Confluent, a startup founded by the creators of the open-source Apache Kafka data-processing software project, announced a $250 million Series E round led by Coatue Management. The round eclipses the $206 million Confluent had raised since its founding in 2014. The funding boosts Confluent’s valuation from $2.5 billion to $4.5 billion and shows that investors are still keen on pumping money...
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Alexis Ohanian Venture Fund Plots $776 Million in New Funds
Seven Seven Six, the venture capital fund launched by Reddit co-founder Alexis Ohanian in 2020, plans to raise $776 million for two new funds, according to investment documents viewed by The Information. The planned fundraising is more than 50% bigger than what it raised last year and will test investor appetite for bigger funds during a tough environment. The Palm Beach, Fla.-based firm had an...
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