From the drawing pencils of babes. Seven years ago Hovhannes Avoyan was engaged in selling his company, Monitis, a provider of cloud-based network monitoring solutions, when his then 10-year-old daughter, Zara, came to him in tears. She was upset because she was sharing her art and online bullies were critical of her work. “She always […]
Austin, Texas-based legal tech company Disco just announced an $83 million Series E round led by Georgian Partners, bringing total investment to $135 million. Bessemer Venture Partners, LiveOak Venture Partners, the Stephens Group and Comerica also participated in the latest round. The company uses artificial intelligence to help lawyers and other legal professionals with e-discovery […]
General Electric is looking at spinning out its corporate venture capital arm, GE Ventures, into a separate entity, according to a report in MedCity News. Details are still being worked out, but one possibility is that Mohr Davidow Ventures would take over responsibility of the new entity, the news site said. It also wasn’t clear […]
CrediFi, a New York and Israel-based commercial real estate data and analytics company, wants to become the Bloomberg of real estate finance. The company announced that it raised $6 million, a second part of Series B round, bringing total investment in CrediFi to $29 million since it was founded in 2014. The big data company […]
By Alex Derber, VCJ Correspondent Despite big strides by European tech companies over the past decade, the Continent’s investors still clamor for access to the U.S., which remains by far the biggest venture market and the source of the most successful companies and funds. Straddling the Atlantic is Paris-based Quadrille Capital, which is closing on a […]
By Tim Schigel, Refinery Ventures It’s hard to fathom a startup exodus from California, of all places, with its balmy weather, sweeping cliff-top ocean views and seemingly endless sources of capital for the next new thing. But innovators are leaving and in droves. How did we end up here? It reminds me of a quote […]
Austin McChord was thinking about his next steps after leaving Datto, a company he founded and led before selling it for what some reports estimate to be $1.5 billion, when David Fialkow, General Catalyst’s co-founder, approached him to join the firm as a venture partner. “Datto provided a great return and I was asked to […]
Despite choppy stock market conditions and the U.S. government shutdown, this year will likely see at least several of the largest and best-known VC-backed unicorns make their public-market debuts, rewarding investors who have for years been patiently waiting for liquidity events. Uber, Lyft and Slack have all reportedly filed confidential IPOs with the SEC. Meanwhile, […]
Canada’s venture capital market broke records in 2018, its ninth straight year of growth. The milestones included the most financings sized C$100 million ($75 million) or more – ever. Eight such megarounds closed last year, exceeding the prior record of five set in 2017. That made the market’s top 10 VC financings especially cash-intensive. In […]
The venture industry saw an 18-year record in fundraising in 2018, and December also ended on a strong note. In venture investing, e-cigarette maker Juul’s December investment helped push the deal numbers to an all-time high. M&A activity also took off last year, but the December numbers were more modest. The following indices are based […]