Aug 24, 2018

Lead Edge Capital closes $520 million growth fund

Illustration: Lazaro Gamio / Axios

Lead Edge Capital, a New York City-based growth equity firm, has closed a $520 million fund. Former NetSuite finance chief Ron Gill is also joining the firm as an operating partner.

Bottom line: Lead Edge may not be as well known as some of its peers, but it's had a number of recent high-profile exits among its portfolio companies, including Spotify, Delivery Hero, Duo Security, ClearScore, and Moat.

1 scooter thing: Earlier this year, the firm invested in scooter rental company Bird, whose founder, Travis VanderZanden, had worked at one of Lead Edge's other investments, Uber.

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Dave Lawler, author of World
28 mins ago - World

A hinge moment for America's role in the world

Photo illustration: Aïda Amer/Axios. Getty Images photo: Saul Loeb/AFP

The world may be living through the last gasps of America First — or just getting a taste of what's to come.

Why it matters: President Trump's message at this week's virtual UN General Assembly was short and relatively simple: global institutions like the World Health Organization are weak and beholden to China; international agreements like the Iran deal or Paris climate accord are "one-sided"; and the U.S. has accomplished more by going its own way.

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Ursula Perano
40 mins ago - Politics & Policy

New York daily coronavirus cases top 1,000 for first time since June

Photo: Chip Somodevilla/Getty Images

New York on Friday reported more than 1,000 new coronavirus cases for the first since June.

Why it matters: The New York City metropolitan area was seen as the epicenter of the COVID-19 pandemic throughout the spring. But strict social distancing and mask mandates helped quell the virus' spread, allowing the state to gradually reopen.

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Axios
Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2 p.m. ET: 32,647,382 — Total deaths: 990,473 — Total recoveries: 22,527,593 — Map.
  2. U.S.: Total confirmed cases as of 2 p.m. ET: 7,053,171 — Total deaths: 204,093 — Total recoveries: 2,727,335 — Total tests: 99,488,275 — Map.
  3. States: U.S. reports over 55,000 new coronavirus cases.
  4. Health: The long-term pain of the mental health pandemic — Fewer than 10% of Americans have coronavirus antibodies.
  5. Business: Millions start new businesses in time of coronavirus.
  6. Education: Summer college enrollment offers a glimpse of COVID-19's effect.
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