Israel Secondary Fund launched a second $100m fund, of which is it reported to have closed $70m. Another $200m Sino-Israeli fund launched by Catalyst Private Equity-CEL partnership
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Round was co-led by existing investor General Catalyst & new investor Kinnevik.
Stripe Inc. raised new financing that values the startup at about $9 billion, cementing its status as a major player in the crowded digital payments space and heralding a possible initial public offering. CapitalG, the late-stage investment arm of Alphabet Inc., and venture capital firm General Catalyst Partners led the… Read more »
BreadTalk Group is forming a JV to grow its footprint in the UK, while Gushcloud has partnered with Octane AI to expand the use of its chatbot service.
For the first time in its 44-year history, Sequoia Capital, one of the most vaunted venture capital firms in Silicon Valley, has hired a female investing partner for its U.S. operations. She’s the co-founder and chief executive officer of Polyvore, a shopping site for fashion and home decor. Yahoo! Inc. acquired it last year for $230 million.
Pursuant to this investment, Hemant Taneja, managing director at American venture capital firm General Catalyst Partners, has joined the board of MYSUN.
Social Nation is InVent’s 10th portfolio company and its first investment in the United States. The previous investments include local business review portal Wongnai, golf-course booking platform Golfdigg and mobile-first engagement solutions Playbasis.
Venture capital deal activity in the third quarter is 2016 has been the slowest since Q4 of 2011 both in terms of number of deals and aggregate deal value, after a robust run in the previous few years. 2,050 venture capital deals were announced globally worth $26 billion–the lowest number of deals and aggregate deal value seen so far in 2016.
Nutanix may have squeaked by, but public offerings at a price below the private market valuation, once a rare event, have become quite common, especially for venture-backed companies worth $1 billion or more – the so-called unicorns. Such low-priced IPOs have been often been followed by lackluster public market performance.
Electronic payments major Stripe has launched in Singapore while mobile customer engagement venture Perx has formed a partnership with customer engagement startup Complex Interactions.