Tag: new enterprise associates
Patreon triples valuation to $4 billion in new raise
Patreon has tripled its valuation to $4 billion in a $155 million funding round led by Tiger Global, the company confirmed to the Wall Street Journal on Tuesday. The creator economy platform, which allows artists to be directly funded by their fans, received new attention amid the Covid-19 pandemic as…
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BTS label Big Hit Entertainment inks broad partnership with streaming tech company Kiswe
The town of New Providence, N.J. may seem like an unlikely home for a company that’s just inked a new deal with Big Hit Entertainment (the label behind the global K-pop supergroup BTS) and raised tens of millions of dollars from some of the largest venture capital firms in the…
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Smart contact lens startup Mojo Vision raises $51M
Mojo Vision’s technology still felt early-stage when we met with them back at CES. But the demos we did see were enough to convince us that there really could be something to the California startup’s smart content lens technology. Clearly we weren’t alone in that. The company just announced that…
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NEA-backed Personal Genome Diagnostics receives FDA clearance for its cancer diagnostic
Personal Genome Diagnostics, the venture-backed developer of a novel diagnostic kit for genomic profiling of different cancers in lab settings, has received clearance from the U.S. Food and Drug Administration for its PGDx elio tissue complete test. The test’s approval is another step forward for precision therapies that rely on…
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Proposed amendments to the Volcker Rule could be a lifeline for venture firms hit by market downturn
In the wake of the financial crisis, Congress passed regulations limiting the types of investments that banks could make into private equity and venture capital funds. As cash strapped investors pull back on commitments to venture funds given the precipitous drop of public market stocks, loosening restrictions on the how…
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NEA, venture capital’s quiet giant, closes on $3.6 billion
With its new fund, NEA will continue its strategy of investing across stages in technology and healthcare deals, with a focus, the firm says, on early stage deals and some growth investments. “We are deeply grateful to our limited partners for their commitment to NEA and their confidence in our…
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