TCV
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From zero to Employment Hero
In a startup world where down rounds prevail and much beyond low-million Series A raises are practically (but not totally) unheard of, those rare megabuck funding rounds stand out just that little bit more today than they did even a year ago. With that in mind, Employment Hero, an Australia-based recruitment,…
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Filings reveal PE and VC returns amid escalating write-downs
Some high-profile venture capital and private equity firms are slashing the valuation of their holdings, causing billions in apparent profits to evaporate as the economic downturn undermines the sustained growth of the last 13 years. The California Pension System, the largest pension system in the U.S. whose investments are sprinkled…
Security has a data problem. That’s according to Kfir Tishbi, who led the engineering team at Datorama, a marketing analytics company that was acquired by Salesforce in 2018. Tishbi —…
Equity Monday: If you don’t want to be criticized for your editorial choices, don’t make editorial choices
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This Monday show…
TCV, looking to bond with younger startups, has raised a new $460 million fund to back them
Over the last decade, late-stage and crossover funds have faced sharper elbows from a wider number of non-traditional market participants that write checks to maturing but still-private companies. A lot…
HR tech platform Darwinbox has more than tripled its valuation to become a unicorn in a new $72 million funding round as the Indian startup leads what an investor calls…
In the latest fintech megaround, Brex has confirmed that it has raised $300 million in a Series D-2 round that ups its valuation to $12.3 billion. TechCrunch in October was…
French startup Qonto has raised a $552 million Series D funding round (€486 million). Following this investment, the startup has reached a valuation of $5 billion (€4.4 billion). This is…
Razorpay has more than doubled its valuation to $7.5 billion from $3 billion in April as one of India’s largest fintech giants demonstrates fast growth and aggressively broadens its product…
FarEye, an Indian SaaS startup that helps firms globally optimize their supply chain and logistics operations, said on Tuesday it has raised a new financing round, its third since the…
Dream Sports, the parent firm of fantasy sports app Dream11, has secured $400 million in a new financing round as the Mumbai-headquartered firm builds what it calls an “end-to-end sports…
Hello and welcome back to Equity, TechCrunch’s venture-capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Danny and Alex and Grace hopped online for our weekly show, sans GameStop…
The pandemic has spelled economic setbacks for many people and industries, but the capital swirling about the technology world continues to roar along. In the latest development, TCV — the…
Challenger banks, incumbent banks and all of the many businesses that are making inroads into any kind of banking service all have something in common: when it comes to launching…
OneTrust, the four-year-old privacy platform startup from the folks who brought you AirWatch (which was acquired by VMmare for $1.5 billion in 2014), announced a $300 million Series C on an…
Businesses today feel, more than ever, the imperative to have flexible e-commerce strategies in place, able to connect with would-be customers wherever they might be. That market driver has now…
Activity and fitness tracking platform Strava has raised $110 million in new funding, in a Series F round led by TCV and Sequoia, and including participation by Dragoneer group, Madrone…
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‘Edtech is no longer optional’: Investors’ deep dive into the future of the market
One reason some venture capitalists and founders don’t enter edtech is because the space has a sluggish stereotype, thanks to red tape, slow sales cycles, and, in America, a fragmented customer base. But data suggests that edtech’s reputation is not entirely earned. Byju’s is India’s second-most-valuable company. Since 2013, there…
8 edtech investors talk reskilling, digital universities, ISAs and other post-pandemic trends
We know that the coronavirus has brought unprecedented attention to the edtech market, but now what? What happens when schools are no longer clambering toward an overnight solution? When the…
Last valued at $5 billion, restaurant management platform Toast has joined the sweep of startups laying off employees due to the economic impact of the COVID-19 pandemic. Toast reduced the…
Fintech startup Revolut is raising a large Series D round of funding. TCV is leading the $500 million round, valuing the company at $5.5 billion. Over the past few years,…
Today SiteMinder, an Australian software company focused on the hotel industry, announced a $70 million (USD) round that values the company at $750 million. That’s about $1.08 billion in Australian…
Over the past several years, ‘fintech’ has quietly become the unsung darling of venture. A rapidly swelling pool of new startups is taking aim at the large incumbent institutions, complex…
Another day, another mega round for a fintech startup. And this one is mega-mega. Brazil-based Nubank, which offers a suite of banking and financial services for Brazilian consumers, announced today…
Vectra, a seven-year-old company that helps customers detect intrusions at the network level, whether in the cloud or on premises, announced a $100 million Series E funding round today led…
Modsy has raised some new cash as the computer vision startup looks to get physical and build more of the furniture it recommends. The startup announced they have closed $37…
Newsela raises $50M to expand a content repository for K-12 learning that replaces traditional textbooks
As schools continue to look for new ways to cut costs while at the same time reboot their curriculum to better tap new innovations and improved understandings of how children…
Ever since the rollout of the $100 billion SoftBank Vision Fund, established VCs have been outdoing each other to raise ever-bigger funds. But let’s not write the epitaph on smaller…
Varsity Tutors, the learning platform founded in 2011, today announced the close of a $50 million Series C funding round led by Learn Capital. The Chan Zuckerberg Initiative and existing…
Fashion e-commerce powerhouse Rent the Runway has confirmed that it raised $60 million in a funding round led by Fidelity Investments. Technology Crossover Ventures, Bain Capital Ventures, Highland Capital Partners…
