors including Felicis Ventures.
- Solo, a Fremont, Calif.-based vehicle hardware company for the freight transportation industry, raised $7 million in seed funding led by Trucks VC and was joined by investors including Maniv Mobility and Wireframe Ventures.
- Contingent, a London-based supplier insight and risk platform, raised $8.2 million in funding led by Octopus Ventures and was joined by investors including Connect Ventures, Concentric, Seedcamp, Ascension, and Working Capital Innovation Fund.
- Loveseat, an Austin, Texas-based marketplace for returned goods, raised $7m led by Bessemer Venture Partners. http://axios.link/xjIK
- Challenger, a San Diego-based on-demand video game wagering platform, raised an undisclosed amount of funding from SeventySix Capital, Revel and Acies Acquisitions. www.playchallenger.com
- Justpoint, a New York-based company connecting plaintiffs to attorneys using A.I., raised $6.9 million in seed funding. Divergent Capital and Charge Ventures led the round and were joined by investors including Crossbeam Venture Partners, Honeystone Ventures, Interplay.vc, Weekend Fund, Vijay Krishnan, Jackson Moses, and Ali Moiz.
- Liveblocks, a collaboration startup for teams, raised $5 million in seed funding from investors including Atlassian, Boldstart, Seedcamp and others.
- Oorbit, an entertainment platform in the metaverse, raised $5 million in seed of funding from investors including Mark Cuban, Pixelynx (co-founded by artist deadmau5) and HOF Capital.
- Twelve Labs, a San Francisco-based video search company, raised $5 million in seed funding led by Index Ventures and was joined by investors including Radical Ventures, Expa, and Techstars Seattle. Dr. Fei-Fei Li, Scale AI CEO Alex Wang, and Patreon CEO Jack Conte joined as angel investors.
- Modern Intelligence, an Austin, Texas-based AI startup focused on the defense sector, raised $5m in seed funding. Bedrock led, and was joined by Vine Ventures, Air Street Capital and Contrary Capital. http://axios.link/fDoA
- New Era ADR, a Chicago-based virtual mediation and arbitration platform for legal disputes, raised $4.6 million in seed funding led by Nextview Ventures and was joined by investors including Jump Capital, Motivate Ventures, and Alumni Ventures. David Kalt, Sean Chou, Pete Kadens, and Lon Chow joined the round as angel investors.
- Omnia Fishing, a Golden Valley, Minn.-based online tackle store for the fishing industry, raised $4 million led by Dundee Venture Capital and Founder Collective and was joined by investors including Great North Ventures and others.
- Retrocausal, a Redmond, Wash.-based provider of quality assurance systems for manufacturers, raised $3.4 million in funding led by Glasswing Ventures and Differential Ventures and was joined by investors including Argon Ventures, Ascend Ventures Vietnam, and Hypertherm Ventures.
- ShipsKart, a Singapore-based maritime and offshore supply chain e-commerce solution, raised $2.7 million in Series A funding led by TMV and Hermes Offshore and was joined by investors including Tradeworks.vc, Motion Ventures, and Wami Ventures Ltd.
- Cake Equity, a Queensland, Australia-based equity management platform, raised $2.2 million in seed funding led by LAUNCH, TheSyndicate.com, and Rampersand, with angel investors Jonathan Lui and Guy Pearson.
. . .
Sustainability:
- Chestnut Carbon, a New York-based startup focused on generating carbon-offset credits from forests, secured up to $200m from Kimmeridge Energy Management. http://axios.link/x3sA
- Heirloom Carbon Technologies, an SF-based carbon capture startup, raised $53m from Breakthrough Energy Ventures, Microsoft Climate Innovation Fund, Lowercarbon Capital, Breyer Capital, TIME Ventures, Seven Seven Six and the Grantham Environmental Trust. http://axios.link/tln9
- Once Upon a Farm, a Berkeley, Calif.-based children’s organic foods company, raised $52m in Series D funding. CAVU Venture Partners led, and was joined by S2G Ventures, Cambridge and Beechwood. http://axios.link/S3rM
- Mori, a Boston-based food tech company focused on extending shelf-life, raised $50 million in Series B1 funding led by Prelude Ventures and was joined by investors including The Drawdown Fund, Acre Venture Partners, The Engine, Refactor Capital, Blindspot, Closed Loop Partners, Knollwood Investment Advisory, Collaborative Fund, and Thia Ventures.
- Nautilus Labs, a New York-based marine logistics software platform for ocean commerce, raised $34 million in Series B funding from investors including M12, the Microsoft Climate Innovation Fund, NSS Advisors, Systemiq Capital, Root Ventures, Quiet Capital, TMV, and Amplifier.
- Plantish, a Rehovot, Israel-based alt-seafood company, raised $12.45 million in seed funding led by State Of Mind Ventures and was joined by investors including Pitango, Unovis Capital, TechAviv Founder Partners, SmartAgro, E2JDJ, Alumni Ventures, and OurCrowd.
- Tender Foods, a Boston-based developer of plant-based meals, raised $12m in seed funding. Lowercarbon Capital led, and was joined by Rhapsody Venture Partners, Natalie Portman, Safar Partners, Bread and Butter Ventures and MCJ Collective. www.tenderfood.com
- Cambium Carbon, an Albuquerque-based reforestation startup, raised $3.2m in seed funding. MaC VC led, and was joined by Soma Capital, Joe Tsai, Rise of the Rest and Blue Ivy Ventures. www.cambiumcarbon.com
Acquisitions & PE:
- JPMorgan Chase (NYSE: JPM) agreed to buy Global Shares, an Ireland-based provider of software for managing employee stock plans. Sellers include Motive Partners. http://axios.link/BQXg
- Local Bounti (NYSE: LOCL) agreed to acquire Pete's, a Carpinteria, Calif.-based indoor farming company, for $122.5m in cash and stock. Sellers include True West Capital Partners and Mosaic Capital Partners. http://axios.link/LFly
- SentinelOne (NYSE: S) agreed to buy Attivo Networks, a Fremont, Calif.-based identity security and lateral movement protection company, for $616.5m in cash and stock. Attivo had raised $56m from firms like Bain Capital Ventures, Forgepoint Capital, Omidyar Network, Singtel Innov8, Energy Impact Partners, Trend Forward Capital and Doorga Capital. http://axios.link/r8tN
- Clarify Health acquired Embedded Healthcare, a Washington D.C.-based behavior change platform company. Financial terms were not disclosed.
- AMC Entertainment (NYSE: AMC) agreed to invest $56m in Nevada-based gold and silver producer Hycroft Mining (Nasdaq: HYMC). Nope, I don't get it either. http://axios.link/fLpN
- Amazon received approval from The European Commission to acquire Metro-Goldwyn-Mayer, a Beverly Hills-based film studio, for $8.45 billion.
- Vestiaire Collective acquired Tradesy, a Los Angeles-based luxury fashion resale platform. Financial terms were not disclosed.
- Shift agreed to acquire Fair Technologies’, a Santa Monica, Calif.-based vehicle leasing platform, deal listing marketplace tech. As part of the deal, SoftBank agreed to purchase Shift's senior unsecured notes due in 2025.
- Zebra Technologies agreed to acquire Matrox Imaging, a Montreal-based developer of advanced machine vision components and systems. Financial terms were not disclosed.
- Fullscript, a portfolio company of HGGC and Snapdragon Capital Partners, bought Emerson Ecologics, a Manchester, N.H.-based nutritional supplements distributor, from Liberty Lane Partners (which retains a minority stake). www.fullscript.com
- Datto (NYSE: MSP) is exploring strategic alternatives, including a possible sale, after receiving a takeover approach, per Bloomberg. Vista Equity holds around a 69% stake in the Norwalk, Conn.-based cloud backup and security software firm, which has a $3.8b market cap. http://axios.link/5wRv
- Glencore (LSE: GLEN) agreed to spin off its CSA copper mine in Australia via a $1.1b merger with a SPAC called Metals Acquisition Corp. (NYSE: MTAL). http://axios.link/pOKo
. . .
IPOs:
~ Nothing to see here
- Discord, a San Francisco-based instant messaging platform, is in talks with bankers to go public, per Bloomberg. A deal could value the company at around $15 billion. Index Ventures, Greylock Partners, Benchmark, and Spark Capital back the company.
. . .
SPACs:
~ Nothing to see here either
Funds:
- Polaris Partners raised $286m for its second growth fund, per an SEC filing.
- Propel Bio Partners, an LA-based VC firm led by former Athira Pharma CEO Leen Kawas and Kayne Anderson founder Richard Kayne, is raising $150m for its debut fund, per an SEC filing.
- Slack, a San Francisco-based business communication platform, raised $100 million for a third fund focused on founders focused on collaboration, mental health and wellness, coaching, and hardware.
Final Numbers
Source: Refinitiv Deals Intelligence. Data through March 17, 2022.
Data: PwC; Chart: Jared Whalen/Axios
Investment in greenhouse gas (GHG) capture, removal and storage has grown in recent years.
The material presented on Molly O’Shea’s website are my opinions only and are provided for informational purposes and should not be construed as investment advice. It is not a recommendation of, or an offer to sell or solicitation of an offer to buy, any particular security, strategy, or investment product. Any analysis or discussion of investments, sectors or the market generally are based on current information, including from public sources, that I consider reliable, but I do not represent that any research or the information provided is accurate or complete, and it should not be relied on as such. My views and opinions expressed in any website content are current at the time of publication and are subject to change. Past performance is not indicative of future results.
Molly I can’t say this enough. This publication you put out is essential to what we do in tech. Seeing the deals. Getting your opinion really helps a lot. Thank you for being the voice in the Venture capital world and deals going on in tech.
Thank you will do that. And have. This is a great publication you put out. I always enjoy reading. And really like seeing all the deals. You are so innovative.