In May 2022 Sequoia Capital released a memo to its portfolio companies telling them that this was a “crucible moment” and it was time to buckle down. These events may not all necessarily be related, but they are still significant changes for a major venture capital firm, and unusual within such a short period of time. Novartis, Hikma Ventures, Intermountain Ventures, The Blue Venture Fund, Echo Health Ventures, Section 32, Northpond Ventures, and others invested in the round. PRIVATE EQUITY- TopBuild agreed to acquire Specialty Products & Insulation, a Charlotte, N.C.-based insulation and building materials provider, from Incline Equity Partners. FUNDS + FUNDS OF FUNDS- Goodwater, a Burlingame, Calif.-based venture capital firm, raised $1 billion across two funds.

Source: Wall Street Journal July 31, 2023 14:53 UTC