Weekly Round Up: 6/26/20

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

• Clockwise, a smart calendar assistant and time management tool for remote teams, raised $18 million in Series B financing with participation from Greenspring primary manager Accel. 

• Congratulations to Talia Goldberg, Partner at Greenspring primary manager Bessemer Venture Partners, on being named to GrowthCap's 2020 Top Women in Growth Equity and Private Equity list. You can find the full list of trailblazing female investors here. 

• Dovly, a credit improvement firm with a consumer focus, raised $2 million in seed financing led by Greenspring primary manager NFX. 

• Oren Zeev, founder of Greenspring primary manager Zeev Ventures, shares 5 key strategies that drive his investment decisions in venture. Read more about his best practices here. 

• Woman-led graphic design platform and Greenspring secondary investment Canva, recently raised $60 million, making it the most valuable private technology business in Australia. Founded in 2007, the company is an incredible case study in how innovative startups are born even in challenging market environments -- and how venture capital should play an essential and outsized role in our route to recovery. Read more here. 

• NextbillionAI, which offers intelligent enterprise AI solutions that are customized for each business, raised $7 million in Series A financing co-led by Greenspring primary manager Lightspeed Venture Partners. 

• Beamery, a London-based talent engagement platform backed by Greenspring primary manager LocalGlobe, launched #NewHome to help people who are affected by layoffs and COVID-19 uncertainty find their next role by connecting jobseekers with companies who are still hiring. Read more about how Beamery is leveraging the power of its community here. #VCforGood

• Join us in congratulating Greenspring primary manager Material Impact on the successful close of their second fund, enabling the firm to continue to build world-changing companies around products enabled by materials innovations. Read more here.

• Rasa, an open-source based platform for developers to build services employing conversational AI, raised $26 million in Series B financing with participation from Greenspring primary manager Accel. 

• Braintrust, a freelance marketplace for sourcing specialized talent, raised $6 million in seed financing with participation from Greenspring primary manager True Ventures. 

Greenspring News

"Venture at its heart has been and always will be a job creator and an important force for the economy despite representing a tiny, tiny piece of the overall pie in terms of dollars deployed." Greenspring General Partner Hunter Somerville recently sat down with the Notation's Origins Podcast to discuss his path to venture capital and Greenspring Associates, how our industry is part of the solution for societal and economic challenges and more. Listen here. 

We are thrilled to welcome over 30 interns to Greenspring this summer and will be highlighting our new team members over the course of their time with us. Join us in welcoming George Ward and Sibyl Yang to the Investment Team. George is a rising junior at the University of Delaware where he is a member of the Men's Varsity Lacrosse team and part of the Blue Hen Investment Club. Sibyl is a rising Senior at the University of Virginia where she is a member of the McIntire Investment Club. #InternAtGreenspring 

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.