🖥️ 12:30pm ET today: Join Axios for a live virtual event on the future of fintech and consumer privacy in the age of COVID-19. I'll be interviewing Credit Karma CEO Kenneth Lin, while Jim VandeHei will be speaking with Andrew Yang. Register here.
Illustration: Aïda Amer/Axios
The White House yesterday released the names of more than 200 CEOs and other business figures who it says will advise the administration on reopening America's economy.
Pro Rata myopia: Doug Leone of Sequoia Capital is the only venture capitalist on the list, unless you also include Mark Cuban or former FDA Commissioner Scott Gottlieb (who's now part-time at NEA).
What the White House is saying: "These bipartisan groups of American leaders will work together with the White House to chart the path forward toward a future of unparalleled American prosperity. The health and wealth of America is the primary goal, and these groups will produce a more independent, self-sufficient, and resilient Nation."
But, but, but: A lot of this reopening talk is getting ahead of the health care realities, Axios' Caitlin Owens reports.
The bottom line: It makes sense to begin building a playbook so long as everyone accepts the schedule's fluidity. What to watch next is if this group becomes organized and is given deliverables, or if it's just for show.
Illustration: Sarah Grillo/Axios
Onfido, a San Francisco-based identity verification company, raised $100 million in Series D funding led by TPG Growth.
Today's project is a variation on yesterday's, when I asked your WFH kids to make tissue box monsters. It's to make a toilet paper roll animal. Could be a penguin or an octopus or whatever. If you need inspiration, just Google image search for "toilet paper roll animals."
Speaking of tissue box monsters:
🚑 BioCatch, an Israel-based behavioral biometrics startup, raised $145 million in Series C funding. Bain Capital Tech Opportunities led, and was joined by Industry Ventures and return backers American Express Ventures, CreditEase, Maverick Ventures, and OurCrowd. http://axios.link/u8HK
🚑 Perspectum, a British developer of disease identification and monitoring software, raised $36 million. Blue Venture Fund and HealthQuest Capital co-led, and were joined by fellow return backers Oxford Science Innovation, Puhua Capital, and the University of Oxford. http://axios.link/Tszg
• Awake Security, a Santa Clara, Calif.-based network traffic analysis startup, raised $36 million in Series C funding. Evolution Equity Partners led, and was joined by Energize Ventures, Liberty Global Ventures, and return backers Bain Capital Ventures and Greylock. www.awakesecurity.com
• Alkira, a San Jose, Calif.-based multi-cloud networking start-up, raised $30 million from Kleiner Perkins, Sequoia Capital, and GV. http://axios.link/TI5t
• Beyond Identity, a New York-based provider of password-less ID management solutions, raised $30 million in Series A funding co-led by Koch Disruptive Technologies and NEA. http://axios.link/Torr
• Edited, a New York-based “retail decision platform,” raised $29 million in growth equity funding. Wavecrest Growth Partners and Beringea co-led, and were joined by Hermes GPE. www.edited.com
• FarEye, an Indian mobile field workforce management platform, raised $25 million in Series D funding. M12 led, and was joined by Eight Roads Ventures, Honeywell, and return backer SAIF Partners. http://axios.link/KWwz
• Setu, an Indian provider of fintech API infrastructure for small businesses, raised $15 million in Series A funding. Falcon Edge and Lightspeed Venture Partners US co-led, and were joined by return backers Lightspeed India Partners and Bharat Inclusion Seed Fund. http://axios.link/NO1I
• Slite, a French notes organizing and sharing platform, raised $11 million in Series A funding led by Spark Capital. http://axios.link/THG6
• Push Technology, a provider of real-time data streaming and messaging software, raised £10 million in Series A funding. Maven Capital Partners led, and was joined by Guinness Asset Management and Stephens Capital Partners. http://axios.link/lXYT
• Atlas AI, a Palo Alto-based provider of agricultural insights tech, raised $7 million in Series A funding. Airbus Ventures led, and was joined by Micron Technology and The Rockefeller Foundation. http://axios.link/0Pl7
• AI.Reverie, a New York-based computer vision startup that’s focused on algorithm training, raised $5.6 million. Vulcan Capital led, and was joined by Compound Ventures, In-Q-Tel, Resolute Ventures, SGInnovate, TechNexus, and Triphammer Ventures. http://axios.link/2Yk7
• Credit Kudos, a British credit scoring startup, raised £5 million in Series A funding. AlbionVC led, and was joined by TriplePoint, Plug & Play Ventures, Ascension Ventures, and Entrepreneur First. http://axios.link/RTkI
🚑 PIC Therapeutics, a Boston-based oncology therapeutics startup, raised $5 million in seed funding led by Advent Life Sciences. http://axios.link/Yu71
• The Climate Service, a Durham, N.C.-based provider of climate risk analytics software, raised $3.8 million in Series A funding led by Persei Venture. http://axios.link/Av7z
• Aurigo Software, an Austin, Texas-based provider of physical project management software, secured an investment from Autodesk (Nasdaq: ADSK). http://axios.link/KdBd
• Capital Constellation acquired a minority equity stake in London-based private equity firm Pollen Street Capital. http://axios.link/20i4
• Navacord, a Canadian insurance brokerage owned by Madison Dearborn Partners, acquired Edmonton-based Blanket Insurance. www.navacord.com
🚑 Persistence Capital Partners invested in Summit Veterinary Pharmacy, a Canadian veterinary compounding pharmacy. www.svprx.com
• Airbnb secured $1 billion in new debt funding, one week after announcing $1 billion in debt and equity funding from Silver Lake and Sixth Street Partners. Reported lenders include Silver Lake and Sixth Street, plus Apollo Global Management, Owl Rock Capital, and Oaktree Capital Management. http://axios.link/jFpL
• J.C. Penney Co. (NYSE: JCP) is considering a bankruptcy filing, per Reuters. http://axios.link/XUyU
• Saudi Arabia's sovereign-wealth fund is nearing a $380 million deal for British Premier League soccer club Newcastle United F.C., per the WSJ. http://axios.link/YzSP
• Andreessen Horowitz is raising $450 million for its second crypto-focused fund, per the FT. http://axios.link/gly3
⛽ BlackRock raised $5.1 billion for its third global energy and power infrastructure fund. www.blackrock.com
• Corigin Ventures, a New York-based seed firm focused on real estate startups, raised $36 million for its first institutional fund. http://axios.link/fQP2
• Glade Brook Capital Partners is raising $100 million for a new special situations fund that will focus on tech companies impacted by COVID-19 economic disruptions, per Reuters. http://axios.link/DVDs
• SaaStr, a San Francisco-based VC firm focused on SaaS startups, secured $17 million of a $20 million-targeted second opportunities fund, per an SEC filing. www.saastr.com
• Section 32, a San Diego-based VC firm led by former GV boss Bill Maris, is raising $350 million for its third fund, per an SEC filing. www.section32.com
• Zetta Venture Partners, a San Francisco-based VC firm focused on AI startups, raised $180 million for its third fund. http://axios.link/Pgbj
• Dan Crain, onetime CTO for Brocade and CEO of Whiptail (acquired by Cisco in 2013) joined Newark Venture Partners as an operating partner. www.newarkventurepartners.com
• Jeremy Menkhaus joined Millpond Equity Partners as a vice president. He previously was with Agriculture Capital. www.millpointequity.com
• Micah Meisel joined Oak Hill Capital Partners as a partner. He previously was a managing director with Tandem Capital. www.oakhillcapital.com
• David Thacker is leaving Google, where he was VP of product management for G suite apps, to join Greylock as a consumer-focused general partner. http://axios.link/E2vd
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