• Menlo Ventures has raised a $250 million “opportunity fund,” its first

    Menlo Ventures has raised a $250 million “opportunity fund,” its first

    Menlo Ventures, the 40-year-old, Sand Hill Road venture firm, has raised a new, $250 million “special opportunities fund,” says a spokeswoman. (The SEC filing is here.) The idea: to address a comparative dearth of capital for startups that are looking for Series B and C funding, now that non-traditional players like Fidelity and BlackRock are investing less actively in privately… Read More

  • Domo takes on Slack with $131 million at $2 billion+ valuation

    Domo takes on Slack with $131 million at $2 billion+ valuation

    Utah-based Domo has been a force in the enterprise space for a few years with its data management platforms, but the team is poised for growth with an additional $131 million in Series D funding from existing and new investors, including BlackRock, Credit Suisse and others. These $131 million are an addition to Domo’s previously announced $200 million Series D round. The… Read More

  • BlackRock Acquires Sequoia-Backed FutureAdvisor

    BlackRock Acquires Sequoia-Backed FutureAdvisor

    BlackRock, the world’s largest asset manager, is acquiring FutureAdvisor, a five-year-old, San Francisco-based online financial advisory firm that aims to help people manage their investment accounts. According to the Financial Times, FutureAdvisor was picked up for between $150 million and $200 million. The company had raised $21.5 million from investors, shows CrunchBase. Read More

  • Zuora $115M Investment Round Validates Subscription Approach

    Zuora $115M Investment Round Validates Subscription Approach

    Zuora, the company that helps customers manage their subscription models, today announced a massive $115M funding round involving not just Silicon Valley venture capitalists, but also public market investors. Those public market names include Wellington Management Company LLP and Blackrock Inc, as well as Premji and Passport Capital. Existing investors Benchmark Capital, Greylock Partners… Read More

  • LS9 Raises $30 Million More To Replace Petroleum- With Plant-Based Fuel And Chemicals

    A new SEC filing revealed that LS9 — a biotechnology startup turning plant-based materials into fuel and chemicals for use within traditional petroleum-based systems — has raised a series D investment of $30 million. The round was led by BlackRock and joined by all of LS9’s previous investors: Flagship Ventures, Khosla Ventures, Lightspeed Venture Partners and CTTV… Read More