TCT Exclusive: Jane Lippencott, Investor @ Winklevoss Capital

Each week on The Cap Table (TCT) we highlight investors, operators, founders, and industry leaders in the private markets to share their tribal knowledge of how to get onto “the cap table.” Know someone we should feature? Let us know here!

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We are thrilled to announce this week’s exclusive with Jane Lippencott, Associate at Winklevoss Capital! After discovering Bitcoin in 2014, Jane quickly latched onto the future of money and decentralized technologies and dove head first into the cryptocurrency industry after interning at China Silver hedge fund, Merrill Lynch private wealth management, SOSV’s Chinaccelerator, and Nest VC. At Winklevoss Capital, she now focuses on decentralized technologies and how they can reshape the internet, financial services, and money. With deep experience as an investor, speaker, advisor and operator, we sat down to discuss all things cap table related, including:

  • The Hong Kong tech & crypto scene 🌎

  • What it’s like working at Winklevoss Capital 🎯

  • The hidden advantages of running a family office 🤫

  • Why this crypto bull run is different than 2017 📈 

  • Cap table advice ⼏

  • The state of Crypto in 2030 🔮

TCT: Thanks for sitting down with us, Jane. Let’s jump in.

How did you start out with regards to your career?

I grew up between the United States and Asia, spending most of my time in Hong Kong. The adults I was exposed to as an expat had a really wide variety of careers — artists and directors, professional athletes and dancers, armed forces and government workers, and executives at non-profits, schools, and banks. They inspired me to pursue a career I was passionate about, and to seek out interesting niches of culture and technology.

When I was in college in Hong Kong, I held a few random jobs — as a barista, teaching cooking classes, tutoring — and was an intern at some fintech startups, an event organizer, a hotel conglomerate, etc. My main goal was to get reps in the HK tech scene and to build my base of functional experience. I can’t stress enough how important it is to prioritize experience over pay as a young person. Hong Kong has a huge, active ecosystem of startups with tons of government support via InvestHK so it was a great place for me to find my footing. Eventually I landed an internship at a hedge fund where I cut my teeth in trading and investing. Over the next few years I mostly interned at venture firms like SOSV and Nest.VC before dropping out of school to do crypto full time.

You were an early crypto adopter, having been involved in Bitcoin since 2014. What caught your attention back then, and how has your perception of crypto changed since?

I first caught wind of Bitcoin while I was in high school. When the Umbrella Revolution happened in Hong Kong, people were looking into privacy-oriented, censorship-resistant chat apps and payment rails. At the time, I thought Bitcoin was interesting both as stateless, decentralized money and as a platform for immutable apps. Bitcoin is definitely the gateway drug for the rest of crypto. I was passionate about crypto but I was really young and didn’t have a clear picture of how to work in the space or meet other investors IRL. 

Eventually, I integrated crypto into my internships by doing a lot of public speaking, leading internal education sessions and experiments (such as creating an ERC20 for an entrepreneurs club in Hong Kong, Metta), and supporting my firms’ crypto-focused portfolio companies, like BitMEX and others. In 2016 I joined a team of people looking to fork ZCash, iterating on the idea of decentralized, private, and digital cash. We launched ZenCash at Consensus in 2017.

I don’t think I’ve fully recovered from the craziness of the ICO boom that ensued, and I don’t think we’ll ever see that level of hype again. I believe instead that Bitcoin will be solidified as an uncorrelated asset, and crypto will slowly creep into the techstack of founders building quality consumer products, unbeknownst to most users, by way of programmable platforms like Ethereum and use cases like decentralized finance and creator economies. 

You currently serve as an Associate at Winklevoss Capital, family office of Tyler and Cameron Winklevoss, where you invest in blockchain companies and funds alongside Sterling Witzke. Tell us about your experience so far. What has been the most challenging aspect of the job? What has been the most rewarding moment to date?

I met Sterling on the train to the 2019 Crypto Finance Conference in St Moritz, where we were both speaking. Sterling is a really remarkable person and investor, and I knew pretty much immediately that I wanted to work with her in some capacity. I joined Winklevoss Capital a few months later to focus on our crypto portfolio. I’m responsible for sourcing and diligence for new crypto investments, as well as supporting our existing portfolio companies and funds. I fell in love with crypto before I fell in love with venture and investing, yet today I can’t imagine being involved in one without the other.

Working directly with Tyler and Cameron has been really phenomenal. They’re truly prolific operators who excel at building successful, paradigm-shifting businesses on the cutting edge of tech. 

In terms of challenges, we’re really lucky to work closely with many great crypto funds, but accordingly sometimes it is difficult to stay on top of deal flow; I usually look at more than a thousand crypto deals per year, so it can be an uphill battle figuring out which to do diligence on, which to share with our fund partners, etc. 

How does working in a family office compare to that of a traditional venture capital firm? What are the pros and cons?

Family offices are certainly idiosyncratic. Venture firms with typical GP/LP structures approach investors with a structured offering, including an investment thesis and portfolio management strategy, and are responsible for more or less sticking to that strategy over the term of the fund. As the sole investors in a family office, the founders have more flexibility to iterate and improve things like the firm’s thesis, investment process, diligence rigor, and investment cadence on an ongoing basis. As a result, there really isn’t a standard approach to investing in the family office world. No two family offices are alike, and often a single family office will look slightly different from one year to the next. This flexibility can be a great thing or a massive inconvenience for the investment team, depending on how much say they have in the firm’s approach. 

By design, Winklevoss Capital feels a lot like a traditional venture firm. We’re really excited about backing exceptional founders at an early stage, so Tyler and Cameron have taken a really structured, consistent, venture-focused approach from day one. I appreciate this disciplined lens since I am tasked with investing in a risky asset class at a risky stage. 

Since you also invest in funds, what do you look for in fund managers?

I think that in venture the only two things that matter at the end of the day are the results you generate for your LPs and the relationships you develop with your founders. Whenever I’m evaluating a new fund investment, this is where I start. Everything else — thought leadership, press, social media engagement, whatever — is great for deal flow and for free resource propagation to new founders, but it’s not really core to your role. The best investors typically get glowing reviews from founders with concrete examples of many times the investor pulled through for them.

We’re seeing crypto make a comeback, with Bitcoin rising to over $18,700 per coin (at the time of writing), an impressive 160% YTD performance. What’s different about this bull run compared to 2017?

I think most importantly, institutions are starting to come around. With the overhang of COVID uncertainty and governments around the world letting their money printers run, institutional investors like Paul Tudor Jones are looking to Bitcoin as a hedge. Major banks like Citibank are releasing positive research on Bitcoin, even though they don’t yet offer it to their clients. Grayscale’s Bitcoin trust, which allows investors to buy Bitcoin exposure via their IRA and brokerage accounts, has over $10bn in AUM, demonstrating a clear market opportunity for a Bitcoin ETF, which would push the market up further.

Tools for investors, traders, and miners, are now a lot more sophisticated, including credit products that allow market makers to improve their capital efficiency, and derivatives that allow miners to hedge their bitcoin exposure. These instruments, and their resulting liquidity, are reassuring to institutional allocators who have long been uncomfortable with undeveloped capital markets infrastructure.

Retail investors, though, certainly aren’t back in force. In 2017, retail sentiment led the ICO craze. Search frequency for keywords like “Bitcoin” and “cryptocurrencies” today is at 1/10 of the 2017 boom. Industry insiders joke that we’re not receiving the “How do I buy Bitcoin?” texts from our friends that typically mark the beginning of a bull market. It remains to be seen if Bitcoin’s price climbing higher, PayPal enabling buys/sells and transfers of Bitcoin, the integration of Libra into Facebook products, and general increased interest in trading by millennials and GenZ’s catalyze a shift in retail sentiment. 

In 2017, we didn’t have the institutional interest, adoption, and narrative in our favor like we do today. I think this bull market will look fundamentally new.

 If you’re interested in chatting more about Bitcoin or crypto use cases, my DMs are open

You’re a mentor at various organizations like Near Protocol’s Open Web Collective, Celo’s CeloCamp, and the Filecoin Frontier Accelerator. How has mentoring played a role in your success to date, and what drove you to mentor others?

I love working with founders so mentoring pre-seed and seed stage startups via various accelerator and incubator programs has been really rewarding. While my portfolio companies are my main priority, I want all founders building in crypto to feel like VCs in the space are accessible and supportive. Also, many of the programs are protocol-specific, and it’s really helpful as an investor to learn about the nuances, strengths, and shortcomings of new blockchains first hand from builders. 


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What are you passionate about outside of work?

Normally I’d be traveling as often as possible, but I’m surprisingly enjoying San Francisco these days. I spend a lot of time outdoors, mainly hiking and biking. I also love to cook, especially Meditteranean and Asian food. I read a new book each week, usually gravitating toward fiction and science fiction. I also write a lot, but don’t share my content as much as I probably should! One thing I really miss… music festivals. We’ve been robbed of a whole year of live music! 

Speaking of, what’s your secret for getting on the cap table? 

Even before I became a VC, I enjoyed working through problems and contributing to design and strategy with friends of mine who were founders. Being an entrepreneur is an incredibly tough job and I really respect anyone audacious enough to build something totally new from scratch. I especially love founders working in the crypto space, because I think crypto at its core is a really empowering technology. Crypto founders tend to be shooting for the moon — totally redesigning the space they’re building in from first principles, often with a lofty, values-oriented endgame in mind. Through 4 years of working in crypto, I’ve built strong friendships with some of the most significant leaders in the space, and they’ve taught me a lot about what it takes to be a successful founder. 

I typically focus on building authentic relationships, providing crypto-specific insight and anecdotes from other investments/founders, asking the right questions, always being available, and proving to my founders that I’ve got their backs. Ultimately, though, I think founders generally sense if they’re talking to an investor who truly respects them and loves their vision, and that’s what cap table construction really comes down to. 

What’s your biggest cap table “mistake”? 

As an early stage investor you’ll always have regrets since it’s impossible to see the future. Some VCs are inclined to invest too often and regret it, some to pass too often and regret it. There are one or two companies I wish I’d invested in over the past year, so I think I’m the latter. As a steward of someone else’s capital, I think it’s important to be brutally honest with yourself about mistakes and proactive in adjusting your approach. I don’t have any regrets in my personal portfolio because I angel invest very infrequently with high conviction, and the other 90% of my capital is in crypto (risky, I know!). 

The year is 2030. What’s the state of crypto?

By 2030, Bitcoin will have shed its crypto-native, cypherpunk roots and be considered an asset that regulated institutions and their clients use to hedge against fears of inflation and general macro turmoil, real or perceived. Institutional infrastructure will be sophisticated to the extent that it mirrors that of traditional capital markets, and major governments will be on the path to including Bitcoin products in their treasury and currency management strategies. DeFi will continue to eat centralized finance like exchanges and OTC desks and provide infrastructure only possible with crypto underpinnings, such as global payment rails and liquidity routing networks. I believe the success of mass market DeFi products will prove the usefulness of blockchain, making way for retail applications spanning social/content networks, gaming, commerce, and social money — categories I’m really excited about and actively investing in! 

Follow Jane on Twitter (@janehk) for more insights into crypto and venture capital!


Secondary

Pre-Seed

  • Autochek: $3,400,000 led by 4DX Ventures, Golden Palm Investments, Kepple Africa Ventures, Lateral Capital, MSA Capital, TLcom Capital Partners | Autochek is an automotive technology company that aims to build digital solutions.

  • Complish: $800,000 led by Antler, Global Founders Capital | Complish keeps remote teams aligned, connected, and focused on their most important objectives.

Seed

  • Evommune: $12,500,000 led by Pivotal bioVenture Partners | Evommune is taking a tissue-based approach to advance insights and accelerate the development of transformative medicines.

  • Ubiq Security: $6,400,000 led by Alexandria Venture Investments, Cove Fund, DLA Piper, Okapi Venture Capital, TenOneTen Ventures, Volta Global | Simplifying encryption for developers through APIs.

  • build.security: $6,000,000 led by Dan Amiga, Eran Barak, Eyal Gruner, George Kurtz, Michael Sutton, Sounil Yu, YL Ventures | build.security provides developers with easy deployment, ecosystem integrations, and code extensibility.

  • Encantos: $5,700,000 led by Angeles Investors, Baron Davis, Concrete Rose Capital, Human Ventures, Kapor Capital, Metrodora Ventures, Next Play Ventures, Portfolia, Precursor Ventures, Revolution‚ Rise of the Rest Seed Fund, Sol Trujillo, Spencer Rascoff | Encantos is an edtech company creating direct-to-consumer brands for kids powered by a subscription-led blended learning platform.

  • OpsLevel: $5,000,000 led by Alex Solomon, Andrew Miklas, Baskar Puvanathasan, S28 Capital, Union Capital, Vertex Ventures, Webb Investment Network | OpsLevel is a microservice catalog that helps you build more reliable software and resolve production incidents faster.

  • Paceline: $5,000,000 led by Mark S. McCombe, Montage Ventures, Northwestern Mutual, Propel Venture Partners | Paceline is a fitness rewards platform that adds financial benefit to physical activity.

  • Outcomes4Me: $4,700,000 led by Asset Management Ventures (AMV), Merstal Ltd., Sierra Ventures | Outcomes4Me is a developer of a free mobile app and platform to navigate cancer treatment and care.

  • Listory: $4,000,000 led by Globis Capital Partners, Rhodium, Viola Ventures | Listory is the world‚Äôs first content refinery powered by human-curation to mine the best of the web.

  • Grouparoo: $3,000,000 led by Eniac Ventures, Fuel Capital, Hack VC, Liquid 2 Ventures, Meka Asonye, SCM Advisors | Open source customer data framework built to easily sync data from your data warehouse to all of your 3rd-party tools

  • Aya Payments: $2,900,000 led by Anthemis Group, BDC Capital, Luge Capital, MaRS Investment Accelerator Fund, StandUp Ventures | Aya Payments is a healthcare startup that builds payment tools and programs for employee benefits packages.

  • Coterie: $2,750,000 led by Black Jays Investments, M3 Ventures, Mindset Venture Group Ltd, RiverPark Ventures, TA Ventures, Willow Growth Partners | Coterie creates smart, innovative baby care products that make parents' lives easier, starting with its high-performing diaper.

  • Charityvest: $2,300,000 led by Duro Ventures, Promus Ventures, Sovereign Capital, Teamworthy Ventures, Tom Blaisdell | Charityvest is a personal charitable giving fund that allows individuals to donate to US nonprofits from one tax-deductible account.

  • maude: $2,200,000 led by Benjamin Millepied, Brad Handler, CASSIUS Family, Cedric Aumonier, Dakota Johnson, Nik Sharma, Outbound Ventures, Patina Brands, RRE Ventures, Steven Alan, True., Tune House Capital, Vice Ventures | Maude Group produces sex wellness essentials that encourage a happy and healthy sex life.

  • A-Frame Brands: $2,000,000 led by Initialized Capital, Moise Emquies | A-Frame is an LA-based holding company launching a portfolio of talent-led sustainable personal care brands.

  • Branch: $1,500,000 led by Cindy Bi, Homebrew, Josh Buckley, Joshua Browder, Naval Ravikant, Sahil Lavingia, Scott Belsky | Your space for work and play. Bring back serendipity to your remote team with spatial conversations.

Series A

  • Heyday: $175,000,000 led by Arbor Ventures, General Catalyst, Khosla Ventures | Heyday offers a digital marketplace space built for sellers to accelerate consumer products brands.

  • EdgeQ: $51,000,000 led by AME Cloud Ventures, Fusion Fund, Threshold | EdgeQ is an information technology company that specializes in the fields of 5G chip systems.

  • Nereid Therapeutics: $50,000,000 led by Apple Tree Partners | Nereid Therapeutics is discovering new disease treatments by applying research and technologies in biomolecular condensates.

  • Headway: $26,000,000 led by Accel, Global Founders Capital, GV, IA Ventures, Thrive Capital | Headway is a mental healthcare system provider that helps patients connect with therapists and submit insurance claims online.

  • Chooch AI: $20,000,000 led by 212, Alumni Ventures Group, Streamlined Ventures, Vickers Venture Partners, Waterman Ventures | Chooch AI is the horizontal visual Al platform that quickly replicates human visual tasks and processes with AI on the edge & in the cloud.

  • Unikie: $14,243,052 led by CapMan | Unikie is a software development Company.

  • OpenPhone: $14,000,000 led by Brianne Kimmel, Chapter One Ventures, Craft Ventures, Elad Gil, Garage Capital, Jeff Morris Jr., Kindred Ventures, Rahul Vohra, Slow Ventures, Todd Goldberg, Y Combinator | OpenPhone offers a phone app that lets users seamlessly get a business phone number without a second phone or a second SIM card.

  • Mati: $13,500,000 led by Amaranthine, Comma Capital, Operator Partners, Spero Ventures, Tribe Capital | Making trusting strangers online effortless.

  • Afresh Technologies: $13,000,000 led by Baseline Ventures, Food Retail Ventures, Innovation Endeavors, Maersk Growth | Afresh is a supply chain company that uses cutting-edge A.I. to massively reduce food waste and increase profits.

  • Subtle Medical: $12,200,000 led by 3E Bioventures, Crista Galli Ventures, Data Collective DCVC, Delta Capital, Fusion Fund, Nina Capital, Tsingyuan Ventures | AI-empowered medical imaging workflow: faster, safer, and smarter

  • Welcome: $12,000,000 led by Kapor Capital, Kleiner Perkins, Webb Investment Network, Y Combinator | Welcome creates jaw-dropping virtual events.

  • OXIO: $12,000,000 led by Ascend Venture Capital, Atlantico, FinTech Collective, Monashees, Multicoin Capital | OXIO is a carrier-as-a-service platform designed for brands and enterprises.

  • TransfrVR: $12,000,000 led by Album VC, David Blake, Firework Ventures, Greg Norman, Imagination Capital, Jeff Venik, Stuart Udell | TransfrVR founded on the belief that learning is about enhancing the human experience.

  • ClosedLoop.ai: $11,000,000 led by .406 Ventures, Greycroft, Meridian Street Capital, Silicon Valley Bank | ClosedLoop uses the power of AI to identify at-risk patients and recommend the best interventions for each individual.

  • Flyreel: $10,000,000 led by DONAN, Gradient Ventures, Guidewire Software, IA Capital Group, State Auto Labs | Flyreel, AI for self-service property inspections & claims

  • Arrikto: $10,000,000 led by Unusual Ventures | Democratizing Kubernetes Machine Learning with Kubeflow, simplified data automation and accelerated collaboration

  • Deepfence Inc: $9,500,000 led by AllegisCyber, Chiratae Ventures, Sonae IM | Kubernetes, Serverless and Virtual Machines, Deepfence protects it all. Pioneering industry's first Cloud Native DPI technology.

  • Farmstead: $7,900,000 led by 19YORK, Aidenlair Capital, Duro Ventures, Gelt VC, Heron Rock Fund, Maple VC, Red Dog Capital, Y Combinator | Farmstead is an artificial intelligence-powered farm to doorstep grocery delivery startup.

  • Northstar: $7,300,000 led by Burst Capital, Foundation Capital, Josh Elman, M13, Workday Ventures | Northstar is a fintech company that enables employers to offer financial wellness, compensation, and benefits advice.

  • NestEgg: $7,000,000 led by BAM Ventures, Bonfire Ventures, Dreamit Ventures, Financial Venture Studio, Hyde Park Angels, Hyde Park Venture Partners | NestEgg is a real estate company that helps independent real estate investors create wealth by streamlining the property management process.

Series B

  • Spring Health: $76,000,000 led by Able Partners, Breanna Stewart, GingerBread Capital, Kyle Lowry, Northzone, Operator Partners, Rethink Impact, SemperVirens, The William K. Warren Foundation, Tiger Global Management, True Capital Management, Work-Bench | Spring Health provides employers with a comprehensive and effective solution for employee mental well-being.

  • ZenBusiness: $55,000,000 led by ATX Venture Partners, Breyer Capital, Cathay Innovation, GreatPoint Ventures, Greycroft, Interlock Partners, Lerer Hippeau, Mark VC, Omega Venture Partners | Zenbusiness is a provider of an online platform for starting a business.

  • CAIS: $50,000,000 led by Eldridge | CAIS is a financial technology platform providing the independent wealth channel with access to alternative investments.

  • Abnormal Security: $50,000,000 led by Greylock, Menlo Ventures | Abnormal Security is a San Francisco-based email security company that protects enterprises from targeted email attacks.

  • ActivTrak: $50,000,000 led by Sapphire Ventures | ActivTrak is the only cloud-native user Activity Monitoring (UAM) tool to help teams improve security, compliance, and productivity.

  • MycoWorks: $45,000,000 led by 8VC, AgFunder, Data Collective DCVC, Gruss & Co, Humboldt Fund, John Legend, Natalie Portman, Novo Holdings, SOSV, Tony Fadell, Valor Equity Partners, Wireframe Ventures, WTT Investment | MycoWorks is a biotech company that delivers commercially viable non-plastic and non-animal materials to the market.

  • Aclima: $40,000,000 led by ACVC Partners, Clearvision Ventures, GingerBread Capital, Kapor Capital, KTB Network, Microsoft Climate Innovation Fund, Plum Alley, Rethink Impact, Robert Bosch Venture Capital, Schmidt Family Foundation, Social Capital, Splunk, WomensVCFund | Aclima delivers hyperlocal air quality data and insights to improve human and planetary health.

  • Zapata Computing: $31,000,000 led by Ahren Innovation Capital, Alumni Ventures Group, BASF Venture Capital, Comcast Ventures, Honeywell Venture Capital, ITOCHU Corporation, Merck Global Health Innovation Fund, Pitango Venture Capital, Prelude Ventures, Robert Bosch Venture Capital, The Engine | Zapata Computing is a quantum software company that offers computing solutions for industrial and commercial use.

  • Chipper Cash: $30,000,000 led by 500 Fintech, Bezos Expeditions, Deciens Capital, One Way Ventures, Ribbit Capital | Chipper Cash is a fintech platform that offers cross-border money transfer services through mobile.

  • Fireblocks: $30,000,000 led by Cedar Hill Holdings, Cyberstarts, Digital Currency Group, Galaxy Digital LP, Paradigm, Swisscom, Tenaya Capital | Fireblocks is a Blockchain security service provider for moving, storing, and issuing digital assets.

  • Apprentice.io: $24,000,000 led by GFR Fund, Insight Partners, Pacific Western Bank, Pritzker Group Venture Capital, The Venture Reality Fund/VRF | Apprentice.io develops an intelligent manufacturing execution system that helps life science teams scale faster.

  • Abacus.AI: $22,000,000 led by Coatue, Decibel Partners, Index Ventures | Abacus.AI is a San Francisco-based artificial intelligence research and AI cloud services company.

  • Everytable: $16,000,000 led by Candide Group, Creadev, Desert Bloom, Gratitude Railroad, Kaiser Permanente Ventures, Kimbal Musk | Everytable is a unique grab-and-go restaurant chain with a variable price.

  • Trust & Will: $15,000,000 led by AARP, Actium Funds, Fifth Third Capital, Hack VC, Halogen Ventures, Jackson Square Ventures, Jeff Cruttenden, Link Ventures, Luma Launch, Noah Kerner, Northwestern Mutual Future Ventures, Revolution‚Äôs Rise of the Rest Seed Fund, Rosecliff Ventures, Techstars Ventures, WTI International Inc. | Trust & Will is modernizing the trust and estate planning industry with an easy, fast, and secure way to set up your estate plan online.

Series C

  • Klaviyo: $200,000,000 led by Accel, Summit Partners | Klaviyo is a marketing automation and email platform designed to help grow businesses.

  • Medable: $91,000,000 led by GSR Ventures, Pharmaceutical Product Development, Sapphire Ventures, Streamlined Ventures | Medable is transforming clinical research and predictive medicine by creating a platform powered by patient-generated data.

  • Form Energy: $70,000,000 | Form Energy develops and commercializes a low-cost battery system that can store wind and solar energy for a long duration.

  • Verbit.ai: $60,000,000 led by Sapphire Ventures | Verbit.ai specializes in combining human and artificial intelligence to provide transcription and captioning solutions.

  • ControlUp: $27,000,000 led by Jerusalem Venture Partners (JVP), K1 Investment Management | ControlUp is an IT virtual infrastructure monitoring, management and troubleshooting solution.

Series D

  • Relativity Space: $500,000,000 led by Bond, Fidelity, Jared Leto, Mark Cuban, Playground Global, Social Capital, Tiger Global Management, Tribe Capital, Y Combinator | Building humanity’s multiplanetary future, starting with Terran 1 the world’s first entirely 3D printed rocket.

  • PingCAP: $270,000,000 led by 5Y Capital, Access Technology Ventures, Anatole, Bertelsmann Asia Investments, Coatue, FutureX Capital, GGV Capital, Jeneration Capital, KUNLUN, Matrix Partners China, Trustbridge Partners, Yunqi Partners | PingCAP is a developer of an open-source, distributed SQL database for real-time analytics.

  • MindTickle: $100,000,000 led by Accel, Canaan Partners, New Enterprise Associates, NewView Capital, Norwest Venture Partners, Qualcomm Ventures, SoftBank Vision Fund | MindTickle is a software company that offers sales readiness and enablement tools for businesses.

  • HOVER: $60,000,000 led by Alsop Louie Partners, FinSight Ventures, Guidewire Software, GV, Menlo Ventures, Nationwide Insurance, Standard Industries, State Farm Ventures, Travelers Insurance | HOVER is a 3D data and technology company for home improvement and property insurance professionals.

  • K Health: $42,000,000 led by 14W, Atreides Management, LP, Marcy Venture Partners, Max Ventures, PICO Venture Partners, Valor Equity Partners | K Health is a data-driven digital primary care system that uses AI to deliver personalized primary care.

Series E

  • Forter: $125,000,000 led by Bessemer Venture Partners, Commerce Ventures, Felix Capital, Itai Tsiddon, March Capital, NewView Capital, Scale Venture Partners, Sequoia Capital Israel | Forter offers a fraud solution that helps retailers grow sales, lower costs, and improve customer experience via its Decision as Service.

  • Addepar: $117,000,000 led by 8VC, Sway Ventures, Westcap | Addepar is a wealth management platform that specializes in data aggregation, analytics, and portfolio reporting for investment advisors.

  • AliveCor: $65,000,000 led by Bold Capital Partners, Khosla Ventures, Omron Healthcare, Qualcomm Ventures, WP Global Partners | AliveCor is an FDA-cleared mobile heart solution that helps save lives, save money, and brings healthcare into the 21st century.

Series F

  • DataRobot: $270,000,000 led by Altimeter Capital, B Capital Group, BlackRock, ClearBridge Investments, Glynn Capital Management, New Enterprise Associates, Sapphire Ventures, Silver Lake, T. Rowe Price, Tiger Global Management | DataRobot brings AI technology and ROI enablement services to global enterprises.

  • Strava: $110,000,000 led by Dragoneer Investment Group, Go4it Capital, Jackson Square Ventures, Madrone Capital Partners, Sequoia Capital, TCV | Strava is an online network where runners and cyclists can record their activities, compare performance, and compete with their community.

  • Udemy: $50,000,000 led by Learn Capital, Tencent Holdings | Udemy is an online learning platform that helps students, companies, and governments gain the skills they need to reach their goals.

Sources: Crunchbase, Twitter, LinkedIn


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