Arctic Wolf gets USD $401M in convertible notes

6 Oct, 2022
Another day, another big round to a Minnesota-based cybersecurity firm. Arctic Wolf raised $401 million in convertible notes led by existing investor Owl Rock. Such investments could become more en vogue as the venture capital pullback continues.

Arctic Wolf gets USD $401M in convertible notes

Global VC pullback is dramatic in Q3 2022

The big global venture capital pullback we were all expecting is truly here. Venture and growth investors in private companies scaled back their investment pace significantly as the slump in the public markets stretched into the third quarter.

Gaingels and a16z lead September investments

Every month there seems to be even starker contrasts between the venture capital worlds of last year and this one. We take a look at the top investors for September.

Google eyes South Africa as country’s tech sector grows

Google is joining other cloud giants in South Africa with a service that plans to stretch across the continent. South Africa is not only home to some of the largest cloud solutions in Africa, it is also home to a growing startup sector that will require strong cloud infrastructure to drive growth.

Celebrating Hispanic Heritage Month

In honor of Hispanic Heritage Month, we’re highlighting U.S.-based Hispanic and Latine entrepreneurs, founders and investors in the Crunchbase community. We’re excited to spotlight 7 leaders who are paving the way to provide better access to opportunity and more seats at the table for those with diverse perspectives.

North American startup funding shrank over 50% in Q3

North American startup investment for the third quarter plummeted by more than half, driven by an even steeper drop in late-stage financing. The investor pullback that began earlier this year has intensified as tech valuations contract and the IPO window remains largely shuttered.

Nested Therapeutics emerges from stealth with $125M

Nested Therapeutics has joined a broad lineup of well-funded drug discovery startups, launching its cancer-fighting tech platform with $125 million in financing. The company raised a $90 million Series A round led by Goldman Sachs Asset Management along with additional funding earlier this week.

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