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Michael Brown, the new chair of the powerful lobbying group NVCA, shares his agenda

Michael Brown, a longtime general partner with Battery Ventures, was just elected to the role of chairman of the National Venture Capital Association three years after joining its board of directors. Earlier this week, we caught up with Brown to ask about his new, year-long role with the 48-year-old trade group — and what issues he sees as top of mind right now for the many American VCs he is now representing. TC: VCs are always concerned about tax treatments, but these are obviously even more t...
Tags: Startups, TC, Congress, California, Washington, America, Joe Biden, United States, Venture Capital, Michael Brown, SEC, Pfizer, Biden, National Venture Capital Association, Battery Ventures, Trump


Investor Michael Brown, newly elected to chair the powerful lobbying group NVCA, shares his agenda

Michael Brown, a longtime general partner with Battery Ventures, was just elected to the role of chairman of the National Venture Capital Association three years after joining its board of directors. Earlier this week, we caught up with Brown to ask about his new, year-long role with the 48-year-old trade group — and what issues he sees as top of mind right now for the many American VCs he is now representing. TC: VCs are always concerned about tax treatments, but these are obviously even more t...
Tags: TC, Congress, California, Washington, America, Tech, Joe Biden, United States, Venture Capital, Michael Brown, SEC, Pfizer, Biden, National Venture Capital Association, Battery Ventures, Trump


Investor Michael Brown, the new chair of the powerful lobbying group NVCA, shares its agenda

Michael Brown, a longtime general partner with Battery Ventures, was just elected to the role of chairman of the National Venture Capital Association three years after joining its board of directors. Earlier this week, we caught up with Brown to ask about his new, year-long role with the 48-year-old trade group — and what issues he sees as top of mind right now for the many American VCs he is now representing. TC: VCs are always concerned about tax treatments, but these are obviously even more t...
Tags: Startups, TC, Congress, California, Washington, America, Joe Biden, United States, Venture Capital, Michael Brown, SEC, Pfizer, Biden, National Venture Capital Association, Battery Ventures, Trump


Michael Brown, the new chair of the powerful lobbying group NVCA, shares its agenda

Michael Brown, a longtime general partner with Battery Ventures, was just elected to the role of chairman of the National Venture Capital Association three years after joining its board of directors. Earlier this week, we caught up with Brown to ask about his new, year-long role with the 48-year-old trade group — and what issues he sees as top of mind right now for the many American VCs he is now representing. TC: VCs are always concerned about tax treatments, but these are obviously even more t...
Tags: TC, Congress, California, Washington, America, Tech, Joe Biden, United States, Venture Capital, Michael Brown, SEC, Pfizer, Biden, National Venture Capital Association, Battery Ventures, Trump


The fintech endgame: New supercompanies combine the best of software and financials

Shiran Shalev Contributor Share on Twitter Shiran Shalev is a principal at Battery Ventures, where he focuses primarily on software and consumer investments, including fintech. More posts by this contributor Why Breach Detection Is Your New Must-Have, Cyber Security Tool Aaron Rinberg Contributor Aaron Rinberg is a vice president at Battery Ventures. ...
Tags: Amazon, TC, Column, Enterprise, Finance, Insurance, Tech, E-commerce, Venture Capital, Financial Services, Fintech, Shopify, Battery Ventures, Customer Service Software, Shiran Shalev, Aaron Rinberg Contributor Aaron Rinberg


Homebuying startup Flyhomes closes $150 million Series C

Amid a recent tear in residential real estate investment, venture capitalists are looking to get a piece of homebuying startup Flyhomes. The five-year-old startup announced today that they’ve closed a $150 million Series C co-led by Norwest Venture Partners and Battery Ventures. Fifth Wall, Camber Creek, Balyasny Asset Management, Zillow’s Spencer Rascoff, and existing investors Andreessen Horowitz and Canvas Partners also participated in the round. Norwest’s Lisa Wu and Battery’s Roger Lee are ...
Tags: TC, Real Estate, Entrepreneurship, US, Tech, Economy, Companies, United States, Andreessen Horowitz, Zillow, Startup Company, Battery Ventures, Redfin, Norwest Venture Partners, Norwest, Spencer Rascoff


Fashion wholesale marketplace Joor opens China office

Joor, an online marketplace that connects fashion brands and retailers around the world, has opened its first China office in downtown Shanghai as it eyes growth in the region. The 11-year-old New York-based company works as a virtual showroom for brands, which traditionally would meet with their retail partners in physical venues to showcase the latest collections. With Joor, showrooms become live videos, a feature that has no doubt proven useful during COVID-19. The company also gives brands a...
Tags: Ecommerce, Asia, Europe, New York, China, Tech, Asia Pacific, Shanghai, Tokyo, Online Marketplace, Melbourne, North America, Battery Ventures, APAC, Canaan Partners, Itochu


Insurtech startup Obie raises $10.7M Series A led by Battery Ventures

Obie , which has developed an insurtech platform for landlords, has raised $10.7 million in a Series A funding round led by Battery Ventures. Thomvest Ventures, Funders Club, MetaProp and Second Century Ventures also participated in the financing. If this sounds like a niche offering, that’s because it is. Obie’s software specifically targets small-to-medium size apartment landlords who own single-family rentals and/or larger apartment buildings.   Chicago-based Obie — which also went ...
Tags: Startups, TC, Y Combinator, Landlord, Startup, Insurance, Tech, Chicago, United States, Venture Capital, Michael Brown, Underwriting, Battery Ventures, Casualty Insurance, Brown, Aaron


Styra, the startup behind Open Policy Agent, nabs $40M to expand its cloud-native authorization tools

As cloud-native apps continue to become increasingly central to how organizations operate, a startup founded by the creators of a popular open-source tool to manage authorization for cloud-native application environments is announcing some funding to expand its efforts at commercializing the opportunity. Styra, the startup behind Open Policy Agent, has picked up $40 million in a Series B round of funding led by Battery Ventures. Also participating are previous backers A. Capital, Unusual Venture...
Tags: Open Source, Cloud, Enterprise, Developer, Funding, Tech, Applications, Containers, Accel, Kubernetes, Battery Ventures, Zalando, Dharmesh Thakker, Thakker, Bill Mann, Cloud Native


With $21M in funding, Code Ocean aims to help researchers replicate data-heavy science

Every branch of science is increasingly reliant on big data sets and analysis, which means a growing confusion of formats and platforms — more than inconvenient, this can hinder the process of peer review and replication of research. Code Ocean hopes to make it easier for scientists to collaborate by making a flexible, shareable format and platform for any and all datasets and methods, and it has raised a total of $21M to build it out. Certainly there’s an air of “Too many options? Try this one!...
Tags: Fundings & Exits, Startups, Cloud, Science, Cloud Computing, Funding, Tech, Ocean, SaaS, Biotech, Battery Ventures, Recent Funding, Code Ocean, Digitalis Ventures EBSCO, Vaal Partners


HoneyBook raises $155M at $1B+ valuation to help SMBs, freelancers manage their businesses

HoneyBook, which has built out a client experience and financial management platform for service-based small businesses and freelancers, announced today that it has raised $155 million in a Series D round led by Durable Capital Partners LP. Tiger Global Management, Battery Ventures, Zeev Ventures, 01 Advisors as well as existing backers Norwest Venture Partners and Citi Ventures also participated in the financing, which brings the New York-based company’s valuation to over $1 billion. With th...
Tags: Fundings & Exits, Startups, Business, New York, Small Business, Entrepreneurship, Funding, Articles, Tel Aviv, Tech, Ceo, Economy, Canada, United States, SaaS, Venture Capital


Building a creator-focused OS

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading.  A week ago TechCrunch covered Pico’s $6.5 million funding round and described it as “a New York startup that helps online creators and media companies make money and manage their customer data.” The Exchange has also covered Pico before, most recently during a mid-2020 dive into the world of indie pub...
Tags: Fundings & Exits, Startups, Y Combinator, UK, New York, America, San Francisco, Tech, Cms, Kim, Instacart, Coinbase, Bain Capital Ventures, Exchange, Battery Ventures, Anthony Ha


AI startup UiPath jumps 26% during its public debut, pushing valuation to $37 billion

UiPath CEO Daniel Dines UiPath Shares of UiPath jumped as much as 26% on Wednesday, bringing its valuation to $37 billion at intraday highs. The rally indicates the growing demand for automated services, especially during the pandemic. But an analyst said the company has to do more than being "just a little better in an existing market." See more stories on Insider's business page. Shares of UiPath jumped as much as 26% on Wednesday during its public debut at the New York Stock Exchan...
Tags: Microsoft, Ipo, Trends, Startup, Markets, Software, Automation, New York Stock Exchange, Stock Market, Kleiner Perkins, Battery Ventures, BUCHAREST Romania, Dharmesh Thakker, UiPath, Daniel Dines, Isabelle Lee


Daily Crunch: Google Earth gets an update

Google Earth gives users a new look at a changing planet, Facebook tests new business discovery features and Autodesk acquires Upchain. This is your Daily Crunch for April 15, 2021. The big story: Google Earth gets an update Google is describing this as Google Earth’s biggest update since 2017, though there’s really just one major addition: A time-lapse mode bringing together satellite photos from the past 37 years, in 3D. Beyond just being a novel new feature, this mode can reveal how climate...
Tags: Google, TC, Facebook, Berlin, Toronto, Tech, Google-earth, Autodesk, Detroit, MWC, Ifa, Battery Ventures, Dan Gilbert, Alex Wilhelm, Garry Kasparov, CCPA


Billion-dollar B2B: cloud-first enterprise tech behemoths have massive potential

Dharmesh Thakker Contributor Share on Twitter Dharmesh Thakker is a general partner at Battery Ventures and a former managing director at Intel Capital. More posts by this contributor Tracking the explosive growth of open-source software How viral open-source startups can build themselves into enterprise-IT powerhouses More than half a decade ago, my Battery Ventures partner Neeraj Agrawal penne...
Tags: Startups, TC, Column, Tech, Venture Capital, B2b, Enterprise Software, Battery Ventures, FactSet, Dharmesh Thakker, Neeraj Agrawal, Cloud Applications, Intel Capital More, EC Market Map, EC Column, EC Cloud and Enterprise Infrastructure


Detroit’s native son, billionaire Dan Gilbert, makes the case for his town

Dan Gilbert loves his hometown of Detroit. He loves it so much that the billionaire founder of what would eventually become the mortgage lender Quicken Loans has poured at least $2.5 billion into rehabilitating buildings in the heart of the city. He has also invested in many companies that are now tenants in those buildings, along with the restaurants and retailers that have made the scene far livelier than before Gilbert began his campaign to reestablish Detroit as one of the most important cit...
Tags: Google, Amazon, TC, Microsoft, Tech, Canada, Nba, Michigan, Cleveland, Google Ventures, Detroit, Ohio State, Columbus, Milwaukee Brewers, Ron Conway, Battery Ventures


With an ARR topping $250 million, LA’s vertical SAAS superstar ServiceTitan is now worth $8.3 billion

Who knew building a vertical software as a service toolkit focused on home heating and cooling could be worth $8.3 billion? That’s how much Los Angeles-based ServiceTitan, a startup founded just eight years ago is worth now, thanks to some massive tailwinds around homebuilding and energy efficiency that are serving to boost the company’s bottom line and netting it an unprecedented valuation for a vertical software company, according to bankers. The company’s massive mint comes thanks to a new $5...
Tags: TC, California, Finance, US, Los Angeles, Tech, Atlanta, Investment, Software, United States, Greenhouse Gas Emissions, Energy Efficiency, Armenia, Tiger Global Management, Dragoneer Investment Group, Sequoia


No code, workflow, and RPA line up for their automation moment

We’ve seen a lot of trend lines moving throughout 2020 and into 2021 around automation, workflow, robotic process automation (RPA) and the movement to low-code and no-code application building. While all of these technologies can work on their own, they are deeply connected and we are starting to see some movement towards bringing them together. While the definition of process automation is open to interpretation, and could include things like industrial automation, Statista estimates that the p...
Tags: TC, Cloud, Enterprise, Microsoft, Ipo, Berlin, India, Tech, Automation, Workflow, Gartner, Sap, Battery Ventures, Statista, RPA, Dharmesh Thakker


Do we need so many virtual HQ platforms?

Teamflow, founded by ex-Uber manager Flo Crivello, has raised an $11 million Series A just three months after raising a $3.9 million seed for its virtual HQ platform. The latest round in the startup was led by Battery Ventures, with Menlo Ventures leading its previous financing event. Teamflow’s raise comes just days after competitor Gather announced a $26 million Series A round led by Sequoia Capital. Another company, Branch, has raised a $1.5 million seed round from investors such as Homebrew ...
Tags: Startups, TC, Tech, Remote Work, Gumroad, Menlo Ventures, Virtual, Battery Ventures, Mills, Sahil Lavingia, Recent Funding, Crivello, Dayton Mills, Teamflow, Virtual Hq, Flo Crivello


Bessemer’s 2021 cloud report provides context for soaring software startup valuations

Some well-known VC firms have spent the last few months crunching data while working to chart, graph, and map the world of venture investing. Happily for you and I, they’ve been pretty free with their time and data, helping us better understand today’s market for high-growth, software startups. Last week The Exchange dug into data from Battery Ventures, which worked to explain some of the gains software companies have made in recent years in terms of their valuation multiples. The short gist is ...
Tags: Fundings & Exits, Startups, TC, Cloud, Tech, SaaS, Venture Capital, Battery, Battery Ventures, Bessemer, The Exchange, Mary D Onofrio, EC Cloud and Enterprise Infrastructure, EC Newsletter


Investors still love software more than life

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Want it in your inbox every Saturday morning? Sign up here. Ready? Let’s talk money, startups and spicy IPO rumors. Despite some recent market volatility, the valuations that software companies have generally been able to command in recent quarters have been impressive. On Friday, we took a look into w...
Tags: Fundings & Exits, Startups, TC, MetroMile, Tech, SaaS, Bigcommerce, Nasdaq, Consumption, Shopify, Battery Ventures, SPAC, ARR, Matt Calkins, Hippo, Bixby


Understanding how investors value growth in 2021

We’re not digging into another IPO filing today. You can read all about AppLovin’s filing here, or ThredUp’s document here. This morning, instead, we’re talking about an old favorite: software valuations. The folks over at Battery Ventures have compiled a lengthy dive into the 2020 software market that’s worth our time — you can read along here; I’ll provide page numbers as we go — because it helps explain some software valuations. The Exchange explores startups, markets and money. Read it ever...
Tags: Fundings & Exits, Startups, TC, Cloud, Tech, Software, SaaS, Valuations, Battery Ventures, Neeraj Agrawal, The Exchange, Brandon Gleklen


EquityBee raises $20M to help startup employees actually afford their stock options

EquityBee, a stock option marketplace startup, has raised $20 million in a Series A round of funding. Group 11 led the financing, which also included participation from Oren Zeev Ventures, Battery Ventures and ICON Continuity Fund. It brings the company’s total raised to over $28 million since its 2018 inception. EquityBee CEO and co-founder Oren Barzilai says his company’s mission is to help educate startup employees on the meaning of their stock options, as well as provide them with funds to b...
Tags: Startups, Funding, Israel, Tech, Venture Capital, Silicon Valley, Battery Ventures, Adam Neumann, GrubHub, Oren Barzilai, Barzilai, Dovi Frances, Recent Funding, Group 11, EquityBee, Oren Zeev Ventures Battery Ventures


9 investors discuss hurdles, opportunities and the impact of cloud vendors in enterprise data lakes

About a decade ago, I remember having a conversation with a friend about big data. At the time, we both agreed that it was the purview of large companies like Facebook, Yahoo and Google, and not something most companies would have to worry about. As it turned out, we were both wrong. Within a short time, everyone would be dealing with big data. In fact, it turns out that huge amounts of data are the fuel of machine learning applications, something my friend and I didn’t foresee. Frameworks were ...
Tags: Google, Python, TC, Tech, Hadoop, Snowflake, Databricks, Battery Ventures, Matrix Partners, Data Lake, Mayfield, Amazon Microsoft, Jon Lehr, Navin Chaddha, Dharmesh Thakker, Facebook Yahoo


Nobl9 raises $21M Series B for its SLO management platform

SLAs, SLOs, SLIs. If there’s one thing everybody in the business of managing software development loves, it’s acronyms. And while everyone probably knows what a Service Level Agreement (SLA) is, Service Level Objectives (SLOs) and Service Level Indicators (SLIs) may not be quite as well known. The idea, though, is straightforward, with SLOs being the overall goals a team must hit to meet the promises of its SLA agreements, and SLIs being the actual measurements that back up those other two numbe...
Tags: Google, Fundings & Exits, Startups, TC, Cloud, Enterprise, Adobe, Developer, Funding, Supply Chain Management, Tech, Computing, Software Development, Outsourcing, Kubernetes, Battery Ventures


Why one Databricks investor thinks the company may be undervalued

The recent Databricks funding round, a $1 billion investment at a $28 billion valuation, was one of the year’s most notable private investments so far. For Databricks signaled its IPO readiness by disclosing to TechCrunch last year that it had scaled its revenue run rate from $200 million to $350 million in a year, so the new capital looked like the capstone on its private fundraising before an eventual public debut. The Exchange explores startups, markets and money. Read it every morning on Ex...
Tags: Fundings & Exits, Startups, TC, Tech, SaaS, Aerospace, TechCrunch, Databricks, Battery Ventures, ARR, Dharmesh Thakker, Thakker, Ali Ghodsi, The Exchange, EC Cloud and Enterprise Infrastructure, EC Newsletter


End-to-end operators are the next generation of consumer business

Roger Lee Contributor Share on Twitter Roger Lee is a general partner at Battery Ventures, based in Menlo Park, CA, who focuses on investments in software and consumer tech, including online marketplaces. More posts by this contributor Keys to ascending the consumer-internet throne How to communicate with your board in tough times Justin Da Rosa Contributor ...
Tags: Health, TC, Transportation, Ecommerce, Column, Real Estate, Entertainment, Finance, Marketing, San Francisco, Supply Chain Management, Tech, Automotive, Yellow Pages, Exit, Battery Ventures


3 ways the pandemic is transforming tech spending

Eric Tan Contributor Eric Tan is Senior Vice President of IT and Business Services Coupa, a leader in business spend management and a former Battery portfolio company. Scott Goering Contributor Scott Goering is VP of Business Development at Battery Ventures . Ever since the pandemic hit the U.S. in full force last March, the B2B tech community keeps asking the same questions: Are businesses spending more on te...
Tags: Cloud, Ecommerce, Column, Enterprise, Digital Transformation, Labor, Cloud Computing, Tech, Remote Work, CIO, E-commerce, Netflix, SaaS, Goldman Sachs, Rhode Island, B2b


Everyone has an opinion on the $27.7B Slack acquisition

When the Salesforce-Slack deal was officially announced on Tuesday afternoon, and the number appeared, it was kind of hard to believe. Salesforce had shelled out more than $27 billion to buy Slack and bring it into the Salesforce family of products. The company sees a key missing piece in Slack, and that could explain why it was willing to spend such an astonishing amount of money to get it. With Slack, Salesforce now has what CEO Marc Benioff called the interface to everything, something ...
Tags: TC, Cloud, Enterprise, Microsoft, Time, Tech, M&a, Salesforce, Msft, Taylor, Slack, Marc Benioff, Battery Ventures, Leary, Enterprise Social, Leyla Seka


Altana raises $7M to protect supply chains from disruptions, child labor

Supply chains used to be one of those magical elements of capitalism that seemed to be designed by Apple: they just worked. Minus the occasional salmonella outbreak in your vegetable aisle, we could go about our daily consumer lives never really questioning how our fast-fashion clothes, tech gadgets, and medical supplies actually got to our shelves or homes. Of course, a lot has changed over the past few years. Anti-globalization sentiment has grown as a political force, driving governments like...
Tags: Apple, Fundings & Exits, Startups, New York, London, Funding, Tech, United States, United Kingdom, Logistics, Smith, Oracle, Sap, Battery Ventures, Trump, U S Customs