TruMid snags $27 mln

By Iris Dorbian — 4 weeks ago

New York City-based electronic trading platform TruMid has raised $27 million in funding. Peter Thiel led the round with participation from Soros Fund Management and Shumway Capital.


J.C. Flowers leads $92.2 mln Series C for Kreditech

By Luisa Beltran — 2 months ago

Kreditech said Monday that it raised 82.5 million euros (US$92.2 million) in Series C financing led by J.C. Flowers & Co. LLC. Peter Thiel and Amadeus Capital Partners invested earlier this year in a bridge loan that has now fully converted into Series C equity. Existing shareholders Värde Partners, HPE Growth Capital and Blumberg Capital also participated in the round. Hamburg, Germany-based Kreditech is a consumer finance technology company. The company said it is in advanced discussions for a final close that could boost the Series C to over 100 million euros. Jefferies and Berenberg acted as financial advisors on the transaction.


KKR leads $15 mln round for Artivest

By Luisa Beltran — 7 months ago

Kohlberg Kravis Roberts & Co. has led a $15 million round for Artivest. Existing investors RRE Ventures, Peter Thiel, Nyca Partners, Anthemis Group and FinTech Collective also participated. New York-based Artivest offers a digital platform that connects private equity and hedge funds with suitable investors.


Andreessen Horowitz GP Srinivasan to work full-time at bitcoin startup

By Iris Dorbian — 9 months ago

Balaji Srinivasan, a general partner at Andreessen Horowitz, will be working full-time at bitcoin startup 21 Inc, which he co-founded. Srinivasan made the announcement in a blog post on the venture firm’s site. However, Srinivasan will remain part-time as a board partner at Andreessen Horowitz where he says he will continue to lead new investments, build the firm’s software team and help entrepreneurs. According to Crunchbase, 21 has just raised $116 million in funding. Investors in that round included Andreessen Horowitz, Peter Thiel, Qualcomm Ventures, Data Collective and Khosla Ventures. In December 2013, Marc Andressen announced on the firm’s site that Srinivasan was joining the firm. To read the post about Srinivasan working full-time at 21, visit here.



Educational app platform maker Clever scores $30 mln

By Iris Dorbian — 12 months ago

San Francisco-based Clever, an educational app platform provider, has closed $30 million in funding. The investors were Lightspeed Venture Partners, Sequoia Capital, GSV Capital and Peter Thiel. According to the company, the capital infusion will be used for growth and to meet consumer demand.


Reddit grabs $50 mln

By Iris Dorbian — 1 year ago

Social news website Reddit has raised $50 million in funding, a blog post on its site confirmed. Sam Altman led the round with participation from Alfred Lin of Sequoia Capital and Marc Andreessen of Andreessen Horowitz. Other investors in this round included Peter Thiel, Jared Leto and Snoop Dogg. To read the announcement, visit here.