Weekly Round Up: 2/19/21

At Greenspring we believe in venture capital's ability to propel innovation, job creation and positive societal change. We celebrate those who think differently, take measured risk and challenge perceptions. Here's what's trending in VC this week:

Zomentum, which offers a sales support platform that enables IT partners to bring their sales process together to help increase revenue and close more sales in less time, has raised $13 million in recent financing with participation from Greenspring manager Accel. You can read more via TechCrunch here.

Matillion, the developer of cloud-based data integration technologies designed to help customers extract, load and transform data into and on cloud-based data warehouses, has raised $100 million in recent financing with participation from Greenspring managers Lightspeed Venture Partners and Scale Venture Partners. Read more via VentureBeat here.

Neobanking platform Zolve, which works with banks in the U.S. and India to provide consumers with access to financial products without the need to pay a premium or security deposit, has raised $15 million in recent financing with participation from Greenspring managers Lightspeed Venture Partners and Accel. Read more here.

Fictiv, the developer of a virtual manufacturing platform designed to transform how hardware teams design, develop and deliver physical products, has raised $35 million in recent financing with participation from Greenspring manger Accel. Read more via TechCrunch here.

Check out Greenspring manager Volition Capital breaking down their recent investment in Super73, a Los Angeles-based American lifestyle brand that has developed a line of e-bikes! Read more from Volition Managing Partner Larry Cheng here.

Blockchain.com, a digital assets platform that offers tools for real-time transaction data, crypto information and analysis, enabling individuals, investors and developers to analyze the digital economy, has raised $120 million in recent financing with participation from Greenspring manager Lightspeed Venture Partners. More here.

Locus Robotics, a developer of autonomous robots for use in fulfillment centers and warehouses, has raised $150 million in recent Series E financing with participation from Greenspring manager Scale Venture Partners. You can read more about the Company’s latest financing round here.

Join us in congratulating GA manager Boldstart Ventures on successfully closing its fifth flagship fund and second opportunity fund! We are proud to be your partner. Co-founder Ed Sim sat down with TechCrunch to talk about the incredible growth the firm has seen since its $1M proof-of-concept fund launched in 2010 here.

“Don’t trust that others will take the time to understand the gravity of your news. Figure out how to signal its importance and timeliness, and let that effort take you in new and exciting directions.” Great insights on what goes into building communications strategies from the bottom-up from Ashley Mayer, Senior Director of Communications at Greenspring secondary investment Glossier, via GA manager NFX. Read more here.

Greenspring manager Primary Venture Partners has just announced the Primary NYC Founders Fellowship, a 6-month, part-time immersion in business creation for aspiring entrepreneurs to supercharge the next wave of NYC business creation. Learn more about the awesome program and how to apply here.

Sentry, an application performance monitoring startup that can proactively identify, triage and prioritize errors in over 32 programming languages and frameworks, has raised $60 million in Series D financing co-led by Greenspring manager Accel. Read more about the Company and its recent round via VentureBeat here.

Congratulations to Greenspring portfolio company and mobile personal finance platform MoneyLion on its exciting agreement to merge with Fusion Acquisition, a special purpose acquisition company (SPAC). Fusion will be renamed MoneyLion and will trade on the New York Stock Exchange once the merger is completed, which is expected to happen later this year. You can read more about the deal here.

Does the idea of SPACs have you scratching your head? Fear not, we cover why SPAC IPOs are on the rise and more here.

The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.