sequoia capital

  • Chinese photo-sharing app Kuaishou planning U.S. IPO later this year

    Chinese photo-sharing app Kuaishou planning U.S. IPO later this year

    We’re hearing from sources that Kuaishou — a hot photo-sharing application in China — is planning to go public in the U.S. later this year. Sources tell us the app has more than 40 million daily active users against 100 million monthly active users, and was most recently valued at around $3 billion. The app is in some ways similar to Instagram, with photos (some of which… Read More

  • Sequoia Capital has quietly announced a leadership change-up, with partner Jim Goetz taking a step back

    Sequoia Capital has quietly announced a leadership change-up, with partner Jim Goetz taking a step back

    Prominent venture firm Sequoia Capital has famously handled well its transitions from one powerful team of investors to the next. Founder Don Valentine handed the reins over to Doug Leone and Michael Moritz earlier than he might have planned, then continued attending partner meetings for another 10 years. (The partners say they were happy for his continued advice and guidance — not that… Read More

  • Strange new lawsuit against longtime investor Michael Goguen gets dropped

    Strange new lawsuit against longtime investor Michael Goguen gets dropped

    Early last month, we told you about a bizarre new lawsuit involving longtime venture capitalist Michael Goguen, whose career at Sequoia Capital ended early last year after he was sued in a salacious breach of contract suit that accused him of sexually mistreating a woman named Amber Baptiste, then refusing to honor an elaborate financial arrangement they’d made. Baptiste and Goguen… Read More

  • Zipline raises $25 million to deliver medical supplies by drone

    Zipline raises $25 million to deliver medical supplies by drone

    Zipline International Inc. has raised $25 million in a Series B funding round to expand its humanitarian delivery drone business in Rwanda, the U.S. and beyond. The startup builds drones and runs delivery services, dropping crucial medical supplies to clinics or hospitals in areas that aren’t accessible by land. Recently, TechCrunch visited Zipline’s headquarters in Half Moon… Read More

  • Jess Lee of Polyvore joins Sequoia Capital as its 11th investing partner

    Jess Lee of Polyvore joins Sequoia Capital as its 11th investing partner

    Sequoia Capital has brought aboard Jess Lee as its eleventh investing partner in the U.S., becoming the firm’s first senior female U.S. investor in its 44-year-old history. Lee was a former Google product manager turned CEO of the fashion site Polyvore, which was acquired for $230 million in cash by Yahoo last year. She had stayed on with Yahoo, which is now being sold, maybe, to… Read More

  • Carbon raises $81 million for international expansion of its rapid 3D-printing tech

    Carbon raises $81 million for international expansion of its rapid 3D-printing tech

    Large manufacturers of high-tech products, from luxury vehicles to elastomers and resins, have lined up to invest in and partner with Carbon (formerly known as Carbon 3D) the Redwood City, Calif. company known for its rapid, 3D-printing technologies. The three-year-old startup added $81 million in venture funding to its Series C round from strategic investors, including BMW Group, GE, Nikon… Read More

  • Orbital Insight lands $20 million from investors, led by GV

    Orbital Insight lands $20 million from investors, led by GV

    Orbital Insight, a three-year-old, Palo Alto, Ca.-based geospatial big data company, has just raised $15 million in Series B funding led by previous investor GV, with participation from CME Ventures and earlier backers Sequoia Capital, Lux Capital, and Bloomberg Beta. Together, with an investment and development agreement from In-Q- Tel (the CIA’s venture arm), the company… Read More

  • Qualtrics makes a small acquisition — its first

    Qualtrics makes a small acquisition — its first

    Qualtrics, a Provo, Utah, company whose online survey research platforms help 8,500 enterprise customers better understand both their employees and their customers, has made its first acquisition, picking up four-year-old, San Francisco-based Statwing. Terms of the deal aren’t being disclosed, but Statwing’s three-person team is relocating to Qualtrics’s Seattle office and… Read More

  • A lending case involving top VCs moves toward a trial

    A lending case involving top VCs moves toward a trial

    Elevate, a venture-backed company that uses big data to assess loan applications from people with low credit scores, has been called out as a predatory lender, including in Fortune last year. One reason among others is that the APR on some of its loans is a stunning 349 percent. Yet the company’s predecessor, Think Finance, which was founded in 2001 and quietly spun out Elevate into… Read More

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