Venture

Norwest Venture Partners, the now 60-year-old venture and growth equity firm backed entirely by the banking giant Wells Fargo, today rolled out its sixteenth fund, a $3 billion vehicle and its biggest to date. It’s easy to shrug off the development, but this new pool brings the assets Norwest

Nuvocargo, a logistics startup out to help simplify the challenges of cross-border trade, has raised $20.5 mlion in a round led by Tiger Global Management. The round valued the New York-based startup at $180 mlion, more than double the $70 mlion it was valued at when it raised $12 mlion in Apr.

Tyson Clark, a general partner with Alphabet’s venture arm, GV, has passed away unexpectedly at age 43. GV CEO David Krane just issued a statement about the team’s loss, writing, “With great sadness, we share the news that Tyson Clark, our friend and GV general partner, passed awa

Usage-based pricing (UBP) has quickly gone from fringe to mainstream in SaaS. Converts to UBP are drawn to the promise of accelerated revenue growth and a more efficient land-and-expand business model. But achieving faster revenue growth isn't as simple as just changing pricing. UBP is a compan

Andrew Chen has long been a student, and teacher, of how startups engage their users while managing to amass a slew of new ones. Today, he espouses his learnings — as a founder and a former Uber exec who led the company’s “rider growth” product teams for several years —

Twilio is a company that works directly with developers, so having an in-house investment arm that helps these developers who are building companies on top of Twilio makes a lot of sense. Today the communications API company announced the launch of Twilio Ventures, a $50 million fund created to inv

If investors complained about Wall Street 80 years ago, they're howling now. Industry players get richer and richer, while many investors see mediocre results after fees. Asset management is a highly unusual and somewhat baffling industry. Here are six main examples of just how peculiar this in

Whether you call it sustainability, ESG or climate tech, there is no doubt that doing good while making money has taken the world by storm. According to Bloomberg, global sustainable investment assets grew to $35.3 trillion just last year. That pencils out to about $1 of every $3 managed globally s

Hummingbird, which sells anti-money laundering software to banks and fintechs, announced today that it raised a $30 million Series B led by new investor Battery Ventures. Existing investors Flourish and Homebrew also participated in the round, alongside FinVC and Plaid co-founder William Hockey. Th

One of the biggest pain points for any business, but especially SMEs, is managing payroll.  A startup that has built payroll automation software to make the process less painful, Pento, has raised $35 million in a Series B round of funding co-led by Tiger Global Management and Avid Ventures.

Felix Capital, the London VC firm that has built a portfolio emphasizing investments in startups in the ecosystem that supports the creative class, is bringing on two more partners, Julien Codorniou and Susan Lin, as it continues to expand into a wider range of categories. Codorniou had been a long

Falcon Edge Capital, the New York-headquartered investment firm, has closed the first tranche of its new $10 billion fund and is rebranding as Alpha Wave Global, a source familiar with the matter said. Once the new fund — which is called Alpha Wave Ventures II — has completely closed, A

By today’s standards, $10 million isn’t a lot of capital to invest. But Iterative, which describes itself as a YC-style accelerator focused exclusively on Southeast Asia, says the $10 million it has raised from a cadre of Silicon Valley bigs — including investor Andrew Chen of And

When it comes to saving the planet, Raj Kapoor, Lyft's former chief strategy officer and head of business, doesn't think asking consumers (or the government) to change their ways is an effective strategy. Instead, he and Josh Felser, the co-founder of Freestyle Capital and a serial entrepre