[ad_1] Foundry Group, an 18-year-old enterprise agency with almost $3.5 billion in belongings beneath administration, has quietly determined to close down and never elevate any extra funds. The transfer was surprising contemplating that the agency introduced a $500 million fund final yr. Boulder, Colorado-based Foundry first introduced that its present fund can be its final on January 19. The enterprise agency had been investing since 2007, in line with Crunchbase, and had introduced the $500 million fund, Foundry 2022 — its eighth — in Could of 2023. Through the years, Foundry has invested in additional than 200 corporations and almost…
Author: Mary Ann Azevedo
[ad_1] Exponent Founders Capital, an early-stage enterprise agency based by alumni of startups reminiscent of Plaid, Robinhood and Ramp, has closed on $75 million in capital commitments, TechCrunch is the primary to report. The agency, which is rising from stealth at this time, raised $50 million for its first fund in November of 2021. Managing Companions Charley Ma and Mahdi Raza co-founded Exponent after assembly whereas Ma was main fintech progress at Plaid, and Raza was main progress and funds at Robinhood. On the time, Robinhood was one in every of Plaid’s largest prospects, so the pair typically discovered themselves…
[ad_1] Welcome to The Interchange! Should you obtained this in your inbox, thanks for signing up and your vote of confidence. Should you’re studying this as a put up on our website, enroll right here so you’ll be able to obtain it straight sooner or later. Each week, I’ll check out the most well liked fintech information of the earlier week. This can embrace the whole lot from funding rounds to developments to an evaluation of a selected house to scorching takes on a selected firm or phenomenon. There’s lots of fintech information on the market and it’s my job to remain on…
[ad_1] Proptech firm Roofstock has laid off about 27% of its workers at present, in response to an electronic mail despatched to staff considered by TechCrunch. The cuts come simply 5 months after the startup laid off 20% of its workforce. The corporate’s web site states that it has 400+ staff, or “Roofsters” as they’re dubbed, however it’s not recognized if that determine is present. Roofstock, an on-line market for investing in leased single-family rental houses, one 12 months in the past raised $240 million at a $1.9 billion valuation. SoftBank Imaginative and prescient Fund 2 led that financing, which…
[ad_1] Welcome to The Interchange! For those who obtained this in your inbox, thanks for signing up and your vote of confidence. For those who’re studying this as a submit on our website, enroll right here so you possibly can obtain it instantly sooner or later. Each week, I’ll check out the most popular fintech information of the earlier week. This may embrace every part from funding rounds to tendencies to an evaluation of a specific area to sizzling takes on a specific firm or phenomenon. There’s numerous fintech information on the market and it’s my job to remain on prime of it…
[ad_1] Welcome to The Interchange! In case you obtained this in your inbox, thanks for signing up and your vote of confidence. In case you’re studying this as a publish on our website, join right here so you may obtain it instantly sooner or later. Each week, I’ll check out the most popular fintech information of the earlier week. This may embody every part from funding rounds to tendencies to an evaluation of a selected house to scorching takes on a selected firm or phenomenon. There’s a number of fintech information on the market and it’s my job to remain on high of…
[ad_1] Welcome to The Interchange! For those who acquired this in your inbox, thanks for signing up and your vote of confidence. For those who’re studying this as a publish on our website, enroll right here so you may obtain it straight sooner or later. Each week, I’ll check out the most well liked fintech information of the earlier week. This can embrace every part from funding rounds to traits to an evaluation of a specific house to scorching takes on a specific firm or phenomenon. There’s plenty of fintech information on the market and it’s my job to remain on prime of…
[ad_1] On November 22, different financing startup Pipe introduced that its three co-founders have been stepping down from their government roles and {that a} seek for a brand new, “veteran” CEO had commenced. In an unique interview, co-founder and former co-CEO Harry Hurst advised TechCrunch that the trio have been “0-1 builders, not at-scale operators.” He stated the corporate’s income was rising year-over-year and that the corporate had 5 years of runway. Discovering the suitable successor might take some time, nevertheless. For starters, Pipe — which has raised greater than $300 million from buyers because it was based in 2019…
[ad_1] Welcome to The Interchange! In case you acquired this in your inbox, thanks for signing up and your vote of confidence. In case you’re studying this as a publish on our web site, enroll right here so you’ll be able to obtain it straight sooner or later. Each week, I’ll check out the most popular fintech information of the earlier week. It will embody the whole lot from funding rounds to developments to an evaluation of a specific house to scorching takes on a specific firm or phenomenon. There’s lots of fintech information on the market and it’s my job to…
[ad_1] Welcome to my weekly fintech-focused column. I’ll be publishing this each Sunday, so in between posts, make sure you take heed to the Fairness podcast and listen to Alex Wilhelm, Natasha Mascarenhas and me riff on all issues startups! And if you wish to have this hit your inbox straight as soon as it formally turns right into a e-newsletter on Might 1, join right here. If it appears like we’ve been over-indexing on expense/spend administration information, it’s as a result of there has simply been so darn a lot of it. Final week, I coated Brex’s large push into software program, which signifies…