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Centaurs, centurions, centipedes: the $100M ARR CLUB

Hello and welcome again to Equity, TechCrunch’s undertaking capital-focused podcast, the place we unpack the numbers in the back of the headlines.

This week Kate used to be in SF, Alex used to be in Providence, and there used to be a mountain of reports to shovel thru. If you’re right here as a result of we discussed linking to a definite tale within the display notes, that’s right here. For everybody else, let’s get into the time table.

We kicked off with a have a look at three new undertaking price range. In order:

  • Tusk Ventures: Tusk’s new fund, price $70 million, is a good doubling of its prior fund’s $36 million measurement. The politically-savvy company has invest in Coinbase, and different firms that care for regulated industries.
  • Sapphire Ventures: SAP’s former company undertaking fund Sapphire Ventures introduced a whopping $1.4 billion fundraise this week. Sapphire is also one of, or probably the most a hit CVC spinouts to this point.
  • Moxxie: Katie Jacobs Stanton, identified for co-founding #ANGELS, simply closed her debut fund on $25 million. Kate had chatted along with her about her revel in fundraising her very personal fund, a few of her earlier funding and her plans for Moxxie Ventures so there used to be masses to unpack right here.

From there we became the gender imbalance on this planet a gamble capital. This yr, firms based through ladies raised best 2.8% of capital. These not-so-stellar statistics are at all times price digging into.

After we took a snappy have a look at two other undertaking rounds, together with ProdPerfect’s $13 million Series A and Pepper’s smaller $5.6 million spherical. ProdPerfect’s spherical used to be led through Anthos Capital (identified for making an investment in Honey which bought for $4 billion). The corporate has $2 million in ARR and is rising temporarily. Pepper, shaped through former Snap denziens is operating to lend a hand different startups decrease their CAC prices in-channel. Smart.

And in spite of everything, Alex sought after to convey up his collection on startups that stretch the $100 million ARR threshold. A primary piece having a look into the speculation resulted in a few extra submissions. There appear to be sufficient firms to call the grouping with one thing great. Centurion? Centipede? Centaur? We’re running on it.

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