Category: Matrix Partners

Side raises $150M at $1B valuation to help real estate agents go it alone

Side, a real estate technology company that works to turn agents and independent brokerages into boutique brands and businesses, announced Monday that it has raised $150 million in Series D funding. Coatue Management led the round, which brings San Francisco-based Side’s valuation to $1 billion and total funding raised to…

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9 investors discuss hurdles, opportunities and the impact of cloud vendors in enterprise data lakes

About a decade ago, I remember having a conversation with a friend about big data. At the time, we both agreed that it was the purview of large companies like Facebook, Yahoo and Google, and not something most companies would have to worry about. As it turned out, we were…

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CommonGround raises $19M to rethink online communication

CommonGround, a startup developing technology for what its founders describe as “4D collaboration,” is announcing that it has raised $19 million in funding. This isn’t the first time Amir Bassan-Eskenazi and Ran Oz have launched a startup together — they also founded video networking company BigBand Networks, which won two…

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FeaturePeek moves beyond Y Combinator with $1.8M seed

FeaturePeek’s founders graduated from Y Combinator in Summer 2019, which for an early stage startup must seem like a million years ago right now. Despite the current conditions though, the company announced a $1.8 million seed investment today. The round was led by Matrix Partners with some unnamed Angel investors…

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As funding slows in Boston, its early-stage market could shine

Chris Lynch, a founder and former general partner at Boston-based seed-stage fund Accomplice, remembers “VC Mountain in Waltham.” Back then, entrepreneurs on funding quests would visit a building overlooking the Waltham Reservoir near Boston where they pitched to a few investors: Matrix Partners, Charles River Ventures and Highland Capital Partners. “And…

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Namely, a former high flier, slashes staff as demand for its HR software dries up in the pandemic

Namely, an eight-and-a-half-year-old, New York-based company that sells payroll, talent management and other HR services to mid-size businesses across the U.S. via subscription software, has let go of upwards of 40% of its employees. The cuts are across the board, from high-ranking staffers, including a CFO who was brought on…

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