The Funding Letter #122: May 6

The Early Bird: Lite Edition 🕊

May 06, 2019

What is this? The Funding Letter is a daily venture capital newsletter, built for salespeople, by salespeople. Each Letter is sent directly to your inbox hours before Fortune’s Term Sheet, Axios’ Pro Rata, etc, so you’re tipped off before everyone else’s outreach emails flood your Decision-Maker’s inbox.

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Kaseya is the leading provider of complete IT infrastructure management solutions for managed service providers (MSPs) and internal IT organizations. View on LinkedIn.

New Funding Raised: $500M, Private Equity

Round Investors: TPG (lead), Insight Partners

HQ: New York, NY

Industry: Computer Software

Employee Count: 592

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Vice Media was launched in 1994 as a 'punk zine'​ and has since expanded into a leading global youth media company with bureaus in over 30 countries. View on LinkedIn.

New Funding Raised: $250M, Debt Financing

Round Investors: 23 Capital (lead), Soros Fund Management (lead)

HQ: Brooklyn, New York

Industry: Publishing

Employee Count: 3273

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Investible is an Angel Investment platform mentoring entrepreneurial talent to grow and scale their global business. View on LinkedIn.

New Funding Raised: $10M, Series A

Round Investors: Acorn Capital (lead)

HQ: New South Wales, Australia

Industry: Venture Capital & Private Equity

Employee Count: 29

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Aiven is a cloud technology startup that manages Open Source databases and backend messaging systems for clients around the world. View on LinkedIn.

New Funding Raised: $9M, Series A

Round Investors: Earlybird Venture Capital (lead), First Fellow Partners, Lifeline Ventures

HQ: Helsinki, Southern Finland

Industry: Information Technology and Services

Employee Count: 24

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WorldCover offers peer-to-peer investments that provide insurance to the global poor. View on LinkedIn.

New Funding Raised: $6M, Series A

Round Investors: MS&AD Ventures (lead), EchoVC Partners, Western Technology Investment, Y Combinator

HQ: New York, NY

Industry: Financial Services

Employee Count: 29

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Spruce Up is on a mission to create moments of joy in every home - one perfect item at a time. View on LinkedIn.

New Funding Raised: $3M, Seed

Round Investors: Two Sigma Ventures (lead), Alumni Ventures Group, Female Founders Fund, Madrona Venture Group, Peterson Ventures

HQ: Seattle, WA

Industry: Internet

Employee Count: 16

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