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:
The VC market has evolved substantially over the past decade. Until recently largely viewed as a more nascent private markets asset class, VC is starting to reach maturation, with secondaries transactions being a strong driving force. Find our full thoughts on the growing venture secondary market here.
In fantastic news for the VC ecosystem, the Department of Homeland Security is withdrawing a 2018 proposed rule that would have ended a program allowing international entrepreneurs into the country to start businesses and create jobs. Read our insights on the impact of immigration policy on the innovation economy here.
Join Greenspring manager Underscore VC and the Boston tech ecosystem for Boston Reconnect on May 19-20! Learn more about the event here.
We’re thrilled to announce our investment in CircleCI and welcome the Company to the Greenspring family. A huge congrats to the team on your Series F funding and acquisition of Vamp.io! More here.
Canada-based automated customer experience company Ada has raised $130 million in Series C financing with participation from Greenspring manager Accel. You can read more about the deal here.
French insurtech startup Shift Technology, which has created a solution enabling its insurance clients to detect fraudulent claims, has raised $220 million in Series D funding with participation from Greenspring managers Accel and Bessemer Venture Partners. Learn more about how this company has become the latest insurtech unicorn here.
Dyno Therapeutics, a biotech company that applies AI to gene therapy, has raised $100 million in Series A financing with participation from Greenspring manager Obvious Ventures. Read more about the Company’s plans here.
Exciting news from Greenspring portfolio company and provider of real-world evidence analytics for biopharma, Aetion, on their $110 million Series C funding. We’re honored to be your partners and look forward to watching you execute on the next chapter of your mission. You can read more about this here.
Join us in congratulating Greenspring portfolio company Socio on their exciting acquisition by Cisco! Read more about how the platforms will work together to deliver best in class events here.
Nominations are officially open for the 2021 Cloud 100 List, powered by Greenspring manager Bessemer Venture Partners alongside Salesforce and Forbes. Visit The Cloud 100 website to nominate a private cloud company!
Ethos Life, a San Francisco-based life-insurance startup, raised $200 million in funding with participation from Greenspring manager Accel. More here.
Hidden Leaf Games, a Los Angeles-based multiplayer online gaming studio, raised $3.2 million in recent financing led by Greenspring manager Lightspeed Venture Partners. More here.
Check out Greenspring General Partner Hunter Somerville on the She-VC podcast discussing the future of diverse and emerging fund managers within venture capital here.
Vinted, a second-hand goods startup, raised $303 million in recent financing with participation from Greenspring managers Accel and Lightspeed Venture Partners. More on the deal here.