Coast, Northspyre, Savvy, Zebec, HUBUC, Jambo, Fast Break Labs, Omada, Minded, BlueVoyant, dbt Labs, fabric, Timescale, Beyond Identity, Secureframe, Backbone, Grata, CoProcure, Alloy, Revel, Nori...
Thank you to everyone who came out to LA or tuned into Upfront Ventures 2022 Upfront Summit. It was great to meet many of you and celebrate IRL!
If you missed out or want to rewatch any of the panels, Upfront will be releasing access over the next few weeks. - Until next year! #LongLA
. . .
Last Week (2/22-2/25):
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 Fenbeitong, Weavr, Coast, Promise, Northspyre, Standard Metrics, Nirvana Insurance, Siteline, Savvy, Zebec, Sweater, HUBUC, Jambo, Fast Break Labs, Marginfi, Worldspark Studios, Somatus, Omada, Automata, Minded, Story Health, NourishedRx, BlueVoyant, dbt Labs, fabric, Timescale, Beyond Identity, Secureframe, Redpanda, Backbone, SKAEL, Facilio, Grata, Vymo, CoProcure, Alloy, Astrix Security, Okteto, WorkWhile, Emi, Cortina, PrettyDamnQuick, Signadot, Revel, Project Canary, Wildtype, LEKO Labs, Zoomo, Living Carbon, Nori, 99 Counties; Purely Capital, Makespace, Technisys, Thinx, Fylamynt, Blissfully, Area 1 Security
Final numbers on Stock Price of ESG Activist-Targeted Companies at the bottom.
Sources: TS, Pro Rata, FinSMEs, Pitchbook, StrictlyVC
- Fenbeitong, a Chinese payment and expense management software company, raised $140m in Series C funding led by DST Global, with D1 Capital Partners, Whale Rock Capital, Hillhouse Capital, Ribbit Capital, Eight Roads Ventures, Glade Brook Capital Partners and BitRock Capital also participating. http://axios.link/uGEN
- Weavr, a London-based technology provider that enables businesses with Plug-and-Play financial solutions, raised $40 million in Series A funding led by Tiger Global.
- InfStones, a Palo Alto, Calif.-based blockchain infrastructure provider, raised $33 million in Series B funding from investors including Susquehanna International Group, Dragonfly Capital, Qiming Venture Partners, and others.
- Coast, a New York-based B2B card payment platform, raised $27.5 million in Series A financing led by Accel and Insight Partners.
- Promise, an Oakland, Calif.-based technology platform that helps people pay their government debt, raised $25 million in Series B funding led by The General Partnership (formerly Sweat Equity Ventures) and was joined by other investors including Kapor Capital, XYZ Ventures, Bronze Investments, First Round Capital, Y Combinator, Howard Schultz (former chairman and CEO of Starbucks), and others.
- Northspyre, a New York-based financial tracking and project delivery automation platform for real estate developers, raised $25 million in Series B funding led by CRV and was joined by investors including Craft Ventures, Tamarisc Ventures, and Intercom co-founder Des Traynor.
- Standard Metrics, a San Francisco-based investor relations platform for private capital markets, formerly known as Quaestor, raised $23.7 million in Series A funding led by 8VC and was joined by investors including Alpha Edison, January Capital, First Trust Capital Partners, Fin VC, Spark Capital, Slack Fund, Socii Capital, Not Boring Capital, and Gaingels.
- Nirvana Insurance, a San Francisco-based commercial fleet insurance company, raised $22m in Series A funding led by Lightspeed Venture Partners, with General Catalyst, Elad Gil, Fidji Simo, Sam Hodges, Spike Lipkin and others also participating. www.nirvanatech.com
- Siteline, a San Francisco-based maker of billing tools for trade contractors, raised $18.4m in seed and Series A led by Menlo Ventures, and Brick & Mortar Ventures and First Round Capital, respectively. http://axios.link/ZFPZ
- Savvy, a New York-based wealth management firm focused on enhanced software, sales and marketing automation, and back office servicing, raised $7.3M in seed funding co-led by Index Ventures and Thrive Capital and were joined by investors including the founders of ICONIQ, Plaid, Instacart, Figma, Opendoor, Flexport, Newfront, EPIQ, Jordan Park, A* Capital, Box Group, Operator Partners, GFC, and more.
- Zebec, a San Francisco-based Solana-based protocol, raised $15m in new funding led by Solana Ventures and Distributed Global, with Lightspeed Venture Partners, Circle, Coinbase, Alameda Research, OKX Blockdream Ventures, DST Global Partners, Road Ventures, Global Founders Capital, BECO Capital, Greenoaks, GoldenTree Asset Management and 500 Startups also participating. www.zebec.io
- Sweater, a Boulder, Colo.-based venture capital fund that is open to everyday investors, raised $12 million in seed funding. Motivate VC and Akuna Capital co-led the round and were joined by investors including co-founder of Acorns Jeffrey Cruttenden, co-founder of Betterment Eli Broverman, Litquidity Ventures, MRTNZ Ventures, Bison Venture Partners, Spacestation, First Chair Ventures, Zilliqa Capital, Monsen Ventures, Nick Perez, Jeb Bush Jr., and YouTubers Ryan Holtzman, Aaron Wolko, Peter Hollens, Andrei Jikh, Nate O’Brian, and Jake Tran.
- Avanti, a Calgary, Canada-based payroll and human resources software company, raised $10 million in funding led by Round13 Capital and was joined by investors including Scotiabank Technology & Innovation Banking and existing investors.
- HUBUC, a Barcelona-based provider of embedded financial services, raised a $10 million in seed funding co-led by WndrCo and Runa Capital.
- Chronicled, a San Francisco-based provider of transaction settlements via blockchains, raised $8.3m in funding from True Global Ventures. www.chronicled.com
- Jambo, a Kinshasa, Congo-based Web3 financing and education app, raised $7.5 million in seed funding from investors including Delphi Digital, Coinbase Ventures, 3 Arrows Capital, Alameda Research, AllianceDAO, Tiger Global, DeFiance Capital, Hashed, Polygon Studios, UOB, Signum Capital, BH Digital, YGG, and others.
- Catalog, a cross-blockchain decentralized exchange, raised $7.5m in seed funding from Amber Group, Multicoin Capital, Alameda Research and others. www.catalog.fi
- Teller, a San Francisco-based decentralized protocol, raised $6.85m in new funding from Blockchain Capital, Franklin Templeton, Toyota Ventures, Bessemer Venture Partners, Upstart, Signum Capital and angels. www.teller.finance
- Fast Break Labs, a San Francisco-based web3 sports games startup, raised $6m in seed funding led by Patron and Pantera Capital, with Collab+Currency, Solana Ventures, South Park Commons, Blue Pool Capital, Marc Merill, Aneel Ranadive, Ryan Spoon, John Robinson, Thomas Vu, Jason Choi and Wengie Huang also participating. www.fastbreaklabs.com
- Stable Insurance, a New York-based insurtech startup that creates fit-for-purpose insurance for owners of rideshare and carshare vehicles, raised $3.3 million in funding co-led by MLTPLY and Brooklyn Bridge Ventures.
- Marginfi, a New York-based decentralized margin protocol for Solana, raised $3 million in seed financing co-led by Multicoin Capital and Pantera Capital and was joined by investors including Sino Global Capital and Solana Ventures.
- Worldspark Studios, a Dallas, Texas-based blockchain game development studio, raised $3 million in seed funding led by Animoca Brands and Shima Capital and was joined by investors including AAG Ventures, Alameda Ventures, Double Peak Group, Forward Analytics, Infinity Ventures Crypto, Jump Capital, LD Capital, Lucid Blue Ventures, Moon Holdings, Onchain Group, Pillar VC, Sfermion, SL2 Capital, ViaBTC and YGGSEA.
. . .
- Somatus, a McLean, Va.-based kidney care company, raised $325 million in Series E funding led by Wellington Management and was joined by investors including RA Capital Management, GIC, Fidelity Management & Research Company, Anthem, Blue Venture Fund, Deerfield Management Company, Flare Capital Partners, Inova Health System, Longitude Capital, and Optum Ventures.
- Omada Health, a San Francisco-based virtual care provider for chronic conditions, raised $192m in new funding led by Fidelity, with Civilization Ventures and aMoon also participating. www.omadahealth.com
- Automata, a U.K.-based lab robotics startup, raised $50m in Series B funding led by Octopus Ventures, with Hummingbird, Latitude Ventures, ABB Technology Ventures, Isomer Capital, In-Q-Tel and others also participating. http://axios.link/dZhE
- Minded, a New York-based mental health medication prescription specialist, raised $25 million in seed funding from investors including Streamlined Ventures, Link Ventures, The Tiger Fund, Unicorn Ventures, Trousdale Ventures, Gaingels, SALT Fund, and TheFund.
- Story Health, a Saratoga, Calif.-based health technology and services company that extends specialty care into patient’s homes, raised $22.6 million in Series A funding co-led by Northpond Ventures and B Capital Group and was joined by other investors including LRVHealth and existing investors Define Ventures and General Catalyst.
- HerMD, a Cincinnati-based women’s health startup, raised $10m in Series A fundraise led by Jazz Venture Partners. http://axios.link/rzCc
- NourishedRx, a Stamford, Conn.-based health care service provider, raised $6 million in seed funding led by S2G Ventures and was joined by investors including Route 66 Ventures, Connecticut Innovations, Primetime Partners, and other individual investors.
. . .
Enterprise & Consumer:
- BlueVoyant, a New York-based cybersecurity services provider, raised $250 million in funding led by Liberty Strategic Capital.
- dbt Labs, a Philadelphia-based analytics engineering company, raised $222 million in Series D funding led by Altimeter and was joined by investors including Amplify Partners, Andreessen Horowitz, Sequoia, Coatue, Tiger Global, ICONIQ Growth, GV, and GIC.
- ICON, an Austin-based 3D printer of homes, raised $185m in additional Series B funding at a reported valuation near $2b led by Tiger Global, with some existing investors also participating. http://axios.link/ly61
- Bloomreach, a Mountain View, Calif.-based commerce experience cloud company, raised $175 million in funding led by Goldman Sachs Asset Manager and was joined by investors including Bain Capital Ventures and Sixth Street Growth.
- fabric, a Bellevue, Wash.-based ecommerce platform, raised $140 million in Series C funding led by SoftBank.
- Timescale, a New York-based creator of database TimescaleDB, raised $110m in Series C funding at a valuation over $1 billion led by Tiger Global, with Benchmark, New Enterprise Associates, Redpoint Ventures, Icon Ventures and Two Sigma Ventures also participating. http://axios.link/gbjb
- Beyond Identity, a New York-based password identity management system, raised $100 million in Series C funding led by Evolution Equity Partners and was joined by investors including New Enterprise Associates, Jim Clark, Potentum Partners, Expanding Capital, and HBAM.
- Hasura, a San Francisco-based applications development platform, raised $100 million in funding led by Greenoaks and was joined by investors including Nexus Venture Partners, Lightspeed Venture Partners, and Vertex Ventures.
- Beauty for All Industries, a San Mateo, Calif.-based beauty company, raised a $96m in new funding led by TPG Growth. www.bfaindustries.com
- Clickatell, a Redwood City, Calif.-based chat commerce company, raised $91 million in Series C funding led by Arrowroot Capital and was joined by investors including Kennedy Lewis Investment Management, Endeavor Global, and Harvest.
- RightHand Robotics, a Somerville, Mass.-based autonomous robotic picking solutions company for order fulfillment, raised $66 million in Series C funding. Safar Partners, Thomas H. Lee Partners, and SoftBank Vision Fund 2 led the round and were joined by investors including Zebra Technologies, Epson and Global Brain, GV, F-Prime Capital, Menlo Ventures, Matrix Partners, and Tony Fadell’s Future Shape.
- Good Culture, an Irvine-Calif.-based cultured dairy products brand, raised $64 million in Series C funding led by Manna Tree and was joined by investors including SEMCAP Food & Nutrition and actress Kristen Bell.
- Secureframe, a San Francisco-based security compliance automation startup, raised $56m in Series B funding led by Accomplice, with Kleiner Perkins, Optum Ventures, Kaiser Permanente, Gradient Ventures, Soma Capital, Gaingels, Impatient Ventures, Flexport and angels. www.secureframe.com
- Red Sift, a London-based cloud email security and brand protection platform, raised $54 million in Series B funding led by Highland Europe and was joined by investors including Sands Capital, Oxford Capital, and MMC Ventures.
- Redpanda, a San Francisco-based streaming data platform, raised $50 million in Series B funding led by GV and was joined by investors including Lightspeed Venture Partners and Haystack VC.
- AnyRoad, a San Francisco-based Experience Relationship Management (ERM) platform company, raised $47 million in Series B funding led by BlackRock and was joined by investors including Andreessen Horowitz, Runa Capital, and Kaiser Permanente.
- Backbone, a San Francisco-based mobile gaming startup, raised $40m in Series A funding led by Index Ventures, with Sound Ventures, Adjacent, and angels also investing. http://axios.link/FsMZ
- SKAEL, a San Francisco-based digital workforce platform, raised $38 million in Series A funding led by RTP Global, with Bonfire Ventures and Dell Technologies Capital participating.
- Phosphorus Cybersecurity, a Nashville, Tenn.-based cybersecurity software provider for Internet of Things (IoT) devices, raised $38 million Series A funding led by SYN Ventures and MassMutual Ventures.
- Funnel Leasing, a Tampa, Fla.-based residential property leasing startup, raised $36.5m in Series B funding led by RET Ventures, with Camden Property Trust, Morgan Properties, Wilshire Lane Capital, Trinity Ventures and Camber Creek also participating. http://axios.link/BAx3
- Facilio, a New York-based property operations software platform, raised $35 million in Series B funding led by Dragoneer Investment Group and was joined by investors including Brookfield Growth, Accel India, and Tiger Global Management.
- Canela Media, a New York-based digital media company, raised $32 million in Series A funding. Acrew Capital and Angeles Investors co-led the round and were joined by investors including Link Ventures, TEGNA Ventures, and Samsung NEXT. This round was joined by existing investors including BBG Ventures, Mighty Capital, Reinventure Capital, Portfolia's Rising America Fund, Alumni Ventures, Powerhouse Capital, and BMO.
- Grata, a New York-based private company data provider, raised $25m in Series A funding led by Craft Ventures, with Teamworthy Ventures, Altai Ventures, and Eigen Ventures, Bling, Accomplice, Touchdown Ventures and angel investors also participating. http://axios.link/BjoV
- Wave Sports + Entertainment, a Santa Monica, Calif.-based sports and entertainment company, raised $27 million in Series B funding led by TZP Group and was joined by investors including Crossbeam Venture Partners, GPS Investment Partners, Verance Capital, Nimble Ventures, and Milwaukee Bucks player Giannis Antetokounmpo as strategic partner.
- anecdotes, a Tel Aviv, Israel-based cloud-based data management platform, raised $25 million in Series A funding led by Red Dot Capital Partners and was joined by investors including Vintage Investment Partners, Shasta Ventures, Glilot Capital Partners, and Aleph.
- RouteThis, a Kitchener, Canada-based in-home WiFi connectivity support company, raised $25 million in Series A funding led by Inovia Capital and was joined by investors including Intel Capital, Round13, Garage Capital and Ken Miller Capital.
- Vymo, a San Francisco-based intelligent sales engagement platform, raised $22 million in Series C funding led by Bertelsmann Investments and was joined by investors including Emergence Capital and Sequoia Capital.
- CoProcure, a San Francisco-based B2B commerce marketplace for the government sector, raised $22 million in funding from Forerunner Ventures and was joined by investors including Leadout Capital, Neo, Thumbtack founder Marco Zappacostak, Stitch Fix founder Katrina Lake, and Dan Lewis, founder of Convoy.
- OpenComp, a San Francisco-based compensation intelligence company, raised $20 million in Series A funding led by K5 Global and J.P. Morgan and was joined by investors including TIME Ventures, 8VC, Circle Ventures, and Mantis Ventures (Shoutout to Jeffrey).
- Zero Networks, a Tel Aviv, Israel-based cybersecurity company that specializes in multi-factor authentication, raised $20.3 million in Series A funding led by Venrock and was joined by other investors including F2 Venture Capital and PICO Venture Partners.
- Alloy, a San Francisco-based ecommerce automation platform, raised $20 million in Series A funding led by Andreessen Horowitz.
- Decodable, a San Francisco-based data engineering company, raised $20 million in Series A funding. Venrock and Bain Capital Ventures led the round and were joined by investors including DJ Patil (Board Member at Devoted Health), Data Dog CEO Olivier Pomel, Cockroach Labs CEO Spencer Kimball, and Redis president and CRO Jason Forget.
- Astrix Security, a Tel Aviv, Israel-based app-integration access management company, raised $15 million in seed funding led by Bessemer Venture Partners and F2 Capital and was joined by investors including Venrock and angel investors.
- Okteto, a San Francisco-based developer tool to deploy pre-configured cloud environments, raised $15 million in Series A funding led by Two Sigma Ventures and was joined by investors including Haystack, Root Ventures, and more.
- Canary Technologies, a San Francisco-based guest management system for hotels, raised $15 million in Series A funding led by F-Prime Capital and was joined by investors including Y Combinator, Thayer Ventures, Commerce Ventures, Acronym Capital, and Gokul Rajaram.
- WorkWhile, a San Francisco-based maker of worker shift management software, raised $13m in Series A funding led by Reach Capital, with Khosla Ventures, F7 Ventures, Chamaeleon, Position Ventures, and Gaingels, and others also participating. www.workwhilejobs.com
- Emi, a San Francisco-based maker of automated hiring tools for frontline workers, raised $11m in Series A funding led by Merus Capital and Khosla Ventures, with Flexport Ventures and others also participating. www.emilabs.ai
- SkyFi, an Austin-based startup developing a satellite imagery app, raised $7.15m from J2 Ventures, Moving Capital, Capital Factory, Bill Perkins, and others. http://axios.link/JpqA
- Cortina, a New York-based retail-focused software company, raised $6 million in seed funding led by Point72 and was joined by investors including AlleyCorp, Primary VC, Blue Watch, and Lorimer.
- EverWash, a Philadelphia-based car wash membership and subscription management company, raised $6 million in Series B from Spring Mountain Capital.
- PrettyDamnQuick, a Herzliya, Israel-based logistics solution for shopify merchants, raised $6 million in seed funding led by TLV Partners and was joined by investors including Ground Up Ventures (Shoutout to Cory) and Verissimo Ventures.
- Minoan, a Jersey City, N.J.-backed hospitality-related products and services provider, raised $5 million in seed funding from investors including Accel and other early investors.
- Signadot, a San Mateo, Calif.-based platform that scales microservices testing for engineers, raised $4 million in seed funding led by Redpoint Ventures and was joined by other investors including Y Combinator, and angel investors including former Heroku CEO Adam Gross, former Github CTO Jason Warner, LaunchDarkly co-founder and CTO John Kodumal, managing partner at Essence VC Timothy Chen, and founding partner at Rogue Capital Chris Golda, and others.
- Brevity, a Lehi, Utah-based no-code software company, raised $2.75m in seed funding led by Contrary Capital. http://axios.link/vQlz
- Kahilla, a Ketchum, Idaho-based digital learning and development platform for professional women, raised $2m in funding led by Bread and Butter Ventures and Matchstick Ventures. www.kahilla.com
- DishDivvy, a Los Angeles-based marketplace for home cooks, raised $1.3M in pre-seed funding led by 10X Venture with angels also participating. http://axios.link/aY9I
. . .
- Revel, a Brooklyn-based electric moped company, raised $126 million in Series B funding led by BlackRock Renewable Power and was joined by investors including Toyota Ventures, Goodyear Ventures, Shell Ventures, Broadscale Group, Obsidian Ventures, the St Baker Energy Innovation Fund, and Knighthead Capital Management.
- Project Canary, a Denver-based climate tech and environmental assessment company, raised $111 million in Series B funding led by Insight Partners and was joined by investors including Brookfield Growth, the Canada Pension Plan Investment Board, Quantum Energy Partners, Energy Impact Partners, and Frontier Venture Capital.
- Wildtype, a San Francisco-based startup creating sushi-grade cultivated salmon, raised $100 million in Series B funding led by L Catterton and was joined by investors including Leonardo DiCaprio, Bezos Expeditions, Temasek, S2G Ventures Oceans, and Seafood Fund.
- H2scan, a Valencia, Calif.-based provider of hydrogen sensors for electricity utilities and industrial markets, raised $70 million in funding from investors including LetterOne and GS Energy.
- LEKO Labs, a Luxembourg-based carbon negative construction company, raised $21m in Series A funding led by 2150, with the Microsoft Climate Innovation Fund, Tencent, AMAVI, Rise PropTech Fund, Extantia and Freigeist also partcipating. www.lekolabs.com
- Zoomo, a New York-based maker of electric last-mile delivery vehicles, raised $20m in additional Series B funding led by Collaborative Fund, with Mitsubishi UFJ, SG Fleet, WIND Ventures, COPEC, and Akuna Capital also participating. www.ridezoomo.com
- Living Carbon, a San Francisco-based startup developing fast-growing trees for decarbonization, raised $15m in funding from Aydin Senkut, Lowercarbon Capital, Goat Capital, Prelude Ventures, Floodgate, MCJ Collective, Homebrew Ventures, EQT Foundation, and others. www.livingcarbon.com
- Nori, a Seattle-based carbon removal marketplace, raised $7 million in Series A funding led by M13 (Shoutout to Latif & Carter) and was joined by investors including Toyota Ventures and Placeholder.
- Yali Bio, a San Francisco-based food tech company focused on designer fats for plant-based meat and dairy products, raised $3.9 million in seed funding led by Essential Capital and was joined by existing investors including Third Kind Venture Capital, S2G Ventures, CRCM Ventures, FTW Ventures, and First-in Ventures.
- 99 Counties, a Chicago-based regenerative meat marketplace, raised $3.8 million in pre-seed funding led by OMERS Ventures and was joined by investors including Union Labs, GV, and Supply Change Capital.
Acquisitions & PE:
- Pipe has acquired Purely Capital, a U.K.-based media and entertainment financing company. http://axios.link/Q9zN
- Clutter acquired Makespace, a New York-based storage company. www.clutter.com
- Cloudflare agreed to acquire Area 1 Security, a San Mateo, Calif.-based cloud email security company for approximately $162 million.
- SoFi has agreed to acquire Technisys, a Latin America-based banking software company, for $1.1 billion in an all-stock deal. SoFi estimates that the acquisition will generate up to $800 million in additional revenue and up to $85 million in cost savings through 2025.
- Squirro acquired open.exchange, an Austin-based deal sourcing platform from BuildGroup. As part of the deal, BuildGroup invested $4 million in the company.
- Kimberly-Clark has acquired a majority stake in Thinx, a New York-based maker of reusable menstrual underwear. www.shethinx.com
- London Stock Exchange Group, agreed to acquire TORA, a Burlingame, Calif.-based online trading platform for global markets, for $325 million.
- Yanmar acquired a majority stake in GetMyBoat, a San Francisco-based boat rental and water experience marketplace. As part of the deal, Yanmar invested $21 million in the company as part of its Series B round.
- TPG Rise and NGP ETP have acquired a newly merged company comprised of Bluesource and Element Markets, a carbon credit developer and renewable natural gas marketing company, respectively. http://axios.link/H69i
- Hopper, backed by GPI Capital, WestCap Group, acquired SMOOSS, a Paris-based merchandising and customer care travel SaaS platform. Financial terms were not disclosed.
- Nestlé acquired Vital Proteins, a Franklin Park, Ill-based collagen-based health supplement company. Financial terms were not disclosed.
- NetApp acquired Fylamynt, a Mountain View, Calif.-based cloud workflow automation platform. Financial terms were not disclosed.
- Vendr acquired Blissfully, a New York-based SaaS management platform. Financial terms were not disclosed.
. . .
- Volkswagen said it was in advanced discussions to take Porsche public. A deal could value the company at up to €200 billion ($226.8 billion), per the Financial Times.
- Zazzle, a Reno, Nev.-based marketplace for designers, hired bankers for an IPO as soon as this summer, per Bloomberg. A deal could value the company at around $1 billion to $2 billion.
. . .
- Jaws Wildcat Acquisition, the fifth blank check company led by Starwood Capital founder Barry Sternlicht, withdrew its plans for an IPO. http://axios.link/dxK9
- Clean Earth Acquisitions, a blank check company targeting the clean and renewable energy industry, raised $200 million by offering 20 million units at $10. http://axios.link/xqBm
- General Catalyst, a Boston and Bay Area-based VC firm, raised $4.6b across three new funds. http://axios.link/OZw5
- BACKED VC, a London-based venture capital firm, raised €150 million ($169.5 million) for two new funds focused on Web3, gaming, and biotech.
- SKALE, a San Francisco-based Ethereum blockchain network, launched a $100 million fund focused on applications and projects on the SKALE Network.
- Amiti Ventures, an Israel-based VC firm, is reportedly closing $130m for a new fund. http://axios.link/taCu
- Wilshire Lane Capital, a Los Angeles-based VC firm focused on real estate tech, closed $40m out of a $125m target for its debut fund. www.wilshirelanecapital.com
- Aspen Power Partners, a Dallas-based financing firm for small scale solar projects, raised $120m in new capital, the firm tells Axios' Alan Neuhauser. http://axios.link/LXel
Data: Google Finance; Chart: Axios Visuals
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.