Kate Clark, The Information

Kate Clark

The Information

San Francisco, CA, United States

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Past articles by Kate:

Crypto Startup MoonPay Valued at $3.4 Billion in First VC Funding

Crypto payments startup MoonPay is raising its first round of venture capital at a $3.4 billion valuation including the investment, according to two people familiar with the matter. Tiger Global Management and Coatue Management are co-leading the $400 million financing for the bootstrapped ... → Read More

Founders Fund, Iconiq Value Ramp at $3.8 Billion in New Funding Round

Corporate credit card startup Ramp is raising its fourth round of venture funding in under eight months, underscoring how back-to-back fundraising rounds—with relatively little business progress in between—is becoming the norm for startups in hot fields such as financial services. Founders Fund ... → Read More

Robinhood’s Biggest IPO Winners

When Robinhood was raising its early funding rounds, co-founder Baiju Bhatt kept a journal. In it were pages filled with the names of over 100 investors, most of them accompanied by an “X” mark to indicate they had passed on the investment, said an early investor who saw the journal. Those who ... → Read More

Startups Turn to Wall Street to Broker VC Deals

For years, startups turned to Wall Street bankers either in the best of times—when they were big enough to go public—or the worst, such as when they needed to find a buyer. Now they are paying for investment bank services for a function that’s much more routine: raising early-stage venture ... → Read More

MobileCoin, Which Powers Crypto Payments on Signal, Valued at $1 Billion

MobileCoin, a cryptocurrency business with close ties to Signal and its founder, Moxie Marlinspike, has raised more than $75 million in venture capital funding at a $1 billion valuation, more than 10 times higher than at its last financing in March, according to two people familiar with the ... → Read More

New Talkdesk Financing Targets $10 Billion Valuation

Talkdesk, a developer of cloud-based software to manage call centers and other customer service, has indicated it is raising a new round of capital that would grant the company access to the “decacorn” club, a fast-growing group of privately held startups whose valuation exceeds $10 billion. The ... → Read More

Robinhood Valued at $55 Billion on Secondary Market Ahead of IPO

Anticipation of Robinhood’s upcoming initial public offering, which took a step forward when the stock-trading app filed paperwork for the offering with the SEC on Thursday, has prompted secondary market investors to offer to buy its private shares at an implied valuation of $55 billion. That’s ... → Read More

Is Sand Hill Road Over? No. But Zoom Deals Are Here to Stay

When Andreessen Horowitz finishes construction on its new office in San Francisco’s SoMa neighborhood, its partners shouldn’t expect to find an assigned desk waiting for them. Instead, they’ll need to reserve space to work or meet with prospective portfolio companies under the firm’s new office ... → Read More

Crypto Lender BlockFi in Talks to Raise Funding at $5 Billion Valuation

BlockFi, a wealth management and trading firm for cryptocurrency holders, is raising new funding just three months after its last round. It's the latest sign that VC interest in cryptocurrency, supercharged by Coinbase’s direct listing two months ago, is overriding a recent steep retreat in ... → Read More

Union Square Ventures Values Crypto Publishing Tool Mirror at $100 Million

Union Square Ventures, an early backer of the cryptocurrency exchange Coinbase, has invested in crypto publishing tool Mirror.xyz at a $100 million valuation, according to two people with direct knowledge of the funding. The one-year-old startup has raised at least $10 million across two recent ... → Read More

The Stripe Founders’ Right-Hand Man

A few years ago, a saying started to ricochet around Stripe’s brick-faced headquarters in San Francisco: If Stripe co-founders Patrick and John Collison, both licensed pilots, were to ever get in a plane crash on one of their jaunts, Will Gaybrick would be first in line to succeed them. The ... → Read More

Inside Rounds Hit Record $30 Billion as Investors Double Down

Venture capitalists may be getting too comfortable with marking up their own portfolios. The number of inside rounds, or VC deals in which only a startup’s previous investors participate, reached a high of over 1,000 in the U.S. last year and could top that record by the end of 2021, according ... → Read More

Before CEO’s Ouster for LSD Use, Iterable Investor Sold Stake to Silver Lake

Weeks before the board of Iterable pushed out its CEO Justin Zhu for violating a company drug policy, one of the company’s biggest investors sold about half its stake in an unusual move that could signal its dissatisfaction with his leadership. Earlier this month, venture capital firm Index ... → Read More

Fintech Startup Rapyd Doubles Valuation Again to Over $5 Billion

Rapyd, a startup whose technology helps businesses embed financial services into their own apps, is raising money in a round that would double its valuation to more than $5 billion, just four months after unveiling its last fundraising, according to two people familiar with the deal. Existing ... → Read More

‘Truly extraordinary’: Unicorn Startups Boast 300X Valuations

Orca Security’s March funding round made the two-year-old software startup a unicorn—and gave it an unusual claim to fame. With approximately $4 million in annualized revenue when it briefed investors early this year, the cybersecurity company’s $1.2 billion valuation translated to 300 times ... → Read More

‘These Guys Are Very Different’: Inside Andreessen Horowitz’s Rise

As recently as two years ago, the performance of Andreessen Horowitz’s investments in tech startups were average, despite the firm’s outsize public profile. But its partners had placed bigger bets on cryptocurrencies than almost anyone else, and they did so during moments when most investors had ... → Read More

Inside Tiger Global’s Deal Machine

In early 2018, Tiger Global Management hired retired U.S. Army colonel Greg Gadson to speak at the hedge fund’s offsite conference at Miraval, a luxury resort and spa in Arizona’s Sonoran Desert. Gadson, who lost both legs to an explosion in Baghdad, shared this advice on overcoming intense ... → Read More

SoftBank to Invest More Than $100 Million in Fitness Startup Tempo

Tempo, a 2-year-old startup trying to challenge Tonal, Mirror and Peloton in the at-home fitness market, is finalizing a more than $100 million investment led by SoftBank, two people familiar with the matter said. The deal shows that even as people return to gyms as the pandemic ebbs, venture ... → Read More

Stripe Invests in Brex Rival Ramp at $1.6 Billion Valuation

Ramp, a two-year-old startup that offers corporate cards and software tools for managing employee expenses, is close to finalizing two rounds of funding that will value the company at $1.6 billion, according to three people familiar with the deals. D1 Capital Partners led the first, $65 million ... → Read More

Altimeter to Lead Plaid Deal After Scrapped Visa Merger

Plaid, the financial technology startup whose planned sale to Visa fell apart in January, is raising about $600 million in a funding round that could value it at between $10 billion to $15 billion, according to four people close to the company. Altimeter Capital, a hedge fund turned VC firm that ... → Read More