Dear Inside Community, Our most popular event series is coming back on May 24 and 25, and we want you to be there! Meet Our Fund 3 brings together an all-star lineup of venture capitalists ready to pitch you on what they invest in and how they add value for founders. Register here, and check out the speakers we have already announced. There will be plenty more to come in the weeks ahead. It’s going to be our biggest Meet Our Fund yet. —The Inside Team | |  Karan | |
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Metlife Investment Management (MIM) closed a $1.6B private equity fund. The Whippany, N.J.-based PE firm has already invested $1.2B through private equity and venture capital investments and will invest the remaining $400M in new opportunities. HarbourVest Partners L.P was the lead investor in the current funds. More: - MIM is the institutional asset management arm of insurance and employee benefit program provider MetLife Inc.
- The current funding portfolio consists of 80 global companies working across diverse sectors.
- The company’s private equity division held $14B in private equity assets at the end of 2021, having deployed over $18B in alternative investments from 2007 to 2021.
- Metlife’s assets under management totaled $669B at the end of 2021.
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 Salsify platform ECommerce management platform for retailers Salsify raised $200M in Series F funding to accelerate product development, deepen retailer network, boost global expansion, and increase its workforce. The funding was led by TPG with backing from Permira‘s Growth Opportunities Fund, Neuberger Berman, and Cap Table Coalition. Salsify was valued at $2B at the recent funding. More: - Salsify helps online retailers to optimize their experience, track performance, and increase brand awareness.
- Since its founding, the company has raised over $450M in funding, including the current round of investment.
- It last received a $155M Series E investment led by Warburg Pincus in Sept. 2020 at an $805M valuation, per Pitchbook.
- Salsify’s annual recurring revenue in 2021 was reportedly over $100M, indicating a 50% rise from the year before.
- Notable clients from its 1,200 global customer base include Mars, L’Oreal, KraftHeinz, and Coca-Cola.
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Accomplice, a Boston-based venture capital firm, has raised $405M for reportedly its last fund. The firm spun off from Atlas Ventures in 2015 to focus on investing in the tech sector. Atlas Ventures, founded in 1980, continues to focus on the life sciences domain. More: - Accomplice raised $200M toward its first fund, followed by $205M for its second fund in 2018.
- Key invested companies include AngelList, Flume Health, and Electives.
- The firm list of successful exits includes Datadog, Snap, and DraftKings.
- In 2018, Accomplice established Spearhead, a blockchain investment initiative, with AngelList co-founder Naval Ravikant.
- The initiative's goal is to help entrepreneurs become angel investors.
- Accomplice is well-known in Boston for its charitable and tech community-building endeavors.
- Chris Yang, a former managing partner at Grove Street, joins the firm in leading investments from the new fund.
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 Wagestream platform Wage management platform for frontline and daily wage workers Wagestream secured $175M in Series C funding. The funding will help the platform scale up operations in North America and develop new insurance, utility, and rental deposit sponsorship products. Smash Capital led the funding round. More: - The financing consists of $60M in equity and $115M in debt capital.
- New investor BlackRock joined existing investors Balderton Capital and Northzone.
- Silicon Valley Bank provided the debt funding.
- It has raised $257M in funding to date, with its last raise being a $25M financing from Northzone secured in July 2020.
- Wagestream’s platform currently includes 1 million workers accessing wages from over 300 employers across the U.S., U.K., Spain, and Australia, most notably Burger King, Pizza Hut, Bupa, and the U.K.’s National Health Service.
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London-based proptech startup Immo raised $75M in Series B funding. The firm buys and renovates properties to offer them as rental units. The company intends to use the proceeds from the funding to expand into the U.K. and U.S. markets and hire technical employees. More: - Oak HC/FT led the funding with backing from Moore Speciality Credit, FinTech Collective, and Talis Capital.
- Immo uses a technology-driven approach while purchasing properties, often analyzing the asset for over 300 parameters.
- Single-family units are modernized while ensuring an average of 52% less carbon footprint before renting out the unit.
- The company claims to manage $2.5B worth of commitments across Germany and Spain.
- Immo has witnessed 1,200% growth over the past six months.
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 BlueOcean platform AI-powered brand intelligence platform BlueOcean received $30M in Series B funding. The financing was led by Insight Partners with participation from FJ Labs. More: - BlueOcean now serves 84 global brands representing $18T in market value, most notably Microsoft, Google, Amazon, Diageo, Cisco, and others.
- Their Brand Navigator delivers insights after analyzing over 6,000+ brands.
- The platform is available at fees starting at $100,000 per year to customers.
- It last received $15M in Series A financing led by Insight Partners in July 2021, per Crunchbase.
- The firm's valuation was not disclosed.
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- Quebec City, Canada-based digital transformation service company OSF Digital raised $100M in Series C investment to expand into new regions, develop new solutions, boost marketing efforts, and back acquisitions. Sunstone Partners led the funding with backing from Delta-v Capital and Salesforce Ventures.
- Student job board and networking platform Handshake acquired hybrid networking platform Talentspace to expand its global presence. The deal is estimated to be worth between $10M and $50M per TechCrunch. Handshake last raised $200M in Series F at a $3.5B valuation in January.
- Paris-based immuno-oncology therapy developing biotech firm CDR-Life raised $76M in Series A funding co-led by Jeito Capital and RA Capital with participation from Omega Fund Management.
- Austin, Texas-based game video recording and analysis platform Trace received $47M in Series C financing led by Pelion Ventures Partners with backing from Lakestar, Toba Capital, and NextGen VP.
- Cloud-based healthcare sector training provider MedTrainer secured $43M in Series B funding from Vista Equity Partners. Existing investor Telescope Partners participated in the funding.
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Upcoming Events: - April 13 - Achieve 1M+ Record/Second Kafka Ingest without Sacrificing Query Latency. (Register Here) *
- April 14 - Shopping In The Metaverse (Register Here)
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- April 26 - Need To Know NoCoder - Gautam Nimmagadda (Quixy) (Register Here)
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- May 18 - Need To Know NoCoder: Jatin Arora (Utilize) (Register Here)
- May 19 - Understanding Fractionalization (Register Here)
- May 24 - Meet Our Fund 3 (Register Here)
- May 31 - Ethereum Merge with Anthony Donofrio (Ethereum) (Register Here)
- June 01 - Selling Consumer Goods in Web3 (Register Here)
- June 09 - Empowering Content Creators with No Code (Register Here)
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 |  | Karan Chafekar is a Management Consultant, Business enthusiast, and Licensed Pilot. | | | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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