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Global CRM company Salesforce, announced that Salesforce Ventures, its global corporate investment group, has launched a new $50m Consultant Trailblazer Fund. The new fund will provide the next generation of cloud consulting companies and digital agencies with the capital required to build and scale their Salesforce services capabilities for the future.
The Consultant Trailblazer Fund will supp...
OMERS Ventures has a new addition focused on funding the firm’s back yard. Laura Lenz joins the venture capital arm of one of Canada’s largest pension funds as partner, tasked with leading investment activity across the country. Formerly of EdgeStone Capital Partners, MaRS IAF, and most recently, Generation Ventures, Lenz brings with her almost two decades of venture experience north and sout...
LearnVest founder Alexa von Tobel and former U.S. Secretary of Commerce and billionaire heiress Penny Pritzker have raised $200 million for their venture firm Inspired Capital, the company announced on Tuesday. It is one of the biggest debut funds out of New York and an especially significant raise for a female-founded firm. Only 29% of venture capital firms with $100 million to $250 million in as...
Ucommune, the largest rival to WeWork in China, plans an initial public offering in the U.S. in December even as the better-known competitor still recovers from its botched IPO, according to people familiar with the matter. The first-time share sale of the Chinese office-sharing provider could raise about $100 million, said the people, asking not to be ide...
Anyone who has bought a home knows that the sheer amount of paperwork involved in closing the transaction is not only overwhelming, but almost enough to deter you from ever doing it again. As a result, we’ve seen an increasing number of startups pop up that are focused on simplifying this laborious process. (We wrote about one, for example, last week). This morning, one such company, San Fran...
At a time when most of humanity lives in cities, where do cars belong — especially the old, polluting ones that make city air foul for people to breathe? That question has vexed city officials across the world. Many are trying a variety of measures to reimagine the role of automobiles, the machines that forever changed how people move. The immediate motivation is clear...
Companies using technology to make rapid cash offers to home sellers are typically paying their customers close to market value, a new study found. The study’s conclusion is likely to be reassuring for sellers who are considering using so-called iBuyers instead of traditional real-estate agents. But it raises questions about the long-term sustainability of the iBuying business.
The developer touts this as a step forward in building a futuristic "mini-city" equipped with vertical gardens and advanced smart buildings featuring self-healing concrete and energy-generating materials, though some details remain unknown. The Las Vegas Review-Journal reports there is no guarantee the deal will close, and noted the planned amenities are described using "an arsenal of buzz words."...
The parallels between hotel chain unicorn Oyo and office-sharing unicorn WeWork -- whose value plunged from $47 billion to "a pretty high probability of being a zero," according to a veteran investor after seeing its IPO filing -- point to their common DNA and raise similar questions. SoftBank Group, directly and through its Vision Fund, is heavily invested in both.
Three symptoms stand out:...
“Knotel has been growing quite fast, we have grown almost fourfold in the last year," Knotel co-founder and Chairman Edward Shenderovich said at a future of flex office leadership event hosted by Convene in New York City on Tuesday. "Given what happened with WeWork we'll probably slow down. There's no reason to grow that fast." Shenderovich said the company — which reportedly has some 800K S...