Steve Brotman started Alpha Partners in 2014 with a novel idea at the time: investing alongside early-stage VCs to help preserve their ownership in promising companies as they transition to later funding rounds. Alpha’s first fund was a mere $10 million. But as startups started staying private for longer, the VC industry invented various mechanisms […]
Alpha Partners raises $153M third fund for pro-rata investments Read More »
Progress, a Bedford, Massachusetts-based software firm, on Monday announced that it intends to acquire file management platform ShareFile for $875 million in cash and credit. Progress CEO Yogesh Gupta said that the deal, which is expected to close by November 30, will bolster Progress’ portfolio with tools to help businesses more efficiently share — and
Progress acquires file management platform ShareFile for $875M Read More »
Companies’ data architecture today looks nothing like it did 20 years ago, but monitoring and tracing tools haven’t followed suit, making it difficult for engineering teams to identify the root cause of errors and latency issues. Israeli developer Eden Federman thinks the solution is distributed tracing, a more advanced observability method, but he found adoption
As European startups continue to look for signs of sustained market confidence beyond the hype around AI companies, Atomico — one of the region’s more iconic, largest venture capital firms — has raised more money to make investments that might indicate how the market is really moving. The VC has closed new funds totalling $1.24
European VC Atomico closes $1.24B across two funds for early and growth-stage startups Read More »
Back in 2017, Daniel Lang, Dan Poineau, and Sandra Huber came together to build Mangomint, a startup that makes salon and spa operations software. Lang said they realized that software providers were trying to build their own booking platforms, à la OpenTable. “We fundamentally didn’t believe this was the right approach for beauty and wellness,”
How a cold email to a VC helped salon software startup Mangomint raise $35M Read More »
Hydrogen startup C-Zero has raised $5 million of an $18 million funding round, according to an SEC filing. The company is developing a way to strip hydrogen from methane without emitting carbon dioxide. The resulting hydrogen can be used in a range of industries today, including ammonia and petrochemical production, and potentially others in the
C-Zero is raising $18M to make emission-free hydrogen using natural gas, filings reveal Read More »
Copper is critical to the energy transition away from fossil fuels. The metal is an excellent conductor of electricity, used in everything from electric vehicles to wind turbines. But by the end of the decade, the International Energy Agency expects copper supplies to fall 20% short of demand. One stealthily operating startup thinks it can
Endolith is using ‘Olympic caliber’ copper microbes to address the copper shortage Read More »
Until six years ago, many e-commerce and SaaS businesses could have avoided paying sales tax to states where they had customers, but no physical presence. But as online shopping grew, states realized they were losing out on tax revenue. The era of free-riding for online retailers ended in 2018 when South Dakota took Wayfair to
Zamp targets growing demand for sales tax solutions Read More »
Brittany Ennix first became interested in supply chains as a child. Her grandfather worked for the Ford glass manufacturing plant, where she says he gave her an appreciation for the complexity of building something. When Ennix moved to Silicon Valley and worked for Uber and later Flexport, her fascination for the industry grew, until she
For financial institutions, complying with regulations is becoming a costlier proposition. According to a recent poll, 76% of financial services firms increased their compliance expenditure from 2022 to 2023, with most blaming new laws. With the cost of compliance averaging out to around $10,000 per employee these days, many firms are searching for ways to
