Venture Capital

Coastal Cloud Secures Funding From Sverica And Salesforce Ventures

By Dan Anderson ● Jun 7, 2020

Coastal Cloud LLC recently announced that it raised a strategic round of funding from Sverica Capital Management LP and Salesforce Ventures.

WeWork Co-Founder Miguel McKelvey To Step Down At The End Of June

By Noah Long ● Jun 6, 2020

WeWork co-founder and chief culture officer Miguel McKelvey announced he will be stepping down from the office-sharing startup at the end of the month

Autonomous Mobile Robot Company OTTO Motors Closes $29 Million In Funding

By Annie Baker ● Jun 5, 2020

OTTO Motors, a division of Clearpath Robotics, announced it has raised $29 million in Series C funding.

Why VMware (VMW) Is Buying Lastline

By Amit Chowdhry ● Jun 5, 2020

Tom Gillis, SVP & General Manager at VMware, Inc. (NYSE: VMW), announced that the company is intending to buy Lastline. These are the details.

Jio Platforms: $1.2 Billion From Mubadala Investment And $602 Million From Consortium Led By Silver Lake

By Noah Long ● Jun 5, 2020

Jio Platforms has received a ₹9,000 crore investment ($1.2 billion) from Abu Dhabi-based Mubadala Investment and 45.5 billion rupees ($602 million) from a consortium led by Silver Lake. These are the details.

Mercato Partners Closes $90 Million Savory Fund I

By Dan Anderson ● Jun 5, 2020

Mercato Partners has announced a new inaugural food and beverage fund called Savory Fund I with $90 million in capital.

Conversational Search Technology Company Searchable.ai Raises $4 Million

By Dan Anderson ● Jun 5, 2020

Searchable.ai — the creators of a new class of "Conversational Search" technology — announced that it raised $4 million in additional seed funding led by Susquehanna International Group and Omicron Media.

Cloud Communications Company Cloud9 Raises $17.5 Million Led By UBS

By Dan Anderson ● Jun 4, 2020

Cloud-based communications leader Cloud9 Technologies announced it has raised a $17.5 million Series B round of funding.

Francisco Partners Closes Nearly $10 Billion In Capital Commitments

By Amit Chowdhry ● Jun 4, 2020

Francisco Partners has announced that it closed about $10 billion in capital commitments across three funds.

Amazon Reportedly In Talks To Buy $2 Billion Stake In Bharti Airtel

By Amit Chowdhry ● Jun 4, 2020

Amazon.com, Inc. (NASDAQ: AMZN) is reportedly in early-stage talks to buy a $2 billion stake in Bharti Airtel Limited (NSE: BHARTIARTL).

Email Phishing Protection Company INKY Raises $20 Million

By Amit Chowdhry ● Jun 4, 2020

INKY Technology Corporation, a pioneer in next-gen email phishing protection, announced that it has raised $20 million in Series B funding.

NGL Energy Partners LP: $250 Million Term Loan Facility Entered With Apollo Global (NGL, APO)

By Amit Chowdhry ● Jun 4, 2020

NGL Energy Partners LP (NYSE: NGL) has announced that it entered into a new $250 million term loan facility with certain funds and accounts managed by affiliates of Apollo Global.

Meritech Capital Raises $800 Million For Seventh Fund

By Amit Chowdhry ● Jun 4, 2020

Venture capital firm Meritech Capital Partners LP has raised $800 million for its seventh fund.

Palo Alto Networks (PANW) Unveils $1.75 Billion Offering Of Convertible Senior Notes Due 2025

By Amit Chowdhry ● Jun 4, 2020

Palo Alto Networks Inc (NYSE: PANW) has announced its intention to offer (subject to market conditions and other factors) $1.75 billion aggregate principal amount of convertible senior notes due 2025 in a private placement to qualified institutional buyers.

Mobile Banking Company Varo Closes $241 Million In Funding

By Annie Baker ● Jun 4, 2020

Mobile banking company Varo Money announced it has raised $241 million in a Series D round of funding.

Startup Accelerator Team8 Launches A VC Arm

By Amit Chowdhry ● Jun 3, 2020

Israel-based startup accelerator Team8 announced it is launching a VC arm. These are the details.

All-In-One Banking App Lili Closes $10 Million In Funding

By Noah Long ● Jun 3, 2020

Lili, an all-in-one banking app that is designed for freelance workers, announced it raised a $10 million seed funding round.

Paperwork Automation Platform Anvil Raises $5 Million

By Amit Chowdhry ● Jun 3, 2020

Paperwork automation platform Anvil announced it has raised $5 million in Series A funding led by Google's AI-focused investment fund Gradient Ventures.

Intelligence Solution Watchful Raises $3 Million

By Noah Long ● Jun 3, 2020

Watchful, an intelligence solution that is focused on revealing your competitors' product strategy, announced it has raised $3 million.

MassMutual Ventures Announces Third $100 Million Fund

By Amit Chowdhry ● Jun 3, 2020

MassMutual Ventures (MMV) has announced today that it has launched a third $100 million venture capital fund.

SoftBank Is Launching A $100 Million Fund To Invest In People Of Color

By Amit Chowdhry ● Jun 3, 2020

SoftBank Group Corp announced today that it is launching a $100 million to invest in companies that are “led by founders and entrepreneurs of color” called "Opportunity Growth Fund."

Gojek: Facebook And PayPal Joins As Investors

By Amit Chowdhry ● Jun 3, 2020

Facebook and PayPal are now investors in Indonesia-based Gojek. These are the details about the funding news.

Business Process Automation Appway Company Raises $37 Million

By Amit Chowdhry ● Jun 3, 2020

Business process automation company Appway announced that it has raised a $37 million minority investment from Summit Partners.

Breast Cancer Screening Software Company Vara Closes €6.5 Million

By Noah Long ● Jun 3, 2020

Vara, a Berlin-based company that is on a mission to make breast cancer screening accessible around the world, announced it has raised a €6.5 million Series A round of funding led by OMERS Ventures.

Diabetes Solutions Company Bigfoot Biomedical Raises $55 Million

By Noah Long ● Jun 3, 2020

Bigfoot Biomedical has announced that it raised a total of $55 million to close its Series C equity financing.

Autonomous Mobile Robot Company Locus Robotics Raises $40 Million

By Dan Anderson ● Jun 3, 2020

Locus Robotics, a market leader in autonomous mobile robots (AMR) for fulfillment warehouses, announced that it raised over $40 million in Series D funding.

Volkswagen Closes $2.6 Billion Investment In Argo AI

By Amit Chowdhry ● Jun 3, 2020

Argo AI, a self-driving company that spun out of Ford Motor Company, announced that it closed a $2.6 billion deal with Volkswagen AG.

OurCrowd Unveils $100 Million Pandemic Innovation Fund

By Amit Chowdhry ● Jun 2, 2020

OurCrowd — which is the world’s largest crowdfunded-venture investment platform — announced the launch of its Pandemic Innovation Fund with plans to raise $100 million for investment.

Ares Management: $150 Million Capital Raised For IGS Resi Solar III

By Noah Long ● Jun 2, 2020

Ares Management Corporation (NYSE: ARES) — through funds managed by its Infrastructure and Power strategy and IGS Ventures — announced the completion of a $150 million capital raise for IGS Resi Solar III, LLC.

Vacasa Raises $108 Million In Funding Led by Silver Lake

By Noah Long ● Jun 2, 2020

Vacasa, one of the largest vacation rental management platforms, announced it has raised $108 million in funding led by Silver Lake.