Technology investor TCV (formerly known as Technology Crossover Ventures) announced that it has raised $3 billion for a new fund, its largest to date. The firm invests in both public and private companies but expects the vast majority of the new fund will go to growth stage startups.
So far, 2019 has been good to the Austin startup scene. Altogether, ten companies in the Texas capitol have raised $240 million so far this month. That total is not too far behind what was raised in the entire fourth quarter.
WP Engine, a platform for digital publishers using the WordPress content management system, announced that it has surpassed $130 million in annual recurring revenue. Crunchbase News takes a closer look at its growth trajectory.
Cash-gobbling ride-hailing app Grab has raised another $200 million, this time from Thailand-based retail conglomerate Central Group. The investment caps a long period of large-scale fundraising for the Singapore-based startup.
How many rounds has it historically taken tech companies to exit? We looked at data from 124 IPOs. After some thorough analysis, it looks like the number of funding rounds it takes for a company to exit varies depending on the industry.