Weekly Round Up: 6/19/20

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: 

Portfolio News

• Spike, a platform that organizes emails into chat-like bubbles, raised $8 million in Series A financing with participation by Greenspring primary manager NFX. 

• VESoft, which fulfills a need for graph databases in China, raised $8 million in Series pre-A financing led by Greenspring primary manager Redpoint Ventures. 

• Tackle.io, which helps software providers accelerate their revenue through the use of Cloud Marketplaces, raised $7.25 million in Series A financing led by Greenspring primary manager Bessemer Venture Partners. 

• Canva, an online graphic design platform and Greenspring secondary investment, will be partnering with Fedex to bring businesses extensive libraries of templates to design print materials and more. Read more about this partnership here. 

• Congrats to all of the innovative companies named to this year's CNBC Disruptor 50 list, including Greenspring secondary investment and Accel direct investment UiPath and several companies backed by Greenspring primary managers like Stripe, Coupang, Healthy.io, Guild Education and many more! Check out the full list here. 

• Greenspring direct investment Rocket Lab continues to show why #SpaceisOpenForBusiness with two upcoming back-to-back missions for the U.S. National Reconnaissance Office and recently announced plans for its first Moon mission next year. Catch up on all of Rocket Lab's exciting future missions here.  

• Venture Forward was launched to focus on areas critical to the future and strength of our industry -- diversity, equity & inclusion; education, research & data and history. We are proud to see trusted partner Kate Mitchell of Scale Venture Partners, with whom Greenspring founder Ashton Newhall served as co-chair for the NVCA's Diversity Task force back in 2014, supporting the next generation of VC leaders as founding director. Read more here. 

• Outreach, which offers a suite of tools used by salespeople in order to prospect and close deals, raised $50 million in Series A financing with participation from Greenspring primary manager Meritech Capital Partners. 

• Akia, which helps transform the way hotels engage with their guests, received a new round of financing with participation from Greenspring primary manager GSR Ventures. 

Greenspring News

Congratulations to Greenspring direct investment Demandbase, an account based marketing platform that helps businesses coordinate outreach to high-value accounts, on the acquisition of Engagio! Read more about how the companies will work together 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.