A U.K.-based, open-source startup is launching its first commercial product with the backing of one of Silicon Valley’s most renowned venture capital firms. Pydantic on Monday launched an observability platform called Logfire, five months after trialing it in open beta, and announced $ 12.5 million in Series A funding led by Sequoia. However, the company […]
Peak XV has reaped $1.2B in the year since it split from Sequoia
Peak XV Partners, the largest India-focused venture fund, has realized about $ 1.2 billion in exits since its separation with Sequoia last year, two sources familiar with the matter told TechCrunch. The investor has sold stakes in nearly a dozen portfolio companies that went public in the past year, including food delivery group Zomato, cosmetics […]
Sequoia bets big on Stripe, LatAm fintechs clean up and one African startup’s outsized Series A
Welcome to TechCrunch Fintech! This week, we’re looking at Sequoia Capital’s effort to give its LPs liquidity on the firm’s investments in Stripe, how LatAm fintechs are still catching investors’ attention, a sizable Series A from an African startup, and more. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to […]
Major Stripe investor Sequoia confirms $70B valuation, offers its investors a payday
Payments giant Stripe has delayed going public for so long that its major investor Sequoia Capital is getting creative to offer returns to its limited partners. The venture firm emailed LPs in funds raised between 2009 and 2011with an offer to buy up to $ 861 million worth of shares in Stripe, Axios reported. Sequoia […]
Marc Andreessen, Sequoia again back Kearny Jackson, this time in $65M Fund III
After securing $ 14 million for its second fund in 2023, early-stage VC firm Kearny Jackson is back with a third fund, this time bringing in $ 65 million in capital commitments, including from a number of first-time institutional funds. The bi-coastal Kearny Jackson invests in B2B SaaS and infrastructure as well as fintech infrastructure, […]