Business and Economy

Crunchbase daily – A16Z debuts new crypto fund

A16Z debuts new crypto fund

Andreessen Horowitz launched a new $300 million crypto fund that will invest in cryptocurrency companies and protocols. The venture firm also announced that it has brought on a new general partner, former prosecutor Katie Haun, to co-manage the fund.

Celonis joins unicorn club

Celonis, a provider of business process analytics, raised a $50 million Series B round led by Accel and 83North. The financing brings the German company’s valuation up to $1 billion.

Jama Software raises $200M

Product development platform provider Jama Software has raised $200 million in a growth equity investment led by Insight Venture Partners. The Portland, Or.-based company previously raised $33 million in venture funding.

IPO scene heats up

A slew of tech companies are racing to get to public markets while the IPO window remains wide open. The list includes China-based tech giants Xiaomi and Meituan, along with U.S. software firms Domo and Elastic, plus a few automotive-related companies.

RECENT ACQUISITIONS

Education Realty Trust

Acquired by GREYSTAR for $4.6B

RECENT INVESTMENTS

Noodle Analytics, Inc. (Noodle.ai)$35M / Series B
Noodle.ai is an enterprise artificial intelligence startup that provides custom AI solutions. Based in San Francisco, the company’s customers include XoJet, one of the world’s largest private aviation platforms, and American steel producer Big River Steel.
Categories:

Artificial Intelligence · Data and Analytics · Information Technology · Science and Engineering · Software · Transportation · Big Data · Consulting · Machine Learning · Supply Chain Management

Founders:

Martha McGaw, Raj Joshi, Matt Denesuk, Stephen Pratt, Ted Gaubert

Investors:

TPG Growth (Lead), Dell Technologies Capital (Lead)

DroneDeploy$25M / Series C
DroneDeploy is a cloud-based drone mapping and analytics platform. The San Francisco-based startup plans to use the funding to expand its data platform into new industries around the world.
Categories:

Consumer Electronics · Consumer Goods · Hardware · Internet Services · Navigation and Mapping · Science and Engineering · Software · Drones · Internet of Things · Mapping Services · Robotics · SaaS

Founders:

Jono Millin, Nicholas Pilkington, Michael Winn

Investors:

Scale Venture Partners, AngelPad, Emergence Capital Partners, + 3 more

Common Ground$20M / Series A
Common Ground is Malaysia’s leading coworking space that aims at building a sustainable and integrated community. The funding will be used to fuel its regional expansion, triple its number of locations in Malaysia, and upgrade its facilities.
Categories:

Real Estate · Travel and Tourism · Collaboration · Coworking · Hospitality · Property Development

Founders:

Juhn Teo, Erman Akinci

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