Insight Venture Partners and Tiger Global back the firm. SentinelOne, a Mountain View, Calif.-based cybersecurity startup, plans to raise up to $1 billion in an initial public offering in an offering of 32 million shares priced between $31 and $32 per share. Brookfield Asset Management agreed to acquire Modulaire Group, a London-based maker of modular work spaces, for about $5 billion from investors including TDR Capital. Warburg Pincus invested in Exeter Finance, an Irving, Tx.-based auto finance company, from funds managed by Blackstone. LLR Partners invested in WizeHive, a Conshohocken, Penn.-based software provider. High Street Capital invested in BCD International, a Buffalo Grove, Ill.-based provider of video surveillance data storage. Gamut Capital Management and British Columbia Investment Management agreed to invest in PS Logistics, a Birmingham, Al.-based transportation and logistics company. Arcaplanet will acquire Maxi Zoo Italia, an Italian pet goods retailer. Cinven agreed to acquire a majority stake in Arcaplanet, an Italian pet care retail chain. Theresa Sexton, managing partner of Claritas Health Ventures, led the round and was joined by investors including Bramalea Partners, Monashee Investment Management,Eldridge, GV, Perceptive Advisors, RRE Ventures, and Rock Springs Capital. Kindbody, a New York City-based fertility company, raised $62 million in Series C funding. software platform for health systems and payers, raised $75 million from Brighton Capital Park. Anthos Capital led the round and was joined by investors including Makers Fund, and GFR Fund. VRChat, a San Francisco-based social virtual reality platform, raised $80 million in Series D funding. Durable Capital Partners led the round and was joined by investors including Flare Capital Partners, Foresite Capital, and Greycroft. HealthVerity, a Philadelphia-based healthcare tech company, raised $100 million in Series D funding. Investors included PLDT, KKR, and Tencent. Voyager Innovations, a Philippines-based tech company, raised $167 million for its fintech arm, PayMaya Philippines. Last April, Benchmark sought to invest in software startup WorkOS, but ultimately did not because fellow investor Groom offered to buy 15% of the company while Benchmark wanted 20%, the report stated. Here’s a fascinating story from the Information’s Berber Jin on how the highly-respected venture capital firm with bets in the likes of Uber and Snap, is now feeling the pressure to change as newer investors like hedge funds and solo capitalists (like Lachy Groom) are increasing competition in the space. And while other firms have added even more dealmakers in recent years to match the competition in the industry, Benchmark has driven a tight ship and currently has just five partners. Even while other firms raised their largest funds ever, storied venture capital firm Benchmark raised $425 million for its 10th venture fund last April-the same amount it raised in 20. In response, some existing firms have increased their fund sizes and deployed ever larger checks with friendlier terms to portfolio companies. The pandemic has not only reshaped tech companies-it’s also reshaping the status quo among venture capital investors.Ī flurry of new investors have marched onto the venture capital scene amid low interest rates, including the likes of Tiger Global.
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