Why Real Estate-Focused Venture Firm Fifth Wall Just Raised $503 Million For A New Fund: Term Sheet

Real estate-focused venture capital firm Fifth Wall has closed what it’s calling the largest real estate venture fund raised to date—having secured $503 million in commitments that it plans to invest in real estate technology, or “proptech,” companies. My colleague Rey Mashayekhi has the news this morning. He reports that the new fund is more […]

Term Sheet — Tuesday, July 17

Venture capitalists have an appetite for the world’s oldest social media network: email.  Newsletter publishing platform Substack raised $15.3 million in Series A funding. Andreessen Horowitz led the round, and was joined by investors including Y Combinator. The company was founded by Hamish McKenzie, who has previously worked at PandoDaily and Tesla, alongside Chris Best […]

Term Sheet — Monday, July 15

Good morning from Aspen! Fortune’s Brainstorm Tech conference kicks off today. You can watch the mainstage panels here starting at 2 p.m. Mountain Time (4 p.m. EST), and you’ll hear from: — Doug McMillon, CEO of Walmart: As the world’s largest retailer, what do you do to stay there? Online, digitally enabled brick and mortar […]

Term Sheet — Friday, July 12

Ford and Volkswagen are doubling down on electric vehicle technology.  Volkswagen has agreed to invest approximately $2.6 billion in Ford’s autonomous vehicle partner, Argo AI, in a deal that values the Pittsburgh-based startup at a whopping $7 billion. We first heard about Argo AI in 2017 when Ford poured an outrageous amount of money — $1 […]

Term Sheet — Thursday, July 11

Andreessen Horowitz just appointed its 16th general partner. Anish Acharya will join the venture capital firm as a general partner focused on fintech investing.  Acharya is a serial entrepreneur who sold his first company to Google and his second to Credit Karma. During his four years at Google, he was a product manager before making […]

Term Sheet — Wednesday, July 10

Visa has invested millions of dollars in Anchorage, a startup that secures cryptocurrency holdings for institutional investors. The two companies are founding members of Facebook’s high-profile cryptocurrency project Libra. Anchorage raised $40 million in fresh funding. Visa and Blockchain Capital co-led the round. This is the second known investment Visa has made in a cryptocurrency […]