Venture capital funding

Crunchbase raises $30 million in Series C funding

 Jager McConnell, chief executive officer of Crunchbase,
CEO of Crunchbase Jager McConnell. Photo: studioEAST/Getty Images

Crunchbase, a private company information database that spun out of TechCrunch in 2015, raised $30 million in Series C funding led by OMERS Ventures.

Why it matters: Crunchbase is one of several upstarts — PitchBook, CB Insights, etc. — that recognized how private market data providers Dow Jones and Thomson Reuters were resting on their legacy laurels.

BP invests $5 million in forest carbon offsets firm Finite Carbon

BP corporate office
Photo: Lance King/Getty Images

BP said Friday that its venture capital arm is investing $5 million in a company that specializes in offsetting carbon emissions through forest projects.

Why it matters: It's the latest example of oil giants using their venture arms to stake companies with tech and products designed to fight climate change.