Tiger Global Management's venture capital arm, which has had a splendid record and amassed over 271 unicorns to date, is bracing for the slowdown. While the New York-based firm's hedge fund business lost 52% of its value this year due to the stock market plunge, the venture capital business continued to grow and now accounts for two-thirds of the firm's assets under management. However, the business has limited its dealmaking, particularly in pre-IPO companies, and is instead concentrating on long-term bets by investing in early-stage startups. More: - Per the WSJ, the firm's venture capital business was worth $64B at the end of 2021, after having invested in 361 deals that year.
- It raised $12.7B in funds in March 2021.
- As of the end of Q1 '22, the firm's assets have declined 9%, currently valued at $58B.
- Since its establishment in 2003, the firm has invested $34B and seen $28B worth of returns to investors on the invested capital, with a $6B investment realized in the past 18 months.
- The fund's gains in 2021 were boosted by the public debut of 29 of its portfolio firms, most prominent of which were Coinbase, Nubank, Grab, and Roblox, each valuing over ~$30B at the time of their respective IPOs.
- Coinbase's valuation has dropped over 80% from its $86B valuation at its IPO.
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New York-based market intelligence platform AlphaSense’s post-money valuation soared past the $1.7B mark at its latest fundraise. Goldman Sachs Asset Management and Viking Global Investors co-led the current $225M Series D funding round. BlackRock provided the debt commitment in the funding; however, the exact size of the debt tranche is currently unknown. More: - AlphaSense has raised $520M in total funding to date, with its last fundraise coming in the form of a $180M Series C in Sept. 2021.
- The firm's current valuation is double the valuation during the Series C fundraise.
- Current lead investors also led the previous Series C funding round.
- The firm, which provides an AI- and NLP-driven search and business intelligence platform, has over 3,500 customers, with the last year witnessing a 110% growth in customer numbers.
- AlphaSense reported $100M in annual recurring revenue; however, the company is yet to turn profitable.
- Incoming funds will help accelerate product development, fuel growth, expand content, and drive strategic acquisitions.
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 A message from NANOVMS NanoVMs is running an equity based crowdfund and is now open to the public for investment. NanoVMs is creating a new server-side operating system with unikernels. Current highlights: - Revenue from 11 countries including a $950M ID/IQ from the USAF
- 4 Patent Issued, 4 More Filed
- Raised $3M to date.
- 3 Grants from the US Air Force, Dept. of Energy, and National Science Foundation
NanoVMs is a category creator. The global cybersecurity market was valued at $132 billion in 2021 while the devops market exceeded $7 billion in 2021. NanoVMs is making devops work super easy while at the same time providing proactive defensive security measures from a hacker mindset. Existing investors include Initialized Capital, Joe Montana's fund L2 Ventures, Bloomberg Beta, Hack.VC, Inner Loop Capital and more. Invest Here
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Boston-based healthcare-focused venture capital firm Third Rock Ventures closed its sixth fund with $1.1B in commitments. The company will continue to invest in groundbreaking companies across healthcare and biotech in Series A-stages, with funds set aside for follow-on investments. More: - To date, the firm has backed 60 companies with a total of $3.8B raised in funds.
- Portfolio companies have been instrumental in bringing 18 products to the market.
- Notable companies include Editas Medicine, a gene-editing startup, and Thrive Earlier Detection Corp., a cancer diagnostic firm.
- Third Rock expects to invest in over 10 companies over the next three-year period.
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Inovia Capital, a Canadian multi-stage venture capital firm, secured $325M (CA$420M) for its fifth early-stage fund. The fund will help the company back eight to 10 seed- and Series A-stage technology startups, with initial check sizes of $1M-$5M for seed stages and $5M-$25M for Series A stages. The new funds bring Inovia’s capital under management to $2.2B, of which the firm has raised $1B across three new funds since early 2021. More: - Inovia aims to support firms from seed to IPO stages with its two growth funds and continuation fund, which closed with $334M in capital commitments in Oct. 2021.
- The continuation fund was raised to provide follow-on funding to nine existing portfolio companies.
- Portfolio companies Rewind, Clearco, and Snapcommerce are a few of its seed or Series A stage companies that have been given add-on funding.
- Recently the company led $10M seed and $7.3M (CA$9.5M) Series A funding into AI-powered health startup Signal 1 and cybersecurity firm Flare, respectively, with the funding secured for its fifth fund.
- Limited partners backing the new funds include Alberta Enterprise Corporation, British Columbia Investment Management Corporation (BCI), Caisse de dépôt et placement du Québec (CDPQ), Fondaction, HarbourVest, Investissement Québec, Scotia Bank, and Trans-Canada Capital (TCC), amongst others.
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 A message from ADOBE CONTENT 5 Ways To Create Amazing Experiences From Data In order to help create meaningful customer experiences, businesses need to measure content performance and customer behaviors. They then use that experience-centric data to deliver even better customer experiences in the future. Mastering this virtuous cycle is critical to your success. Read Feeding the Content-Data Loop to learn about the five ways to maximize your experience-centric data: - Let data be your guide when creating and placing content.
- Mind your KPIs to determine content value.
- Centralize and standardize data for marketers and IT.
- Reuse content, don't recreate it.
- Use content and data to meet the needs of every channel.
Read the article
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Metropolis, a payments infrastructure provider for parking facilities and mobility commerce company, raised $167M in capital from its Series B fundraiser. The funding round was co-led by 3L Capital and Assembly Ventures. Incoming funds will help the startup expand its workforce, facilitate product development, and venture into new verticals. More: - Several returning Series A investors participated in the funding, including Dragoneer Investment Group, Slow Ventures, and Halogen Ventures.
- Other funding participants include Eldridge, Silver Lake Waterman, UP Partners, Benenson Capital, the Gideon Hixon Fund, and King River Capital.
- To date, the company has raised $228M in funding.
- The company user base has increased by 28 times to 1.8 million users, who leverage the platform to access Metropolis’ 600 parking facilities across 60 states.
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Logistics payment platform PayCargo LLC secured $130M in Series C financing. The funding was led by Blackstone Growth. Pay Cargo expects to leverage Blackstone’s logistics and warehousing network to further expand its business. The firm will deploy the funds to scale its business and back strategic mergers and acquisitions. More: - In addition to providing a payments platform for logistics and transportation companies, PayCargo also provides invoicing, payment workflow, advanced payments, reconciliation, and refund processing facilities.
- The Florida-based company has raised $290M in total funding.
- Insight Partners led its last $125M Series B fundraise.
- PayCargo is on track to process $20B in payments this year, over double the $10B processed last year.
- The company’s 40,000 client base includes esteemed logistic companies like Kuehne + Nagel, DHL, DB Schenker, UPS, MSC, Swissport, Air France, and others.
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- Berlin-based venture firm Project A Ventures closed its fourth pre-seed to Series A stages fund at $375M. The company intends to back B2B and B2C startups across fintech, commerce, enterprise software, data infrastructure, supply chains, and climate tech sectors. With the new funds, the firm now has over $1B of assets under management.
- Goldman Sachs Asset Management, Asia Investment Capital, and GGV Capital led a $300M investment into MegaRobo Technologies. The Chinese firm is using AI and robotics to advance automation into life sciences, smart retail, and manufacturing.
- Zoovu, an AI-powered platform that helps digital brands increase their brand awareness, received $169M in financing led by FTV Capital.
- California-based talent hiring and management platform Fountain raised a $100M Series C extension funding, bringing the total for the round to $185M. B Capital Group led the funding along with SoftBank, DCM, Origin Ventures, Commerce Ventures, and others participating.
- SMS marketing platform Postscript secured $65M from its Series C funding led by 01 Advisors with participation from Twilio Ventures, Expanding Capital, Greylock, Accomplice, Elephant, and OpenView.
- Battery Ventures led a $30M Series B funding round into New York-based financial planning and analysis platform Cube. The funding saw backing from Mayfield Fund, Bonfire Ventures, Operator Collective, and GTMfund.
*This is sponsored content.
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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. | |
NanoVMs is a privately held deep tech company from SV. Learn more about investing here. | |
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