Tag: Sequoia
Wing, founded by veterans of Accel and Sequoia, rounds up $450 million for its third fund
Wing, an early-stage, Palo Alto, Ca.-based venture firm that was formed in 2013 by veteran VCs Peter Wagner and Gaurav Garg, has closed its third fund with $450 million in capital commitments. That’s substantially larger than the $300 million that the firm raised for its second fund — and it…
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Venture firms rush to find ways to support Black founders and investors
As protests against police brutality and economic manifestations of systemic racism in the U.S. continue, venture capital firms are joining the chorus of technology industry advocates lending their support to the cause. For the past three days, technology company executives and the investors who backed them have issued statements of…
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Robinhood raises $280M, pushing its valuation to $8.3B
As expected, Robinhood has closed a new round of capital. The late-stage, consumer investing app announced today that it has closed a $280 million Series F funding at an $8.3 billion valuation. This closely tracks prior coverage that the firm was hunting for a nine-figure round at a valuation of…
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Longtime LP Chris Douvos shares how COVID-19 could shake up venture industry
‘I think the venture industry as a whole is going to get, you know, kind of resized over the coming years’ Connie Loizos @Cookie / 7 hours Chris Douvos runs a fund of funds called Ahoy Capital that manages assets on behalf of numerous nonprofit institutions, endowments and foundations throughout…
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Sequoia-backed Houzz scraps plan to create home goods in-house
Houzz, the home decorating startup backed by Sequoia Capital, has scrapped a plan that would have seen the company design and sell its own houseware. The plan, a pilot program called Private Label, was still in progress within the company, but given current market conditions, Houzz has set aside its…
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Unpacking Sequoia’s $21M conflict of interest
Yesterday, TechCrunch broke the news that Sequoia, one of the best-known venture capital firms in the market today, had “parted ways with [Finix] over a purported conflict of interest and, almost more shockingly, handed back its board seat, its information rights, its shares and its full investment.” Sequoia led the…
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