Fowl and Lyft increase $900M, a16z launches a crytpo fund, and $6B extra for Sequoia – TechCrunch

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Hi there and welcome again to Fairness, TechCrunch’s enterprise capital-focused podcast the place we unpack the numbers behind the headlines.

This week Connie Loizos and I had been joined by Norwest’s Scott Beechuk. Sadly, Matthew Lynley was studying slam poetry to ambivalent cacti within the Sonora Desert and thus couldn’t be part of us. He’ll be again quickly, we promise.

However we had a great crew on deck and a grip of reports to sift, so let’s get to what we bought into.

First up was the newest headlines within the on-demand transportation sector. Lyft raised an enormous new pile of money at a staggering valuation, Uber bought the go-ahead to function as soon as extra within the nice metropolis of London, and Fowl’s $300 million spherical formally closed.

In order that’s one other $900 million for home transportation-sharing, at the least, in a single week. Proper.

Subsequent up Sequoia’s epic new $6 billion in contemporary capital. Recall the well-known line about 1,000,000 not being cool, however a billion being cool? Sadly a billion isn’t cool, 2012 Andreessen Horowitz. However possibly $6 billion is cool. A minimum of 2018 Sequoia thinks so. (Good luck returning a a number of of that determine!)

Talking of a16z, that store has a brand new automobile available in the market targeted on the crypto house. With $300 million able to go and no 20 p.c cap on crypto investments, a16z can now do what it needs within the surprisingly-still-nascent house.

All that and we tried to squeeze AppNexus into the present. (Replace: We failed!)

Keep cool and we’ll see you in per week!

Fairness drops each Friday at 6:00 am PT, so subscribe to us on Apple Podcasts, Overcast, Pocket Casts, Downcast and all of the casts.



Supply hyperlink – https://techcrunch.com/2018/06/29/bird-and-lyft-raise-900m-a16z-launches-a-crytpo-fund-and-6b-more-for-sequoia/

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