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  • Philly trails as venture capital center

    9 days ago - By Philly

    The region logged just 34 venture capital investments in start-ups, early-stage and fast-growing companies for 2017. Boston had 155
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  • Tilting Point expands its user acquisition fund to $132M in annual spending

    9 days ago - By Tech Crunch

    Mobile games publisher and marketer Tilting Point is dramatically increasing its commitment to its user acquisition fund.
    The company announced a $12 million fund at the end of 2016, which it said would help developers grow their games while remaining independent. Today it revealed that it's committing $132 million in annual spending to the fund.
    CEO Kevin Segalla said that as mobile app stores become more and more crowded, “user acquisition has gotten incredibly complicated,” so most indie developers “don't have the tech and the expertise to do it.”
    That's where Tilting Point comes in...
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  • WeWork competitor Convene raises a $152 million Series D

    9 days ago - By Tech Crunch

    New York-based meeting room booking startup Convene announced a $152 Series D this week. The round is led by ArrowMark Partners, along with a number of real estate-related organizations, including Steve Case's Revolution Growth.
    It's probably telling that the company simply refers to itself as a “WeWork competitor” in the pitch email that was sent on its behalf. Convene doesn't exactly spur a lot of brand name recognition, but the company's certainly got the fundraising cache. This round brings its total raise up to $260 million.
    The well-funded startup certainly isn't as ubiquitous as...
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  • Scale Venture Partners has a new $400 million fund to invest in enterprise companies

    9 days ago - By Tech Crunch

    Scale Venture Partners, an 18-year-old, early-stage venture firm that focuses on software companies, has closed its sixth fund with $400 million, up slightly from the $335 million the firm had raised in early 2016. Among its biggest hits: the e-signature company Docusign, which went public in April; the online data storage company Box, which went public in 2015, and the marketing software company Hubspot, which went public in 2014.
    We talked late last week with firm cofounder Rory O'Driscoll, who runs the firm with a handful of longtime colleagues, to learn where the team plans to invest...
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