Venture Capital

It’s been 50 years since Venrock established itself to expose investors to venture capital opportunities. Today, the global venture capital industry tracks just south of $200 billion and continues to grow as new entrepreneurs, engineers, financiers, and thought leaders create the economy of tomorrow. The DailyAlts VC channel tracks the trends, opportunities, key thought leaders, and next-generation industries that will generate billions in returns.

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Venture Capital CEO Andrew Chung Faces New Legal Challenges

Andrew Chung, CEO of venture capital firm 1955 Capital, faces a new legal fight. The firm’s sole investor has sued Chung and the company over investment terms.

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DevOps giant GitLab raises $268 million in a Series E round
September 17, 2019

DevOps giant GitLab raises $268 million in a Series E round. The software-cum-ops company said it was valued at $2.75 billion in the funding round GitLab’s $268 million funding was…

Ori Living gets $20 million funding led by Alphabet’s Sidewalk Labs
September 13, 2019

Ori’s robotic furniture and interiors can be moved around to optimize a small living space In the picture above, a bed that concealed in the ceiling is lowering itself down…

Softbank Having Second Thoughts About the WeWork IPO
September 12, 2019

SoftBank, a significant investor in WeWork, wants the shared workspace company to postpone its IPO What a comedown. WeWork was last valued at $47 billion earlier this year when SoftBank…

Alternative Investment Fund Launches and Updates – September 3, 2019
September 2, 2019

Investment fund launches for September 3, 2019. First up, venture capital firm Golden Gate Ventures has filed to launch a $200 million fund in partnership with South Korea’s Hanwha Asset…

Indian B2B online marketplace Udaan raises $373.5 million in Series D
September 2, 2019

Altimeter Capital, GGV Capital, and Hillhouse Capital, besides existing investors DST Global and Lightspeed Venture Partners, participated in the funding. The funding round places Udaan’s valuation at $2.3 billion. Udaan…

Baton Systems Raises $12 Million in Series A Round
August 30, 2019

Trinity Ventures leads round with participation from Alsop Louie and Commerce Ventures Baton Systems has raised more than $12 million. The provider of high-speed, blockchain-inspired, bank-to-bank payments infrastructure, aims to…

ThoughtSpot, an AI-powered, Data Analytics Startup, Raises $248 Million
August 29, 2019

The latest funding round takes Thoughtspot’s valuation to $1.95 billion and total funding to $554 million Thoughtspot, which was founded in 2012 by Indian-origin tech entrepreneurs, is a US-based data…

Peter Thiel’s Founders Fund Exits Stake in Facebook.
August 27, 2019

The Founders Fund, which backed Facebook from its earliest days, has exited its stake in the social media company. The decision was part of a broader plan from the venture…

Industrious – a WeWork rival – Raises $80 in Latest Round
August 22, 2019

The coworking rival just raised money… but the bigger threat to WeWork is profitability in 2020 Industrious, a U.S. coworking firm, announced it has raised another $80 million in a…

Pre-Owned Clothing Startup ThredUp Raises $ 175 million
August 21, 2019

ThredUp, which calls itself the “world’s largest fashion resale marketplace,” has now raised a total of $ 306.1 million The latest funding round was led by Park West Asset Management…