In 2016 when Chime desperately needed cash, over 100 VCs said no. One seed VC, took a chance and saved the company, co-founder Ryan King recalls.
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Iconiq pursued Chime because the founders were focused, and didn’t get distracted by "shiny new objects."
The USDC stablecoin issuer ended its first trading day at a 167% jump from its $31 IPO price.
The new round is being led by Iconiq Capital, with the possibility of a co-lead investor joining.
Charles Hudson had just closed his fifth fund several months ago – $66 million for Precursor Ventures – when one of his limited…
Acrew Capital's Kolodny led a $20 million Series A in Alix, a startup that uses AI to automate estate processing.
Tim Chen, solo VC at his firm Essence VC, just closed his fourth fund, a fresh $41 million, without even trying.
