Weekly Round Up: 7/24/20

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

• Great read on how Greenspring direct investment and leading RV rental provider Outdoorsy is offering consumers an alternative to air travel during the COVID-19 pandemic here.

• Have you been to a “Hair Color Party?” Greenspring secondary investment, Madison Reed, has expanded their offering of salon-based services to virtual events where customers can learn how to color their hair at home from expert stylists. Read more here.

• Congratulations to Greenspring secondary investment Roblox, an online gaming software, for launching its new feature “Party Place.” This serves as a private virtual venue for parents and kids to host virtual birthday parties, remote learning activities with classmates, virtual playdates or anything else. Read more about this new feature here.

• This week in #VCforGood: Established in 2016, Orca Bio is a clinical-stage biotechnology company developing a pipeline of high-precision, lifechanging allogeneic cell therapy products. The Company’s products are designed to safely and effectively replace a patient’s diseased blood and immune system with a healthy one. Orca Bio recently raised $192 million in financing with participation from Greenspring primary manager Lightspeed Venture Partners to offer their off-the-shelf cell therapies more broadly.

• Bbot, dedicated to simplifying and improving the ordering and payment process for restaurants, raised $3 million in seed financing led by Greenspring primary manager Craft Ventures.

• Epsagon, a serverless application monitoring startup, raised $10 million in recent financing round with participation from Greenspring primary manager Lightspeed Venture Partners.

• Congratulations to Daniel Dines of Greenspring secondary investment UiPath, an AI and robotic process automation software company, for being on the Comparably’s list of the 25 best CEOs of 2020, as ranked by female employees. Check out the full list here.

• CyCognito, which helps identify and eliminate security risks in enterprise IT systems, raised $30 million in Series B financing led by Greenspring primary manager Accel with participation from Greenspring primary manager Lightspeed Venture Partners.

Greenspring News

We are excited to share that we are now on Instagram! You can find us here. Stay tuned, exciting projects are in the works!

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 this week in welcoming Royal Doolittle, Isabel Whelchel and Jack Taylor! Royal is continuing his spring internship as a part of the Business Intelligence Team this summer and is looking forward to learning more about how venture capital firms use data to help their decision making process. Isabel attends the University of North Carolina at Chapel Hill where she will be a senior this fall. Isabel participates in a student organization to resell and repurpose end of year school items in which the funds are reinvested into start-up companies. Jack is a rising senior at Washington and Lee University and is a member of the Men’s Varsity Lacrosse team.  As a part of the Investment Team, Jack is looking forward to learning more about how VC firms operate and understanding how a team organizes data to finalize decision making. #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.