Former Instacart CFO Sagar Sanghvi joins Accel as its newest partner Tech and Gaming Blog Technology by Mary Ann Azevedo - September 17, 20210 Instacart‘s chief financial officer Sagar Sanghvi has departed from the on-demand grocery delivery company after nearly six years and is returning to his investing roots. Specifically, Sanghvi has joined Accel as a partner focused on global growth-stage consumer and enterprise investments. Prior to becoming CFO of Instacart, Sanghvi served as the
Concreit closes on $6M to allow more people to invest in the global private real estate market Tech and Gaming Blog Technology by Mary Ann Azevedo - September 16, 20210 Concreit, a company that wants to open real estate investing to a broader group of people, announced today that it has closed $6 million in a seed funding round led by Matrix Partners. Hyphen Capital also participated in the round, in addition to individual investors such as Betterment founder and CEO
Logistics startup Stord raises $90M in Kleiner Perkins-led round, becomes a unicorn and acquires a company Tech and Gaming Blog Technology by Mary Ann Azevedo - September 15, 20210 When Kleiner Perkins led Stord’s $12.4 million Series A in 2019, its founders were in their early 20s and so passionate about their startup that they each dropped out of their respective schools to focus on growing the business. Fast-forward two years and Stord — an Atlanta-based company that has developed a
Startup insurance provider Vouch raises $90M, now valued at $550M Tech and Gaming Blog Technology by Mary Ann Azevedo - September 11, 20210 Vouch, a provider of business insurance to startups and high-growth companies, announced today it has raised $90 million in new funding. The $90 million figure was raised across two rounds: a $60 million Series C co-led by SVB Capital (a subsidiary of Silicon Valley Bank) and Ribbit Capital that values the
Quicken, one of the ‘first fintechs,’ is being sold again Tech and Gaming Blog Technology by Mary Ann Azevedo - September 9, 20210 Five and a half years after being acquired by a private equity firm, personal finance software company Quicken is announcing that it is being acquired by another private equity firm. In April 2016, an affiliate of H.I.G. Capital acquired Quicken from Intuit Inc. for an undisclosed amount. Today, Menlo Park, California-based
With investors like Lightspeed and The Chainsmokers, Mexican neobroker Flink raises $57M to boost financial inclusion in LatAm Tech and Gaming Blog Technology by Mary Ann Azevedo - August 25, 20210 Flink, a Mexico City-based neobroker, has raised $57 million in a Series B round of funding led by Lightspeed Venture Partners. The financing comes just over six months after Flink raised $12 million in a Series A round led by Accel. Existing backers Accel, ALLVP, Clocktower and new investor Mantis
Givz raises $3M in seed funding to make donations a marketing tool for businesses Tech and Gaming Blog Technology by Mary Ann Azevedo - August 23, 20210 Givz, which has developed an API-powered platform that gives brands a way to convert discounts into donations, has raised $3 million in seed funding. Eniac and Accomplice co-led the financing for the New York-based startup. Additional investors include Supernode Ventures, Claude Wasserstein of Fine Day, Phoenix Club and Dylan Whitman. Givz was
São Paulo’s QuintoAndar real estate platform raises $120M, now valued at $5.1B Tech and Gaming Blog Technology by Mary Ann Azevedo - August 21, 20210 Less than three months after announcing a $300 million Series E, Brazilian proptech QuintoAndar has raised an additional $120 million. New investors Greenoaks Capital and China’s Tencent co-led the round, which included participation from some existing backers as well. São Paulo-based QuintoAndar is now valued at $5.1 billion, up from $4
Brazil’s Kovi closes $104M Series B to make car ownership ‘more inclusive’ in LatAm Tech and Gaming Blog Technology by Mary Ann Azevedo - August 18, 20210 We sometimes take for granted that most anyone who wishes to become say, an Uber driver, can do so. But that assumption is a narrow view considering there are many people who would love to earn income in that way but can’t because of lack of car ownership (and all
Argentine fintech Ualá lands $350M at a $2.45B valuation in SoftBank, Tencent-led round Tech and Gaming Blog Technology by Mary Ann Azevedo - August 14, 20210 The dollars keep flowing into Latin America. Today, Argentine personal finance management app Ualá announced it has raised $350 million in a Series D round at a post-money valuation of $2.45 billion. SoftBank Latin America Fund and affiliates of China-based Tencent co-led the round, which included participation from a slew of existing