Our Leadership Series interview where Tracy Isacke of Silicon Valley Bank talks to Tony Askew from REV Venture Partners.
GV’s new leader’s steady hand
Microsoft continues rapid hiring and investment pace
Leeney leaves Telefonica
Spanish VC firm Kibo Ventures has raised $79m for the first close of its second fund, which it aims to expand to roughly $110m for its final close.
Ideo designs investment firm
KU Leuven researches $67.5m fund
Europe sets up venture markets
Time Warner Investments had made a decent-sized exit from marketing data management software company Krux, which has been acquired for about $700m by Salesforce.
Continental picks up Daimler-backed Zonar
Snap, which rebranded from Snapchat a few weeks ago, is said to be preparing for an IPO that could take place as soon as March 2017, and which could value it at $25bn, a steep jump from the $18bn post-money valuation at which it last raised funding, in May.
Obalon Therapeutics, developer of a gastric balloon to aid weight loss, has meanwhile raised $75m in an IPO that could potentially rise to more than $86m.
Payoneer to break new ground in $180m round
Sumitomo Mitsui Card Company adds investment to Stripe
Connected device network developer Sigfox is also looking to boost its coffers and is looking to raise $100m to $200m in a round that will feature an as yet unnamed Chinese strategic backer, and which will value it at $600m, a 50% jump from its last round in early 2015.
NTT drives Druva’s $51m series E
Rover, the dogsitting marketplace backed by Petco, was rumoured last month to be raising $40m in series E capital from Foundry Group, Menlo Ventures and Madrona Venture Group. Today, the company confirmed the deal, though it didn’t say whether the estimated valuation of $300m was also correct.
Remitly, a mobile remittance services provider that focuses primarily on foreign workers in the US hoping to send money back to family, has added a combined $38m in equity and debt from Silicon Valley Bank and International Finance Corporation to its coffers.
Welltok knocks out $33.7m round
Clearpath reaches corporates for $30m
Online video publishing platform Tout has secured $26m in a series C round backed by sports entertainment provider and partner WWE, after closing a $13.4m round in 2012 that featured a $5m investment from WWE.
Grana targets $10m in Alibaba-backed round