Eamon Murphy
The $360 million investment in software-development platform OutSystems by KKR and Goldman Sachs is split roughly two-thirds to one-third, respectively, according to a source familiar with the matter. The round represents the largest check yet from KKR’s Next Generation Technology Growth Fund, said Stephen Shanley, a director in the firm’s London office. Led by Dave Welsh, the $714 million fund invests in technology, […]
Arrowroot Capital is starting to think about its next fund, with the majority of its third growth-equity pool now invested. “As we deploy Fund III, our eyes are turning towards Fund IV, as we’re seeing the number of opportunities accelerating in vertical SaaS,” Founder and Managing Partner Matthew Safaii told VCJ affiliate Buyouts. Fund III closed in November with more […]
For its first fund, technology investment firm B Capital Group set out to raise $250 million in 12 months. Once that was achieved, the partners “decided to top up the fund, which we did in the past six months,” Co-Founder Raj Ganguly said. Expecting to add $50 million to $70 million, the firm wound up pooling considerably more, for […]
New Enterprise Associates, which is currently raising its 16th fund targeted at $3 billion, invested nearly $137 million in 11 companies in March, according to preliminary data from Thomson Reuters, ranking it as the most active venture firm of the month. (See table below.) Among its deals was Boston-based DataRobot, which offers a machine learning platform for […]
All the indices were up in March, with venture-backed M&A and IPOs soaring the most. Acquisitions were led by Cisco‘s purchase of the unicorn Appdynamics, the sale of which was announced in January and closed in March. On the IPO front, Snap‘s debut accounted for about 92 percent of the month’s value with its early […]
Fundraising (value down 28%) Fundraising for U.S.-based venture firms dropped in February, racking up nearly $1.48 billion compared to January’s $2.0 billion. Formation Group led the way, collecting $357 million for its maiden fund. Greycroft Partners came in second, pooling $250 million for its second growth equity fund. Deals (value fell 37%) Deal value fell […]
Food and consumer products rating company HowGood has closed a $4.2 million Series A financing round, the company announced. Investors include FirstMark Capital, Contour Venture, Serious Change LP, Great Oaks Venture, High Line Venture Partners, individuals Jake Lodwick and Joanne R. Wilson. The foundation Humanity United, part of The Omidyar Group, also came on board as a […]
February is winding down and the pace of fundraising has been slow for U.S.-based funds. With just a couple of days left, it may end up being the slowest month since late 2015, according to preliminary data from Thomson Reuters. But the highlights from February include two venture funds from Los Angeles have closed new pools […]
The year started off on a sluggish note for deal making, as the value dropped by almost a quarter from December to January, down to $3.3 billion from $4.3 billion, according to VCJ‘s analysis of the Thomson Reuters data. The deal count fell to 217 in January compared with 339 in December. The top deal […]
“I came up through auditing and working on IPOs,” Jeff Grabow said of his 30-year career at EY, the professional-services firm, “and so I got a ground view” of how businesses are built. “And it was a great experience because you’re tossed in dealing with CEOs and CFOs of really fast-growing, nimble organizations that are […]