The Expensify EC-1

Let’s make it clear from the outset that this story is about an expense management SaaS business called Expensify. As you’d expect, yes, this is about the expense management market and how Expensify has grown, its technology and all of that. Normally, that would make us change the channel. But this is also a story […]

How a band of P2P hackers planted the seeds of a unique expense management giant

It’s natural to think an expense report management business would play it by the book. But one look at Expensify is enough to tell you that this is a company that never even looked for the book.

Emergence Capital co-founder Jason Green on transitioning out of the firm, and what’s next

Succession is a major issue for many venture firms. Institutional investors, founders — even reporters — often get attached to individual members of a team, and when one of those individuals, particularly a firm cofounder, decides to hang up his cleats, it can be tricky for the rest of the partnership if it hasn’t planned […]

From bootstrapped to a $2.1B valuation, ReCharge raises $227M for subscription management platform

ReCharge, a provider of subscription management software for e-commerce, announced today that it has raised $227 million in a Series B growth round at a $2.1 billion valuation.  Summit Partners, ICONIQ Growth and Bain Capital Ventures provided the capital. Notably, Santa Monica, California-based ReCharge was bootstrapped for several years before raising $50 million in a […]

Timescale grabs $40M Series B as it goes all in on cloud version of time series database

Timescale, makers of the open source TimescaleDB time series database, announced a $40 million Series B financing round today. The investment comes just over two years after it got a $15 million Series A. Redpoint Ventures led today’s round with help from existing investors Benchmark, New Enterprise Associates, Icon Ventures and Two Sigma Ventures. The […]

Evening Fund debuts with $2M micro fund focused on investments between $50K and $100K

We tend to think of venture capital in tens or hundreds of millions, even billions of dollars, so it’s refreshing to find Evening Fund, a new $2 million micro fund that focuses on small investments between $50,000 and $100,000 as it seeks to help young startups that may be struggling to find funding elsewhere. The […]