U.S. venture capital firms raised more money last quarter than in any period since 2001. The total raised for new funds was $7.7 billion, according to Dow Jones LP Source. The capital going into VC funds was up 97 percent from a year ago, when they raised $3.9 billion. (Venture capital funds benefited from an overall influx of money into U.S. private equity funds overall, which attracted a… → Read More
Betterment, a financial savings startup which launched last May at TechCrunch Disrupt, raised $3 million in a series A financing led by Bessemer Venture Partners. The Anthemis Group, Thomas Lehrman, and other angel investors also participated.
Betterment aims to disrupt the financial savings industry by letting customers invest their savings in a carefully-selected blend of stock and bond… → Read More
Israeli startup Soluto has closed a healthy $6.2 million second round of financing led by Bessemer Venture Partners and joined by Giza Venture Capital. This is on top of the $1.6 million round the company raised a year ago from Proxima, bringing the total amount of capital invested in the company close to $8 million.
The company, which is aggressively keeping its operations hidden from the public… → Read More