March 28, 2024

Web and Technology News

Matrix Partners expands new India fund to $525 million

Matrix Partners India has extended the target size for its current fund to $525 million, from $450 million it disclosed earlier, joining a burgeoning roster of venture capital funds intending to deploy in excess of half a billion dollars for new investment initiatives in the South Asian market. The Indian firm, whose portfolio includes Razorpay […]

Matrix Partners expands new India fund to $525 million by Manish Singh originally published on TechCrunch

Web3 protocol Polytrade raises $3.8M to improve global trade

Polytrade, a web3 protocol focused on global trade, has raised $3.8 million in a seed round led by Alpha Wave, Matrix Partners, Polygon Ventures and CoinSwitch Ventures, the startup exclusively told TechCrunch. Other investors include Singularity Ventures and GTM Ventures. The firm has previously been backed by Polygon co-founder Sandeep Nailwal and QuickSwap co-founder Sameep […]

Web3 protocol Polytrade raises $3.8M to improve global trade by Jacquelyn Melinek originally published on TechCrunch

Accord, which offers a platform to manage sales processes, secures $10M

Accord, a collaboration platform designed to support business-to-business (B2B) sales, today announced that it raised $10 million in Series A funding from Matrix Partners, Nat Friedman and Y Combinator. CEO Ross Rich says that the new funds, which bring Accord’s total raised to $17 million, will be put toward growing the startup’s engineering, sales and […]

Accord, which offers a platform to manage sales processes, secures $10M by Kyle Wiggers originally published on TechCrunch

Meeting camera startup Owl Labs lands $25M and partnership with HP

Owl Labs, a startup developing a linuep AI-powered meeting hardware, today announced that it raised $25 million in a Series C round led by HP Tech Ventures (HP’s venture capital arm) with participation from Sourcenext, Matrix Partners, Spark Capital and Playground Global. The closing of the tranche marks the start of a strategic partnership with […]

Meeting camera startup Owl Labs lands $25M and partnership with HP by Kyle Wiggers originally published on TechCrunch

Ex-Meta crypto chief David Marcus launches Bitcoin payments startup backed by a16z and Paradigm

After his departure from Facebook in November, many crypto industry insiders speculated where long-time executive David Marcus would land. Today, the former Messenger boss and Paypal executive offered some early details on his next company Lightspark, which will be building on Bitcoin’s Lightning network. Marcus will serve as CEO with a number of ex-Meta crypto […]

Concerto snags $21.2M to bring co-branded credit cards to more brands

Co-branded rewards programs like Amex’s longrunning Delta partnership are a major factor in consumers’ credit card decisions. According to a GigaPoints/Ipsos poll, over half of Americans say that earning points makes them want to use their credit card more often. In a separate survey (conducted by Finder), close to a third of respondents said that […]

Itilite secures $29M to automate corporate expensing workflows

For the bulk of the past two years, the pandemic has put the kibosh on corporate travel of nearly any kind. This has dampened investors’ enthusiasm in travel and expense (T&E) startups, predictably, whose expertise lies in creating software for travel and other forms of expensing. But as the appetite for in-person events and interactions […]

Hookdeck snares $2.4M seed to help developers manage webhooks

Hookdeck founders Alexandre Bouchard and Eric Tran were working on a product to help manage webhooks in 2020 when they became discouraged and decided to step away to gain some perspective. The founders went rock climbing for a few months, and while they were away, people discovered their solution and began using it. The hiatus […]

Hookdeck snares $2.4M seed to help developers manage webhooks

Hookdeck founders Alexandre Bouchard and Eric Tran were working on a product to help manage webhooks in 2020 when they became discouraged and decided to step away to gain some perspective. The founders went rock climbing for a few months, and while they were away, people discovered their solution and began using it. The hiatus […]