sequoia capital
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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
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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
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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
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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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Why DoorDash has to strike a balance between profitability and growth
DoorDash CEO Tony Xu says the company is cash-flow positive in some of its early markets — but the company still has to invest in its growth. That’s the reason the company raised $127 million in a new venture financing round. But it wasn’t without hiccups: DoorDash reportedly wasn’t able to get the $1 billion valuation it was looking for, and had to settle for a… Read More
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Drawbridge raises $25M as it takes its cross-device tech beyond advertising
Drawbridge, a startup that helps businesses identify when a single person is using multiple devices, has raised $25 million in Series C funding. Every time I write about Drawbridge, I’m contractually obligated to mention that the company is backed by two of the best-known venture capital firms, Sequoia Capital and Kleiner Perkins Caufield & Byers. For this round, Drawbridge went back… Read More
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Meet your Disrupt NY Startup Battlefield final round judges: John Borthwick, Charles Hudson, Alfred Lin, Susan Lyne, Matthew Panzarino and Alan Patricof
Choosing this year’s Disrupt NY Startup Battlefield winners will be a tough job. There is an exceptionally strong and unique group of young companies competing in Startup Battlefield next week with 20 companies showcasing their innovative solutions to solving important and critical issues. Thankfully, we have an experienced team of entrepreneurs and investors to help judge the… Read More
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DoorDash’s Tony Xu and Sequoia’s Alfred Lin will join us at Disrupt NY
DoorDash, for better or worse, has become an example of the 2016 VC funding environment. After reportedly failing to raise at a $1 billion valuation, the company had to settle for a flat round. So what happened, and how will it affect the company going forward — and other companies in the on-demand space, too? So we’re excited to announce that DoorDash CEO Tony Xu, along with… Read More
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Longtime Facebook VP Mike Vernal joins Sequoia Capital
Mike Vernal, a Facebook VP who has spent the last eight-plus years at the company, most recently leading its search, profile, local and developer platform product groups, is leaving the company to become a venture capitalist at Sequoia Capital. Before joining Facebook, Vernal spent nearly six years at Microsoft, first as a product manager and later as a development lead. The Harvard grad… Read More
Latest Crunch Report
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Apply now for Include Office Hours with Sequoia Capital
TechCrunch Include Office Hours are happening on April 15th! Bryan Schreier and Bill Coughran from Sequoia Capital will join TechCrunch to provide valuable advice and feedback to startups. Launched in 2014, Include is TechCrunch’s diversity program, aimed at facilitating opportunities for underrepresented groups in tech to take their startups to the next level. The Office Hours program… Read More
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How Goguen’s Case Hurts Sequoia
A week ago yesterday, we told you that longtime Sequoia partner Michael Goguen had been slapped with a stomach-turning complaint. At its crux, it accused him of breaching an agreement he’d made to pay $40 million to a woman he’d known for years. Apparently, after paying her $10 million, Goguen concluded that he was within his rights to stop writing her checks. The woman then hired… Read More
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Michael Goguen’s counter-complaint calls accuser an “exotic dancer” who was “looking for a payday”
Michael Goguen, the longtime venture capitalist who was asked to leave Sequoia Capital following a stunning breach of contract complaint, has just filed a counter complaint in San Mateo County Court that proposes the accusations against him are a myth. In reaction to claims that Goguen sexually and emotionally abused a woman named Amber Laurel Baptiste for more than a decade, and then failed… Read More
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Alooma scores $11.2 million Series A to solve data science pain points
Alooma, an Israeli startup that helps companies process and work with big data in real time delivered as a cloud service, announced an $11.2 million Series A round today led by Lightspeed Venture Partners and Sequoia Capital. The product focuses on the people working with data like data scientists and end users with advanced degrees in mathematics and machine learning, rather than… Read More
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Longtime VC Michael Goguen was just hit with an explosive lawsuit
Michael Goguen, a longtime partner at Sequoia Capital who joined the tony Sand Hill Road firm roughly 20 years ago, has been named in an extraordinary breach of contract lawsuit that accuses him of sexually mistreating a woman he met in 2001, then refusing to honor a financial arrangement they made in more recent years to keep her from suing him. Read More
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Indian Juice Company Raw Pressery Soaks Up $4.5M In New Funding Led By Sequoia
Raw Pressery currently delivers cold-pressed juices to homes in six Indian cities, but it aspires to grow into one of the country’s leading health food makers. The company just raised a $4.5 million Series B from returning investor Sequoia Capital, Saama Capital, and DSG Consumer Partners, bringing its total venture funding so far to $6.3 million. Read More
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Indian Startup CREO Raises $3M To Build Its Own Android-based OS And Smartphones
CREO is a new startup in India with big ambitions. It not only wants to create a new Android-based operating system, but also produce its own smartphones. The Bengaluru-based company announced today that it has raised $3 million from Sequoia India, Beenext Ventures, and India Quotient. Read More
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JD.com’s Financial Services Arm Lands $1B Led By Sequoia China At $7.1B Valuation
Alibaba isn’t the only e-commerce service in China with a financial services arm capable of raising large amounts of external funding. While Alibaba’s Ant Financial raised an undisclosed round last summer at a colossal $45-$50 billion valuation, its rival e-commerce giant JD.com’s money-focused unit is also in the money after it took in RMB 6.65 billion from a clutch of… Read More
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Data-Driven Health Insurance Provider Clover Health Raises Another $35M
When Sequoia Capitals Michael Dixon met Clover Health CEO Vivek Garipalli, he said he knew he wanted to invest. The catch: it took 18 months to convince him. But that finally happened, with the company today announcing a $35 million financing round led by Sequoia Capital. Clover Health works by tracking inputs from a person’s medical history and determining who the highest-risk… Read More
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Sequoia Invests $13 Million In A Seed Round For Lemonade, Which Is Looking To Transform Insurance
In one of the largest seed investments in the firm’s history, Sequoia Capital is committing to a $13 million round for Lemonade, a company that’s looking to bring the idea of peer-to-peer personal insurance to the U.S. There is perhaps no industry more universally reviled than the insurance industry and Lemonade’s co-founders, Shai Wininger (a co-founder of the jobs… Read More
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Everwise, A Mentoring Matchmaker, Raises $8 Million
Everwise, a New York-based company whose online service connects “protégés” with mentors –from new entrepreneurs, to budding sports coaches, to people looking to rise through the ranks of Fortune 500 companies — is taking the wraps off the bigger business that it’s been quietly building over the the past year. Now, the three-year-old, 40-person outfit has… Read More
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