Day: September 21, 2018

CapitalG, the growth equity arm of Alphabet, has led the $185 million round in Convoy, its first investment in the Seattle-based, tech-enabled trucking network. The round brings Convoy’s total raised to $265 million and values the company at $1 billion. New investors T. Rowe Price and Lone Pine Capital participated in the financing alongside existing […]

The Trump administration’s new cyber strategy out this week isn’t much more than a stringing together of previously considered ideas. In the 40-page document, the government set out its plans to improve cybersecurity, incentivizing change, and reforming computer hacking laws. Election security about a quarter of a page, second only to “space cybersecurity.” The difference […]

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week we worked with an (excellent) skeleton crew. Our own Connie Loizos held down the fort with a guest that knew quite a lot: March Capital’s Jamie Montgomery. There was a healthy blizzard of news to get through, […]

23andMe, IBM and now uBiome is the next tech company to jump into the lucrative multi-billion dollar drug discovery market. The company started out with a consumer gut health test to check whether your intestines carry the right kind of bacteria for healthy digestion but has since expanded to include over 250,000 samples for everything […]

Eight Roads Ventures, the investment arm of financial giant Fidelity International, is moving into Southeast Asia where it sees the potential to plug the later stage investment gap. The firm has funds across the world including the U.S, China and Europe, and it has invested nearly $6 billion in deals over the past decade. The firm […]

Amazon unleashed a flurry of new products this week at a U.S. press event, but halfway across the world, it is getting deeper into physical retail in the Indian market. The U.S. e-commerce giant is buying up 49 percent of More in a deal that sees Amazon partner and PE firm Samara Capital pick up the […]