Internet satellite startup OneWeb raises $1.25B | Roadshow begins as Lyft seeks up to $2.1B in IPO | Startups want a share of $15T Treasury market
March 18, 2019
NVCA SmartBrief
News for the startup ecosystem
The Lead
Internet satellite startup OneWeb raises $1.25B
London-based OneWeb, which aims to have a constellation of 650 internet delivery satellites in space by 2021, raised $1.25 billion in its most recent funding round. The round was led by SoftBank, Qualcomm, Grupo Salinas, and the Rwandan government.
VentureBeat (3/18) 
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Mobile Device Usage is a Threat to Data Security
74% of global IT leaders reported a data breach due to a mobile security issue. Discover how cybersecurity is shifting to meet the needs of a mobile world, and why it's critical to not fall behind. Learn how to protect your organization from mobile threats in The Convergence of InfoSec & Mobile.
Capital Call
Roadshow begins as Lyft seeks up to $2.1B in IPO
Lyft begins its roadshow today for an initial public offering that could raise as much as $2.1 billion at a valuation of up to $18.5 billion.
TechCrunch (3/18),  Axios (3/18) 
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Startups want a share of $15T Treasury market
Startups are going after the $15 trillion Treasury market by offering Treasury investors the transparency, speed and efficiency that have long been available for stocks. Last fall's market volatility, which stimulated demand for more liquidity, helped them attract new interest, said Kevin McPartland of Greenwich Associates.
The Wall Street Journal (tiered subscription model) (3/18) 
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Data storage startup Igneous raises $25M
Igneous, which manages servers and related equipment for clients, recently raised $25 million. The company said it would use the capital to make "go-to-market investments" and to press ahead with product development.
Xconomy (3/15) 
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Digital operations startup PagerDuty files for IPO
PagerDuty, a startup that helps clients run their digital technology, has filed for an initial public offering. The company got a $1.3 billion valuation in its most recent private funding round.
TechCrunch (3/15) 
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Corporate housing startup Zeus raises $24M
Zeus, a short-term corporate housing startup, has raised $24 million. The company plans to bring more properties under its management, upgrade its landlord portal and enhance its cleaning and furnishing capabilities.
TechCrunch (3/15) 
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Inside the Beltway
US seeks opinions on driverless cars with no steering wheels
The National Highway Traffic Safety Administration is seeking public input about autonomous cars that do not have brake pedals or steering wheels. The agency is accepting feedback on a list of questions related to completely autonomous vehicles.
Reuters (3/15) 
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View from Abroad
Olfactory alarm clock startup Bescent acquired by Maison Berger
Maison Berger Paris, a fragrance company, has bought a startup that created an olfactory alarm clock. The company says its acquisition of Bescent, which developed the Sensorwake device, will help it broaden its indoor fragrance offerings.
VentureBeat (3/15) 
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Thought Leadership
Opinion: US-based founders could learn a few things from India
Anil Advani, founder and managing partner of Inventus Law, reviews a few important characteristics of Indian entrepreneurship that could benefit founders in the US. "With the globalization of the industry, California's best and brightest can learn from Indian CEOs who have a different and more global perspective on business and technology," he writes.
VentureBeat (3/17) 
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NVCA provides model term sheets and other legal documents
Every year, the venture industry closes thousands of financing rounds with early- and growth-stage companies, creating tens of thousands of pages of legal documents. To save the industry time and money, NVCA has developed a set of model legal documents to serve as templates so that investors and entrepreneurs can spend less time focused on process and more time focused on growing their companies. The template model legal documents were put together by a group of leading venture capital lawyers. Each document is intended to serve as a starting point only, and should be tailored to meet your specific requirements. Visit NVCA's model legal document library.
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Life doesn't begin when you lose weight. Big dreams can be planned for and achieved in the bodies we have today, regardless of size or age.
Deb Malkin,
one of at least 20 plus-size women who hiked Mount Kilimanjaro together from March 2 to 10

March is Women's History Month

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