Tiger Global closed the $ 6.65 billion fund, Facebook gives users more tools to encourage COVID vaccination and iPhone app spending continues to grow. This is your daily crunch for April 1, 2021.
Big Story: Tiger Global is one of the largest venture funds ever
Investment giant Tiger Global had already announced that it was investing $ 3.75 billion for its thirteenth venture fund, but a new SEC filing showed that it raised much more than $ 6.65 billion.
This is perhaps no surprise, given how active the firm is. This week, it has been announced as the lead or co-lead in the $ 300 million round for HighRadius, the $ 192 million round for Cityblock Health and the $ 125 million round for 6sense. Also, the portfolio company Stripe is now valued at $ 95 billion and Robox has just gone public.
Facebook has launched profile frames that help encourage friends to get you the COVID-19 vaccine – the effort follows a similar launch in the UK, resulting in apparently a quarter of Facebook user profiles in the UK Have seen Facebook friends with frames.
US iPhone users spent an average of $ 138 on apps in 2020, rising to $ 180 in 2021 – a 38% increase over the year, according to new data from Sensor Tower.
Britain’s antitrust watchdogs keep a close eye on Facebook-Gypsy – Facebook’s $ 400 million purchase of Gippy now faces intense scrutiny by the CMA as the regulator found that the acquisition raises competition concerns related to digital advertising.
Startup, Funding and Venture Capital
Thracio raises $ 100M for its Amazon roll-up play, appointing a retail CFO for its next steps – the company has acquired and consolidated sales of more than 100 brands (and 15,000 products) on Amazon.
Next Insurance raises $ 250M, doubling its valuation to $ 4B in under one year – Next sells small-business coverage in multiple categories (workers’ comp, commercial auto, general liability, etc.) to different classes of workers is.
Holler raises $ 36M to play ‘conversational media’ in your favorite apps – you may not know what conversational media is, but there’s a good chance you’ve used Holler’s technology.
Additional crisis advice and analysis
Kalatura made his debut. Is the technical IPO window closing? – It appears that Kalatura was surprised that it is not moving towards a higher IPO price.
Knowing when your startup should move on to business growth – there is a continuous decline around which allows any startup’s growing pains or scaling problems to be solved with business development.
Bringing the C-Suite into CISOs to bake cyber security in company culture – the information age is shaking up the structure of the C-Suite.
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For VC Hans Tung, the private goes public in a growing campaign to ‘stop Asian hatred’ – two weeks before Tung and his colleagues at the GGV Capital decided to take action.
ILM showcases the new stagecraft LED wall used for season 2 of ‘The Mandalorian’ – Stagecraft, expanding the vast LED-volume volume used for the first season’s shooting and being better, faster and easier to use Has since been expanded.
Put your city on the TC map with ClearTips’s European Cities Survey 2021 – ClearTips is based on a major new project to survey European founders and investors in cities outside of major European capitals.
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