Sourcery (6/20-6/24)
Proof of Work ~ FalconX, Magic Eden, Prime Trust, Openly, Jackpot, Aidaly, Tingono, Vergo, Abacus Insights, AiVF, MyOme, Rivet, August Health, Global Premier Fertility, Vamstar, Personio, Platform.sh
The comeback of diligence and data rooms
Sorry, a notion page is likely no longer suitable.
After a record long bull market we have turned to bear territory and the power dynamics have shifted back to the capital allocators. Investors are more cautious, want to see real proof of work, and really get to know founders and their characters. And in turn, diligence is going to take longer. The 2 day funding flip will turn to 2-3-4+ weeks, and founders have to be organized and prepared to show their work. Data room requests, technical analysis, working product demos, reviewing infrastructure, bank statements, financials, and customer reference calls are all a part of the plan.
A negative consequence that excess capital has bestowed upon the tech industry was immediate gratification, and a littleeeee pinch of entitlement. There was little competition as everything and everyone was getting capital, and more so if you slapped web3 in the deck. First time founders hit the lottery, raising mostly just on ideas, but the lottery only can get you so far if you’ve burned your money too fast on things that didn’t return the expenditure. Sky high multiples were doled out with no working products, revenue, or at minimum, extensive market research and user feedback against a prototype. Leadership that had no experience running teams, creating culture, shipping products, forecasting burn or expenses, now have to face reality that they have to manage all of that, prove growth, and navigate this ominous market. It is an awakening period for productivity, moving from investing in promise to investing in performance. We must show our work.
The story is the same for fund managers who kept up with market pressure and shelled out large sums of capital from one phone call to hype projects and ‘hot’ deals. A risky asset class became blindly riskier. New small or single-GP funds that took hard bets might get rolled up or have positions in their companies bought by larger funds with fresh/excess dry powder. All in all, tourist season for both founders and investors is coming to a close, and the ones fit to weather the storm will come out stronger.
On a lighter note, positive externalities of this bull market could be the accessibility given to individuals to experiment, leave their old jobs for creative pursuits, grow their careers, test out new waters, make mistakes, learn, and take a little risk (🤞🏼). It has also given more room for areas that have received historically no attention, like sustainability & climate (see the seaweed deal below), black founders & LPs, female founders & LPs, and more. Let’s just make sure those categories don’t get pushed to the side as wallets tighten.
Some readings:
How period tracking apps and data privacy fit into a post-Roe v. Wade climate, NPR
Flo has over 43M users & 200M downloads! Clue has 12M MAUs!
Reducing Inflation Will Come at a Great Cost: Stagflation, Ray Dalio
Must Watch: Economics 101 How The Economic Machine Works on spending, credit/debt, productivity growth, cycles, recessions, depressions, deficits
Billionaire Ray Dalio Warns Of Stagflation, Calls Fed 'Naïve And Inconsistent' For Raising Interest Rates, Business Insider
The End of the Millennial Lifestyle Subsidy, The Atlantic
Here's what the (likely) upcoming US recession will look like (probably), Faster,Please!
“We are not particularly concerned about [a financial crisis] or more broadly about major financial imbalances that would need to slowly unwind in a recession because private sector balance sheets remain robust.” Goldman Sachs
Bankman-Fried’s FTX Is Seeking a Path to Buy Robinhood, Bloomberg
Timeless Lessons From the 2020-2022 Cycle, Ben Carlson
Recognizing the crazy 2020-2022 market environment & lessons learned
Free Cash Flow - How Much Does It Matter? Jamin Ball @ Altimeter
Understanding the evolution of cloud/SaaS businesses
Michael Burry's 'Bullwhip' Tweet Deserves Serious Attention, Bloomberg
. . .
Last Week (6/20-6/24):
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: FalconX, Magic Eden, Prime Trust, Openly, Jackpot, Aidaly, Tingono, Vergo, Abacus Insights, AiVF, MyOme, Rivet, August Health, Global Premier Fertility, Vamstar, Nibble Health, Personio, Platform.sh, JobGet, CloudNC, WingCopter, Appsmith, Jit, Sanas, Strapi, &Open, LogRocket, TruEra, Pocus, Join, Eppo, CloudQuery, ConductorOne, RapidFort, Saysh, SeekFlow, Myria, mpathic, Rerun, Electric Hydrogen, Zap Energy, Amogy, ESG Book, Vibrant Planet, Connected Energy, Epoch Biodesign, Synop, Symbrosia, Post Script Media; Twitter, Mondelez/Clif Bar, Reddit/Spell, SteadyMD/BlocHealth, eBay/KnowOrigin, Datto, Material Bank, Deel
Notable funds raised include Brookfield raised $15b for an energy transition-focused private equity fund, of which around $2.5b already had been deployed, and Vine Ventures, a New York-based early-stage VC firm, raised $140m for its second fund. LPs include Tiger Global.
Final numbers on % Change in S&P 500 During Recessions at the bottom.
Deals
Sources: TS, Pro Rata, FinSMEs, Pitchbook, StrictlyVC
Fintech:
- FalconX, a San Francisco-based digital asset platform, raised $150 million in Series D funding. GIC and B Capital led the round and were joined by investors including Thoma Bravo, Wellington Management, Adams Street, and Tiger Global Management.
- Magic Eden, a San Francisco-based NFT marketplace, raised $130 million in Series B funding. Electric Capital and Greylock led the round and were joined by investors including Lightspeed Venture Partners, Paradigm and Sequoia Capital.
- Prime Trust, a provider of infrastructure for digital asset services providers, raised over $100m in Series B funding from FIS, Fin Capital, Mercato Partners, Kraken Ventures, Commerce Ventures, William Blair & Co., Decasonic, University Growth Fund, Gaingels, GateCap Ventures and Seven Peaks Ventures. www.primetrust.com
- Ledger Investing, a New York-based online marketplace that connects capital with insurance risk, raised $75m in Series B funding. WestCap led, and was joined by Ontario Teachers' Pension Plan, Intact Insurance and insiders SignalFire, MassMutual Ventures, Allegis Capital and Accel. www.ledgerinvesting.com
- Openly, a Boston-based homeowners insurance startup, raised $75m in Series C funding from Advance Venture Partners, Clocktower Ventures, Obvious Ventures, Gradient Ventures, PJC Ventures, Techstars and Mtech. www.openly.com
- Stashfin, a Singapore-based neobank, raised $70m in Series C equity funding. Uncorrelated Ventures, Abstract Ventures and Fasanara Capital were joined by insiders Altara Ventures, Kravis Investment Partners and Snow Leopard. The company also secured $200m in new debt funding. http://axios.link/kss4
- Playter, a London-based provider of BNPL solutions for SMEs, raised $55m in equity and debt funding from firms like Adit Ventures and Fasanara Capital co-led, and were joined by Fin Capital, Act VC and 1818 Ventures. www.playter.co
- Wahed, a New York-headquartered Islamic investment platform, raised $50m in Series B funding. Wa'ed Ventures led, and was joined by the Saudi Aramco Entrepreneurship Center. http://axios.link/TdXH
- Jackpot, a San Francisco-based online lottery ticket app and platform, raised $35 million in Series A funding. Accomplice and Courtside Ventures co-led the round and were joined by investors including the Kraft Group, Michael Rubin, Haslam Sports Group, Elysian Park Ventures, Arctos Sports Partners, Sapphire Sport, Theo Epstein, Fenway Sports Group President Mike Gordon, DraftKings co-founder and CEO Jason Robins, NBA stars James Harden and Joel Embiid, and other angels.
- Keyway, a New York-based commercial real estate technology platform, raised $25 million in Series A funding. Camber Creek led the round and was joined by investors including Canvas Ventures, Crosscut, Montage Ventures, Thomvest, and Parker89.
- Tapcheck, a Tarzana, Calif.-based earned wage access platform, raised $20 million in Series A funding from PeakSpan Capital.
- PayGlocal, a New Delhi-based cross-border payments startup, raised $12m. Tiger Global and Sequoia Capital India co-led, and were joined by BeeNext. http://axios.link/LEKQ
- Aidaly, a Boston-based compensation and financial services provider to family caregivers, raised $8.5 million in funding. Alexis Ohanian's Seven Seven Six led the round and was joined by investors including Lightspeed Venture Partners, Operator Partners, Precursor Ventures, Primetime Partners, Scribble, Shrug, Polymath, TVC, and other angels.
- Tingono, a San Francisco-based revenue retention and expansion company, raised $6.7 million in seed funding. Foundation Capital led the round and was joined by investors including Pathbreaker Ventures, Xfund, Flying Fish Partners, and other angels.
- Kasheesh, a New York-based digital payment platform, raised $5.5 million in funding. Tribe Capital, Anthemis, Courtside Ventures, NFL athlete Odell Beckham Jr, investor Sahil Bloom, and actor Robin Wright invested in the round.
- Vergo, a New York-based financial platform for the home building and renovation industry, raised $4.1 million in seed funding. CRV led the round and was joined by investors including Nine Four Ventures, Forum Ventures, and other angels.
- Laka, a London-based collective insurer for bike and e-bike owners, raised $1.5m in new Series A funding from Porsche Ventures (round total now $13.5m). www.laka.co
. . .
Care:
- Abacus Insights, a Boston-based payer-facing health care data management company, raised $28m in Series C funding. MultiPlan Corp. led, and was joined by insiders Blue Venture Fund, CRV, .406 Ventures, Horizon Healthcare Services Inc. and Echo Health Ventures. www.abacusonsights.com
- Florence Healthcare, an Atlanta-based provider of clinical trial software, raised $27m in Series C-1 funding led by insider Insight Partners. www.florencehc.com
- AiVF, an Israeli fertility tech startup, raised $25m from Insight Partners and Adam Neumann’s family office, per Axios Pro. http://axios.link/cHrI
- MyOme, a Menlo Park, Calif.-based genome platform analysis company, raised $23 million in Series B funding. Healthcare Venture Partners and was joined by investors including SoftBank, Natera, Sequoia Capital, Foresite Capital, Founders Fund, and others.
- Rivet, a Salt Lake City-based health care billing platform, raised $20.5 million in Series B funding. Catalyst Investors led the round and was joined by investors including Ankona Capital, Menlo Ventures, Pelion Venture Partners, and Lux Capital.
- Examedi, a Santiago, Chile-based at-home medical services solution, raised $17 million in Series A funding led by General Catalyst.
- August Health, an SF-based provider of management SaaS for senior communities, raised $15m in Series A funding. Matrix Partners led, and was joined by General Catalyst. http://axios.link/G95g
- Global Premier Fertility, an Irvine, Calif.-based fertility company, raised $11 million in Series C funding led by Triangle Capital Corporation.
- Vamstar, a London-based sourcing and procurement platform for medical supplies and pharmaceuticals, raised $9.5 million in Series A funding. Alpha Intelligence Capital and Dutch Founders Fund and were joined by investors including btov Partners and Antler.
- Nibble Health, a New York-based B2B health care payments company, raised $8.5 million in seed funding. Wing Venture Capital and Tiger Global Management led the round and were joined by investors including A* Capital and Expa.
- Enara, a San Mateo, Calif.-based weight management platform, raised $6 million in funding. Offline.VC led the round and was joined by investors including Charge.VC, Crossover.VC, Continuum.VC, VSC Ventures, and other angels.
- Kins, a New York-based hybrid care physical therapy practice, raised $4 million in seed funding led by W Health Ventures.
. . .
Enterprise & Consumer:
- Personio, a Munich-based HR software company for small and mid-sized businesses, raised $200 million in Series E extension funding led by Greenoaks.
- Platform.sh, a Paris and San Francisco-based cloud hosting platform, raised $140 million in Series D funding. Digital+Partners, Morgan Stanley Expansion Capital, and Revaia led the round and were joined by investors including BGV, Eurazeo, Hiinov, and Partech.
- JobGet, a Boston-based mobile app for hourly workers, raised $52 million in Series B funding. JAZZ Venture Partners and Sanabil Investments co-led the round and were joined by investors including Pillar VC and others.
- CloudNC, a London-based precision parts manufacturing automation startup, raised $45m in Series B funding. Autodesk led, and was joined by Lockheed Martin, British Patient Capital and insiders Atomico, Episode 1 Ventures and QVentures. www.cloudnc.com
- Glowforge, a Seattle-based at-home 3D laser printer company, raised $43 million in funding. DFJ Growth led the round and was joined by investors including Foundry Group, True Ventures, and Revolution Growth.
- Wingcopter, a Weiterstadt, Germany-based delivery drone manufacturer and service provider, raised $42 million in Series A extension funding. REWE Group, Salvia, XAI technologies, ITOCHU, Futury Capital, Xplorer Capital invested in the round.
- Appsmith, a Bengaluru, India and San Francisco-based open-source software company, raised $41 million in Series B funding. Insight Partners led the round and was joined by investors including Accel, Canaan, OSS Capital, and other angels.
- Lightning AI (formerly Grid.ai), a New York-based machine learning platform, raised $40 million in Series B funding. Coatue led the round and was joined by investors including Index, Bain, First Minute Capital, and Mantis VC.
- Jit, a Tel Aviv-based product security platform for developers, raised $38.5 million in seed funding. boldstart ventures led the round and was joined by investors including Tiger Global Management and other angels.
- Sanas, a Palo Alto-based accent translation technology company, raised $32 million in Series A funding. Insight Partners led the round and was joined by investors including GV, Assurant Ventures, angel investor Gokul Rajaram, Human Capital, General Catalyst, Quiet Capital, and DN Capital.
- Strapi, a San Francisco-based content management system, raised $31 million in Series B funding. CRV led the round and was joined by investors including Flex Capital, Index Ventures, and other angels.
- &Open, an Irish corporate gifting platform, raised $26m in Series A funding. Molten Ventures led, and was joined by First Round Capital and LocalGlobe. www.andopen.co
- LogRocket, a Boston-based app analytics startup, raised $25m in Series C funding co-led by Battery Ventures and Delta-V Capital. http://axios.link/bvcS
- TruEra, a Redwood City, Calif.-based provider of AI quality management solutions, raised $25m in Series B funding. HP Enterprise led, and was joined by Menlo Ventures, Greylock and Wing VC. www.truera.com
- Pocus, a San Francisco-based product-led sales platform, raised $23 million in Series A funding. Coatue led the round and was joined by investors including First Round Capital, Box Group, GTM fund, Mantis VC, and other angels.
- CEIPAL, a Rochester, N.Y.-based talent acquisition platform, raised $16.5 million in Series B funding. Camden Partners led the round and was joined by investors including Topmark Partners, Evergreen Mountain Equity Partners, Mistral Venture Partners, and Resolve Growth Partners.
- Join, an Oakland-based decision-making platform for architecture, raised $16m in Series A funding. SignalFire led, and was joined by Ironspring Ventures, Metaprop, Building Ventures and Standard Ventures. http://axios.link/wKsu
- Eppo, an SF-based product A/B experimentation platform, raised $16m in Series A funding. Menlo Ventures led, and was joined by insider Amplify Partners. http://axios.link/NGEn
- Bardeen, an SF-based workflow automation startup, raised $15.3m in Series A funding. Insight Partners led, and was joined by insiders 468 Capital and FirstMark Capital. http://axios.link/eJyB
- CloudQuery, a Beaverton, Ore.-based cloud infrastructure setup company, raised $15m in Series A funding. Tiger Global led, and was joined by Boldstart, Haystack, Mango and Work-Bench. http://axios.link/zBgU
- ConductorOne, a Portland, Ore.-based access reviews automation startup, raised $15m in Series A funding. Accel led, and was joined by Fuel Capital, Fathom Capital, and Active Capital. www.conductorone.com
- GreyNoise Intelligence, a Washington D.C.-based cybersecurity company analyzing internet scanning traffic, raised $15 million in Series A funding. Radian Capital led the round and was joined by investors including CRV, Inner Loop, Stone Mill Ventures, and Paladin Capital.
- Apptronik, an Austin-based robotics company, raised $14.6 million in seed funding. Capital Factory, Grit Ventures, Perot Jain, and others invested in the round.
- BotsAndUs, a London-based intelligence and robotics company, raised $13 million in seed funding. Lakestar led the round and was joined by investors including Maersk Growth, Kindred Capital, and Capnamic.
- designstripe, a Montreal-based visual communication platform, raised $10 million in funding. Insight Partners led the round and was joined by investors including and was joined by Silicon Valley Bank.
- RapidFort, a Sunnyvale, Calif.-based software attack surface management platform developer, raised $8.5 million in seed funding. Felicis Ventures led the round and was joined by investors including ForgePoint Capital, Bloomberg Beta, Global Founders Capital, Plug & Play Ventures, GIT1K Club, and others.
- Saysh, a Los Angeles-based lifestyle brand, raised $8 million in Series A funding. IRIS and Athleta led the round and were joined by investors including Redpoint Ventures and Springbank Collective.
- SleekFlow, a Hong Kong-based omnichannel social commerce platform, raised $8m in Series A funding. Tiger Global led, and was joined by Transcend Capital and Gobi Partners. http://axios.link/QDwA
- Wilco, a Tel Aviv-based upskilling platform for software developers, raised $7 million in seed funding. Hetz Ventures led the round and was joined by investors including Vertex Ventures, Flybridge Capital Partners, and Shopify vice president of engineering Farhan Thawar.
- Lumi Interactive, a Melbourne-based gaming studio, raised $6.75 million in seed funding. A16z led the round and was joined by investors including 1Up Ventures, Galileo Ventures, Heracles Capital, and Double Loop Games co-founder and CEO, Emily Greer
- Octane11, a New York-based B2B data platform, raised $4.5 million in seed funding. Javelin Venture Partners led the round and was joined by investors including BDMI, Honeystone Ventures, Plug and Play Ventures, Base Ventures, Circadian Ventures, AperiamVentures, and other angels.
- Myria, a Los Angeles-based private marketplace for ultra-high-net-worth individuals and family offices, raised $4.3 million in seed funding. Y Combinator, Backend Capital, Cathexis Ventures, and other angels invested in the round.
- Augmenta, a Toronto-based building design automation company for the construction industry, raised $4.1 million in seed funding. Hazelview Ventures led the round and was joined by investors including Ferguson Ventures and Whiteshell Group.
- mpathic, a Seattle-based conversation analytics platform, raised $4 million in seed funding. Next Frontier Capital led the round and was joined by investors including Illuminate, Portland Seed Fund, Full-Circle, WXR Fund, Graham & Walker, and First Row Partners.
- Rerun, a Stockholm-based computer vision software building platform, raised $3.2 million in funding. Costanoa Ventures and Seedcamp invested in the round.
- Parallelz, a Toronto-based software platform developing mobile apps to web apps, raised $3 million in pre-seed funding. AnyQuestion founder and CEO Ed Baker, Product Hunt founder Ryan Hoover, Maple VC general partner Andre Charoo, King and Lab, and others invested in the round.
- trumpet, a London-based B2B sales startup, raised £1.6 million ($1.97 million) in a pre-seed funding. Lightbird Ventures led the round and was joined by investors including Triple Point Ventures, Haatch, Anamcara Capital, and other angels.
. . .
Sustainability:
- Electric Hydrogen, a Natick, Mass. and San Carlos, Calif.-based fossil-free hydrogen tech company, raised $198 million in Series B funding. Amazon, Equinor, Rio Tinto, and Honeywell invested in the round.
- Zap Energy, a Seattle-based nuclear fusion developer, raised $160m in Series C funding. Lowercarbon Capital led, and was joined by Breakthrough Energy Ventures, Shell Ventures, DCVC and Valor Equity Partners. http://axios.link/DkRJ
- Amogy, a Brooklyn-based developer of ammonia-based fuels for trucks and ships, raised $46m in convertible note financing led by SK Innovation led, and was joined by Climate Pledge Fund. AP Ventures, Saudi Aramco Energy Ventures and Newlab. http://axios.link/iCS4
- ESG Book, a London-based sustainability data-tracker, raised $35m in Series B funding. Energy Impact Partners led, and was joined by Meridiam and Allianz X. http://axios.link/uA0F
- Vibrant Planet, an Incline Village, Nev.-based forest restoration SaaS provider, raised $17m in seed funding co-led by Ecosystem Integrity Fund and The Jeremy and Hannelore Grantham Environmental Trust. http://axios.link/rWzh
- Connected Energy, a British provider of energy storage systems based on retired EV batteries, raised £15m from Volvo Group, Caterpillar, Hinduja Group, Mercuria and OurCrowd. http://axios.link/yoiu
- SHARE Mobility, a Columbus, Ohio-based mobility-as-a-service platform for companies, raised $12 million in Series A funding. Iron Gate Capital and Renewal Funds led the round and were joined by investors including Employment Technology Fund, JobsOhio, Seamless Capital, TrendForward Capital, Venn Ventures, Jumpstart, LOUD Capital, JMAC, and SustainVC.
- Epoch Biodesign, a London-based developer of enzymatic solutions to biorecycle plastic waste, $11m in seed funding. Lowercarbon Capital led, and was joined by BoxGroup, Amadeus Capital Partners, MCJ Collective, Zero Carbon Capital, Voyagers Climate-Tech Fund and the Venture Collective. www.epochbiodesign.com
- Synop, a New York-based electric vehicle fleet operations platform, raised $10.1 million in seed funding. Obvious Ventures led the round and was joined by investors including Wireframe Ventures, Congruent, and Better Ventures.
- Symbrosia, a Kailua-Kona, Hawaii-based seaweed feed additive startup, raised $7 million in Series A funding. Danone Manifesto Ventures led the round and was joined by investors including Pacific6, HATCH, Presidio Ventures, Kamehameha Schools, Mana Up, and others.
- Post Script Media, the climate-focused podcasting startup run by Stephen Lacey, raised $2m in seed funding led by Prelude Ventures. http://axios.link/8ulG
Acquisitions & PE:
- Twitter (NYSE: TWTR) said in an SEC filing that its board unanimously recommends that shareholders accept the $44b takeover offer from Elon Musk, but hasn’t yet scheduled the vote.
- JAB agreed to acquire stakes in Crum & Forster Pet Insurance Group, an Akron, Ohio-based pet insurance company, and PetHealth, an Oakville, Ontario-based pet insurance company, for about $1.4 billion, from Fairfax. Per terms of the deal, Fairfax plans to invest $200 million in JAB’s consumer fund.
- Garnett Station Partners acquired a majority stake in Woof Gang Bakery & Grooming, an Orlando-based pet services and retail franchisor. Financial terms were not disclosed.
- Lloyd’s Register acquired OneOcean, a London-based voyage compliance, safety and environmental solutions provider, from Equistone Partners Europe. Financial terms were not disclosed.
- Mondelez agreed to acquire Clif Bar & Company, an Emeryville, Calif.-based snack bar business, for $2.9 billion.
- Reddit acquired Spell, a New York-based machine learning platform. Financial terms were not disclosed.
- SteadyMD acquired BlocHealth, a St. Petersburg, Fla.-based clinician licensing, credentialing, and payer enrollment platform. Financial terms were not disclosed
- eBay (Nasdaq: EBAY) agreed to buy KnowOrigin, a British NFT marketplace that raised $6m from Genesis Block Ventures, D1Ventures, LD Capital, Sanctor Capital and Cross Culture Ventures. http://axios.link/qmrz
- Michel Rubin, CEO of Fanatics, said he'll sell his minority stake in Harris Blitzer Sports & Entertainment, owner of the Philadelphia 76ers and New Jersey Devils, due to potential conflicts of interest related to Fanatics' moves into sports betting.
- Kaseya acquired Vista Equity Partners’ 69% stake in Datto, a Norwalk, Conn.-based security and cloud-based software solutions provider. A deal values the company at $6.2 billion.
- BC Partners acquired Havea, a France-based natural health care group, from 3i Group, for between $1.05-$1.16 billion, according to Reuters.
- Material Bank acquired Architizer, a New York-based digital architecture information platform. Financial terms were not disclosed.
- Planview acquired Enrich, a Los Gatos, Calif.-based product portfolio analytics company. Financial terms were not disclosed.
- Starburst acquired Varada, a Tel Aviv, Israel-based data lake analytics accelerator. Financial terms were not disclosed.
- Cargill agreed to acquire Delacon, an Austrian developer of plant-based phytogenic additives for animal feed. www.delacon.com
- Deel, an SF-based remote hiring company valued by VCs at $5.5b, offered to buy PayGroup (ASX: PYG), a payroll firm focused on Asia-Pacific, for around A$119m. http://axios.link/BnPt
. . .
IPOs:
Nothing to see here…
. . .
SPACs:
Nothing to see here…
Funds:
- Brookfield raised $15b for an energy transition-focused private equity fund, of which around $2.5b already had been deployed. http://axios.link/jY8b
- Kiko Ventures of London raised £375m for cleantech venture investments. http://axios.link/aVKA
- Vine Ventures, a New York-based early-stage VC firm, raised $140m for its second fund. LPs include Tiger Global. www.vineventures.com
Final Numbers
Data: CFRA; Chart: Nicki Camberg/Axios
Go deeper: Not all recessions are created equal
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.
Thank you for the article. Thanks for the shoutout to black founders me being a black founder. I always learn something when I read your publication. Btw I hope you saw the shoutout you got in the upfront newsletter for Sourcery. Big ups to you. Congrats. I’m proud of you.