TCV acquires software maker EtQ

EtQ has been acquired by Technology Crossover Ventures, with funding coming from the $2.5 billion TCV IX, the two firms said. Terms of the transaction were not disclosed.

Fund Performance VC

Fund performance: Battery, Union Square, TCV lead late-decade portfolio at Washington State

Funds from Battery Ventures, Union Square Ventures and Technology Crossover Ventures lead a late-decade portfolio of venture funds from Washington State Investment Board’s Pathway and Invesco holdings. The portfolio is made up of 2008 to 2010 vintage funds and favors mid-sized and larger capital pools with a multi-stage approach to investing. Nearly half of the […]

Fund VC Firm Profile

K9 says $42 mln third pre-seed fund will continue selective investment strategy

K9 Ventures has raised a $42 million third pre-seed venture fund with a vow to continue its strategy of investing “frighteningly early” in emerging technology companies. The new fund was oversubscribed and held a single close on Aug. 8. It is similar in size to the firm’s $40-million 2012-vintage second fund, despite the pressure of […]

Cyber Security Currency Deal VC

Dragos raises $10 mln as first outside-financed DataTribe company

Dragos has raised $10 million in Series A funding in a deal co-led by Energy Impact Partners and Allegis Capital. The financing is the first for a company to come out of the DataTribe cyber-security startup studio, which also backed the Series A deal. DataTribe previously provided a $1.2 million seed round to the company. […]

Valuations Rise Steps Money Currency VC

More evidence of rising valuations in venture

Venture investors turned noticeably more upbeat this year with valuations rising across most, if not all, stages, according to two new studies. The surveys, from Fenwick & West and PitchBook, confirm what Cooley reported earlier this month. Companies, particularly in technology, are being valued more richly. The Fenwick report found up rounds exceeded down rounds […]

Slump Dip Performance Down VC

Venture capital fund performance dips in 2016, distributions fall

Venture capital funds turned in their worst performance last year in eight years and distributions tumbled by a third to $18.7 billion, according to Cambridge Associates. One-year performance for the industry was a meager 0.3 percent in 2016 as returns in the year’s final quarter sank to -0.1 percent, Cambridge said. The year was the […]