Posts filtered by tags: Wellington Management[x]


 

SpotOn raises $300M at a $3.15B valuation and acquires Appetize

Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation. Fast forward to almost exactly one year later, and a lot has changed for the payments and software startup. Today, SpotOn said it has closed on $300 million in Series E financing that values the company at $3.15 billion — more than 5x of its valuation at the time of its Series C round, and significantly higher than its $1.875 billion valuation in May (yes, just thr...
Tags: Fundings & Exits, Startups, Instagram, Finance, Funding, Los Angeles, San Francisco, Startup, Tech, SaaS, Venture Capital, M&a, Square, Mobile Web, Payments, Online Payments


Sundae closes on $80M for residential real estate marketplace

Sundae , a residential real estate marketplace that pairs sellers of dated or damaged property with potential buyers, has raised $80 million in a Series C funding round co-led by Fifth Wall and General Global Capital. QED Investors, Wellington Management, Susa Ventures, Founders Fund, First American Financial, Prudence Holdings, Crossover VC, Intersect Capital, Gaingels and Oberndorf Ventures also participated in the financing. The round marks San Francisco-based Sundae’s third financing...
Tags: Fundings & Exits, Startups, Florida, Real Estate, Texas, California, Funding, Sacramento Kings, Isaiah Thomas, NFL, San Francisco, Startup, Tech, Georgia, Venture Capital, Nba


Indian food delivery startup Swiggy raises $1.25 billion led by SoftBank and Prosus

It took SoftBank several years, but the Japanese investment giant is now ready to bet on India’s food delivery market. Swiggy said on Tuesday it has closed a $1.25 billion financing round led by SoftBank Vision Fund 2 and Prosus Ventures. The new financing round, a Series J, includes the $800 million investment the Bangalore-based startup had disclosed to employees earlier this year. (SoftBank alone invested $450 million in the new round.) The new round, which Swiggy says was “heavily oversubscr...
Tags: Amazon, Food, Startups, Apps, Asia, Ipo, India, Softbank, Funding, Zomato, Accel Partners, Bangalore, Ola, Bernstein, Swiggy, Manish Singh


The Station: Quanergy and Embark to go public via SPAC, Spin and Bird announce fresh launches

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. As you are reading this, I’ll be preparing to head out for an adventure, joining thousands of others who plan to jump in their cars, trucks, SUVs, and of course, vans and RVs for th...
Tags: Apple, TC, Transportation, Uber, London, Germany, Berlin, New York City, Sacramento, Tech, Tesla, Joe Biden, Cruise, Automotive, United States, Porsche


Home services platform Urban Company raises $255 million at $2.1 billion valuation

Home services marketplace Urban Company said on Wednesday it has raised $255 million in a new financing round and confirmed a valuation of $2.1 billion, joining over a dozen other startups in India that have earned the unicorn status this year. The new financing round — a Series F — was led by Prosus Ventures, Dragoneer and Wellington Management, while Vy Capital, Tiger Global and Steadview participated in it. The Gurgaon-headquartered startup said* the new round features a primary capital infus...
Tags: Apps, Asia, India, Funding, Tech, Tiger Global, New Delhi, Wellington, Uae, Gurgaon, Vy Capital, Urbanclap, Kingdom of Saudi Arabia, Chandra, Wellington Management, Dragoneer


Digital closing platform Snapdocs valued at more than $1.5B

Snapdocs has raised $150 million in a series D funding round. The platform is now used by more than 130,000 mortgage professionals a day, touching nearly 20 percent of U.S. real estate transactions.
Tags: Technology, Radio, Venture Capital, Sam Altman, Mortgage, Tiger Global, Sequoia, Sv Angel, Founders Fund, Docusign, Blend, Industry News, Maverick, Fiserv, Digital Delivery, Gokul Rajaram


Kids-focused fintech Greenlight raises $260M in a16z-led Series D, nearly doubles valuation to $2.3B

Greenlight , the fintech company that pitches parents on kid-friendly bank accounts, has raised $260 million in a Series D funding round that nearly doubles its valuation to $2.3 billion. The funding comes just months after the Atlanta-based startup landed $215 million in funding at a $1.2 billion valuation. With the latest round, Greenlight has now raised over $550 million. Andreessen Horowitz (a16z) led its Series D, which also included participation from return backers TTV Capital, Cana...
Tags: Apple, Amazon, Fundings & Exits, Startups, TC, Apps, Y Combinator, Microsoft, Finance, Funding, Startup, Tech, Atlanta, Tesla, United States, Venture Capital


Patreon triples valuation to $4 billion in new raise

Patreon has tripled its valuation to $4 billion in a $155 million funding round led by Tiger Global, the company confirmed to the Wall Street Journal on Tuesday.   The creator economy platform, which allows artists to be directly funded by their fans, received new attention amid the Covid-19 pandemic as creators were forced to push more of their work online. The creator payments space has seen a multitude of new entrants in recent months but the eight-year-old Patreon has already built up an ex...
Tags: TC, Tech, The Wall Street Journal, Tiger Global, Wall-street-journal, Patreon, New Enterprise Associates, Wellington Management, Lone Pine Capital


More GameStop-like short squeezes could be up ahead in the 'fragile' stock market, says a market research veteran

Lucas Jackson/Reuters The GameStop short-squeeze that shook markets in January probably won't be the last of its kind, according to Wellington's Owen Lamont. The market veteran emphasized that short-squeezes are rare in well-functioning markets and the events of January made the system seem more fragile. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The GameStop short-squeeze that shook markets in January probably won't be the last of its kind, according to Welli...
Tags: Trends, Markets, Goldman Sachs, Volkswagen, Wellington, Gamestop, Lamont, GME, Short Squeeze, Wellington Management, Stock Market Outlook, Emily Graffeo, Lucas Jackson Reuters, Retail Investing, Gamestop Stock, MI Exclusive


Providing healthcare to lower-income communities values Cityblock Health at $1 billion

Cityblock Health, a company that provides healthcare services to low-income communities, is now commanding a high-priced valuation of over $1 billion after venture capitalists poured $160 million into the company. The round was led by new investor General Catalyst with participation from crossover investor Wellington Management and support from major existing investors, including Kinnevik AB, Maverick Ventures, Thrive Capital, Redpoint Ventures, and more, according to a statement from the compan...
Tags: TC, Tech, Medicaid, Wellington Management, Cityblock Health, Cityblock


Scopely raises $340 million at a $3.3 billion valuation as gaming grabs investors’ interest

In a move to shore up institutional support in what’s likely to be it’s last fundraising as a private company, the Los Angeles-based mobile gaming behemoth Scopely has raised $340 million in its latest eye-popping round of funding. Acting as if there’s not still a global pandemic raging throughout the world, some of the largest institutional financing firms like Wellington Management, TSG Consumer Partners, CPP Investments, and funds managed by BlackRock poured more money into the gaming gian...
Tags: TC, Video Games, La, Los Angeles, Tech, Virtual Reality, Scopely, Louisiana, Driver, Greycroft, Blackrock, Battery Ventures, Epic Games, Walter, Wellington Management, Walter Driver


'We believe strongly in that area.' After six-story building burns in Minneapolis riot, developer vows to rebuild

Wellington Management is committed to rebuilding affordable apartment development destroyed in riots: "We believe strongly in that area."
Tags: Minneapolis, Wellington Management


After apartment project burns in Minneapolis riot, developer vows to rebuild

Wellington Management is committed to rebuilding affordable apartment development destroyed in riots: "We believe strongly in that area."
Tags: Minneapolis, Wellington Management


Unpacking the nCino and GoHealth IPO filings

It’s IPO season in the United States, despite market volatility in recent months and historical blockers like an impending election. Given the public market’s return to form since March lows — paticularly the outperformance of the Nasdaq index and other tech shares — some venture-backed companies are trying to get out while the new offerings are welcome. The Exchange is a daily look at startups and the private markets for Extra Crunch subscribers; use code EXCHANGE to get full access and take 2...
Tags: Travel, Health, TC, New York, America, IPOs, United States, SaaS, Silicon Valley, North Carolina, Illinois, Nasdaq, Crunchbase, Wilmington North Carolina, Vroom, Wellington Management


Verve Therapeutics Adds $63M to Edit Heart Attack Risk Out of Genes

Verve Therapeutics aims to use gene editing to address heart attacks by targeting the liver, not the heart. And it wants to make its edits inside the patient. The startup’s approach raises a lot of questions. Verve has some answers now, and it has raised $63 million to learn more.The new financing announced Thursday was led by GV, the same investor that led the Cambridge, MA-based company’s Series A round of funding last year. With the additional cash, Verve CEO Sekar Kathiresan says Verve coul...
Tags: Deals, Startups, Boston, Trends, Investing, Fda, Allergan, Abbvie, Biotech, Crispr, Life Sciences, Editas Medicine, Clinical Trials, Biomatics Capital, ARCH Venture Partners, Gene Editing


$1.5 billion ZipRecruiter just laid off hundreds only days after the CEO said the economy was headed for a steep increase in hiring after the end of the coronavirus

Online job-hub company ZipRecruiter laid off 443 employees and furloughed dozens on Friday, days after the CEO said the business was safe, said two employees who attended the meeting.  The cuts hit across departments, including engineering and about two-thirds of the enterprise team, which works with big clients.  ZipRecruiter last raised $156 million in an October 2018 Series B funding round led by Wellington Management and IVP that valued the company at $1.5 billion.  Visit BI Prime for more...
Tags: UK, La, Israel, US, Trends, WeWork, Andreessen Horowitz, IVP, Signal, Business Insider, Santa Monica California, SIEGEL, US Canada, Wellington Management, ZipRecruiter, Ian Siegel


$1.5 billion ZipRecruiter just laid off hundreds only days after the CEO told employees the business wasn't impacted by the coronavirus

Online job-hub company ZipRecruiter laid off 443 employees and furloughed dozens on Friday, just a few days after the CEO said in an all-hands meeting that the company was on track to hit its second-quarter revenue goals and wouldn't be affected by the coronavirus.  The cuts hit across departments, including engineering and about two-thirds of the enterprise team, which works with big clients. Executives impacted included the chief marketing officer. ZipRecruiter last raised $156 million in an...
Tags: UK, La, Israel, US, Trends, WeWork, Andreessen Horowitz, IVP, Signal, Santa Monica California, SIEGEL, US Canada, Wellington Management, ZipRecruiter, Ian Siegel, Knotel


Wellington wraps up biomed fund at $393 mln

Wellington Management has closed its inaugural biomedical innovation fund at $393 million. The fund’s investors include public and private pension plans, insurance companies, corporations and family offices. The fund will invest in private biotechnology companies focused on drug discovery and development and seeking capital to advance their scientific programs. PRESS RELEASE BOSTON & HONG KONG & LONDON–(BUSINESS WIRE)–Wellington Management (“Wellington” or the “Firm”), one of the world’s largest...
Tags: Trends, Healthcare, Funds, Wellington, Chris Kirk, Wellington Management, Boston Hong Kong London, BUSINESS WIRE Wellington Management, Wellington Biomedical Innovation Fund, Bob Deresiewicz, Wellington Alternative Investments, About Wellington Management Tracing


Equity transcribed: Away’s $1.4B valuation and CrowdStrike’s S-1

Welcome back to another transcribed edition of Equity, the wildly popular TechCrunch podcast that digs deep into the week’s news about … equity. There were no IPOs this week so there was only one episode, but it was jam-packed with news about direct-to-consumer scooters, luggage funding and fake meat. This is where tech has taken us this week. Oh, and Slack set the date for its direct listing. Kate: So [Away] raised a 100 million, series D. This round was led by Wellington Management, so not by ...
Tags: TC, Tech, Kate, Alex, Forerunner Ventures, Alex Wilhelm, Nps, Wellington Management, Kate Clark, Though Away, Christopher Gates, Townsend Kate


Trendy luggage brand Away packs on $100M, rolls past $1.4B valuation

Away‘s new lofty valuation proves how far you can get with excellent branding. The direct-to-consumer seller of Instagrammable luggage has collected $100 million in new funding at a $1.4 billion valuation in a round led by Wellington Management, with support from Baillie Gifford, Lone Pine Capital and Global Founders Capital, reports The Wall Street Journal . We’ve reached out to Away for comment. The capital will be used to build additional brick-and-mortar stores, as well as add to Awa...
Tags: Startups, Business, Social Media, Brand, Tech, Companies, Eyewear, Venture Capital, Npr, The Wall Street Journal, Warby Parker, WSJ, Stewart Butterfield, Global Founders Capital, Valuation, Baillie Gifford


Top Bristol-Myers shareholder comes out against $74 billion Celgene deal

Bristol-Myers Squibb Co's top shareholder Wellington Management said on Wednesday that it does not support the U.S. drugmaker's $74 billion purchase of biotech Celgene Corp, imperilling what would be the largest pharmaceutical company takeover of all time.
Tags: Money, businessNews, Celgene, Bristol Myers Squibb Co, Celgene Corp, Wellington Management, Top Bristol Myers


Top Bristol-Myers shareholder does not support $74 billion Celgene deal

Bristol-Myers Squibb Co's top shareholder Wellington Management said on Wednesday that it did not support the U.S. drugmaker's $74 billion purchase of biotech Celgene Corp, saying the deal is too risky.
Tags: Money, businessNews, Celgene, Bristol Myers Squibb Co, Bristol Myers, Celgene Corp, Wellington Management


Proficio Capital appoints Hanau as chief strategy officer

Proficio Capital Partners has named Sheldon Hanau as chief strategy officer. Previously, he worked at Wellington Management where he was the director of industry research for the Americas. PRESS RELEASE BOSTON (PRWEB) FEBRUARY 14, 2019 Proficio Capital Partners, a multi-family office serving as a high touch manager of both liquid and illiquid financial assets, today announced the expansion of its team with the addition of Sheldon Hanau who joins in the new role of Chief Strategy Officer. In addi...
Tags: Boston, Trends, CIO, People, Credit Suisse, Fidelity, Wellington, Boston Massachusetts, Sheldon, IDF, Proficio Capital Partners, Harvard Business School, Wellington Management, Diversity Committee, PRWEB, Hanau


Startups Weekly: Even Gwyneth Paltrow had a hard time raising VC

I spent the week in Malibu attending Upfront Ventures’ annual Upfront Summit, which brings together the likes of Hollywood, Silicon Valley and Washington, DC’s elite for a two-day networking session of sorts. Cameron Diaz was there for some reason, and Natalie Portman made an appearance. Stacey Abrams had a powerful Q&A session with Lisa Borders, the president and CEO of Time’s Up. Of course, Gwyneth Paltrow was there to talk up Goop, her venture-funded commerce and content engine. “I had ...
Tags: Startups, Y Combinator, Pinterest, Entertainment, La, Softbank, Funding, Africa, Time, Tech, Washington Dc, Munchery, Joseph Gordon Levitt, Cameron Diaz, Venture Capital, Brazil


Coinbase Backs Flipside Crypto Amid “Healthy” Currency Selloff

(Updated 11/29/18, 11 a.m. with additional funding details) The crash in digital currency values has tossed fuel on the already raging fire of skepticism around many crypto projects, which are suspected as scams masquerading as a technology of tomorrow.But the price retreat—and the accompanying losses to crypto speculators—are welcome news to Dave Balter, CEO of Flipside Crypto, whose Boston-based digital currency benchmarking startup announced Thursday it landed new funding from Coinbase Ventu...
Tags: Deals, Startups, Boston, San Francisco, Trends, Bitcoin, Andreessen Horowitz, True Ventures, Ethereum, Fintech, Speculation, Cryptocurrency, Blockchain, Tiger Global Management, Digital Currency Group, Coindesk


Flipside Crypto Raises $1M Amid “Healthy” Currency Selloff

The crash in digital currency values has tossed fuel on the already raging fire of skepticism around many crypto projects, which are suspected as scams masquerading as a technology of tomorrow.But the price retreat—and the accompanying losses to crypto speculators—are welcome news to Dave Balter, CEO of Flipside Crypto, whose Boston-based digital currency benchmarking startup announced Thursday it landed $1 million in new funding from Coinbase Ventures, Digital Currency Group, and others.“The s...
Tags: Deals, Startups, Boston, San Francisco, Trends, Bitcoin, Andreessen Horowitz, True Ventures, Ethereum, Fintech, Speculation, Cryptocurrency, Blockchain, Tiger Global Management, Digital Currency Group, Coindesk


Auris Health Lands $220M to Expand Sales of Lung Testing Medical Robot

Auris Health has already received regulatory clearance to sell its medical robot in the U.S. Now it has $220 million in funding to help it place the technology in the hands of surgeons.The latest investment, which the company calls “growth financing,” was led by Partner Fund Management. Redwood City, CA-based Auris says it will use the capital to commercialize its medical robot platform, called Monarch.Auris developed its robotic technology for endoscopy, procedures that use slender, flexible i...
Tags: Deals, Startups, San Francisco, Trends, Investing, It, Software, Lung Cancer, Surgery, Biotech, Life Sciences, Wellington Management, National blog main, San Francisco blog main, San Francisco top stories, Lux Capital


Tanium rakes in $200 mln

Tanium, a platform for business resilience, has raised $200 million in funding. The investors were Wellington Management, Baillie Gifford & Company and Adage Capital Management LP. PRESS RELEASE EMERYVILLE, Calif., Oct. 2, 2018 /PRNewswire/ — Tanium, the platform for business resilience, today announced that it has raised an additional $200 million in a sale of common stock, following a year of record growth in 2017. The funding round, which raises the company’s pre-money valuation to $6.5 billi...
Tags: Trends, Edinburgh, Fortune, Wellington, Emeryville Calif, Wellington Management, VC Deals, United States Armed Forces, Tanium, Orion Hindawi, Peter Singlehurst, Wellington Management Baillie Gifford Company, Baillie Gifford As, About Baillie Gifford Company Baillie Gifford


Security startup Tanium raises another $200M at a $6.5B valuation, less than 5 months after it raised $175M

Security continues to remain top of mind for organizations and consumers, as each day seems to bring another high-profile network breach. One of the faster-growing startups in the space is capitalising on that by raising some significant funding to fuel its growth. Tanium today said that it has raised another $200 million in funding with a post-money valuation of $6.5 billion. The funding was led by Wellington Management, with Baillie Gifford & Company and Adage Capital Management LP also partic...
Tags: TC, Tech, Cto, Baillie Gifford, ARR, Wellington Management, Merchant, Tanium, Orion Hindawi, Geodesic Capital Fazal Merchant the COO, Peter Singlehurst


Slack raises late-stage round at $7.1 bln valuation

San Francisco-based Slack, provider of collaboration tools and services, announced it has raised $427 million in Series H funding at a post-money valuation of more than $7.1 billion. Lead investors in the Series H equity round are Dragoneer Investment Group and General Atlantic. They were joined by funds and accounts advised by T. Rowe Price Associates and funds advised by Wellington Management, and Baillie Gifford and Sands Capital, as well as existing investors. The company has now raised near...
Tags: San Francisco, Trends, Dragoneer Investment Group, Baillie Gifford, Sands Capital, Wellington Management, VC Deals, T Rowe Price Associates, General Atlantic They