Exclusive: Visa Pours Millions into Cryptocurrency Startup Anchorage

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. Visa co-led Anchorage’s new funding round, worth $40 million, alongside Blockchain Capital, a cryptocurrency-focused venture capital firm. This is the second known investment Visa has made […]

Exclusive: Wells Fargo-Favored Mortgage Master Blend Raises $130 Million

Blend has raised $130 million in new venture capital funding. The cash injection likely puts the San Francisco-based fintech startup within striking distance of “unicorn” status, meaning a private valuation of $1 billion or more. The terms of the deal, including the latest valuation, were not disclosed. A source close to the deal who was […]

This VC Firm Invested $200 Million in Slack. Now Its Stake Is Worth $4.6 Billion

Stewart Butterfield loved the game, but not enough people agreed with him. He spent two years and raised roughly $11 million to build an online adventure game called Glitch that featured garrulous, blue-headed creatures and milk-drunk butterflies. Once people had a chance to play it and Butterfield could track the numbers, the verdict was clear: […]

Exclusive: Fintech Startup Tally Raises $50 Million to Automate People’s Finances

Tally, a San Francisco-based financial technology startup, has raised $50 million in new venture capital funding. Founded in 2015, Tally aims to automate the financial services of consumers at low cost. The company’s first product, released last year, offered an automatic credit card debt payment service. In March, the firm added an automatic savings account […]

Scott Kupor Demystifies the Venture Capital Funding Process In New Book

Scott Kupor has been at Andreessen Horowitz since the venture capital firm launched in 2009. As managing partner, he has overseen the firm’s rapid growth to 150 employees and more than $7 billion in assets under management. In a new book called, Secrets of Sand Hill Road: Venture Capital and How to Get it, Kupor […]

Mary Meeker Makes First Investment Out of Bond Capital

Mary Meeker has made her first investment out of Bond Capital, the new firm she launched after spinning out of Kleiner Perkins last year. Bond, which has raised $1.25 billion, participated in the $70 million funding round of online design platform Canva. The deal values the Australia-based company at $2.5 billion. Other investors in the […]

How the Kleiner Perkins Empire Fell

Some five years ago Vladimir Tenev and Baiju Bhatt, founders of a potentially disruptive no-fee stock brokerage startup called Robinhood, set out to raise capital for their fledgling Silicon Valley outfit. They sought a relatively small amount, $13 million, that would value their idea at $61 million. The former Stanford classmates, both within spitting distance […]

Norway’s State-Owned Oil and Gas Giant Is Backing a Battery-Research Fund

The rise of cheap renewable energy is starting to upend the bottom lines of fossil-fuel companies the world over. Initially, that was why so many of them instinctively fought the newfangled technologies. Increasingly, it’s why many of them are shifting strategy, hustling to try to profitably harness the wind and the sun. In the latest […]