Andreessen Horowitz Hires Anish Acharya as a General Partner With Focus on Fintech: Term Sheet
Andreessen Horowitz just appointed its 16th general partner. Anish Acharya will join the venture capital firm as a general partner focused on fintech investing.
Acharya is a serial entrepreneur who sold his first company to and his second to Credit Karma. During his four years at Google, he was a product manager before making his first foray in the investing world. Acharya became a partner at GV (formerly Google Ventures) in 2012 focusing on gaming and the consumer internet.
“I was thankful for that experience because I got to work on a bunch of different sectors,” Acharya told Term Sheet. “But I was still hungry at the time, and I still wanted to build companies.”
Acharya moved into an entrepreneur in residence role within Google and began working on a new mobile notifications startup that he sold to Credit Karma in 2015. After four years at the company, Acharya most recently served as the vice president of product management at Credit Karma. Acharya told Term Sheet his move to Andreessen Horowitz was opportunistic and that he was already friendly with several of the firm’s partners.
“Credit Karma is an iconic company,” said Andreessen Horowitz general partner Alex Rampell. “Anish, who was the product mind behind it, really had to understand everything going on in fintech across the globe. He has an encyclopedic knowledge of the space.”
Andreessen Horowitz has been beefing up its fintech investment unit as of late. There are now three general partners — Acharya, Rampell, and Angela Strange — who focus on the sector, and their most recent investments include Tally, Synapse, ADDI, and Sentilink.
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– , a San Francisco-based provider of educational offerings, raised $57 million in Series C funding. Bytedance led the round, and was joined by investors including TAL Education Group, Yongjin Group, Pinpoint Ventures, Kakao Ventures, and Tan Tan Ventures.
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– , a Bethesda, Md.-based weather forecasting and analytics company, raised $18.7 million in Series B funding. New Science Ventures and AV8 Ventures led the round.
– , a San Francisco-based developer and supplier of small satellites, raised $14.5 million in Series A funding. Investors include Khosla Ventures, Founders Fund, ACME Capital, Sriram Krishnan and Correlation Ventures.
– , an Espoo, Finland-based makes hardware systems for quantum computers, raised $13 million in seed funding. Investors include Matadero QED, Maki.vc, MIG Fonds, OpenOcean, Tesi (Finnish Industry Investment) and Vito Ventures.
– , a Berkeley, Calif.-based energy solutions and technology provider for emerging markets, raised $9.3 million in Series B funding. Investors include Toyota Tsusho Corporation.
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– , a London-based data pipeline management company, raised $2 million in funding. Investors include LocalGlobe.
HEALTH AND LIFE SCIENCES DEALS
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– a Germany-based biopharmaceutical company developing a treatment for traumatic brain injury, raised €9.5 million ($10.7 million) in funding. HeidelbergCapital Private Equity and EF Investments co-led the round, and were joined by investors including Bayern Kapital, Future Capital, Hanseatic Asset Management and Ringtons Holdings.
– , a Singapore-based medical diagnostics company, raised $5 million in Series A funding. Biopath Ventures and ARCH Venture Partners led the round, and were joined by investors including SEEDS Capital.
PRIVATE EQUITY DEALS
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– Collibra acquired , a Prague-based SaaS provider of automated data lineage. Financial terms weren’t disclosed.
– Palo Alto Networks acquired , a San Francisco-based container security company, for about $410 million in cash. Twistlock had previously raised more than $63 million in funding from investors including Iconiq Capital, Dell Technologies Capital, YL Ventures, TenEleven Ventures and Polaris Partners.
FIRMS + FUNDS
– (NASDAQ: CG) raised $2.2 billion for the Carlyle Global Infrastructure Opportunity Fund.
– , an Austin, Texas-based private equity and venture capital firm, raised $850 million for a second, according to Reuters.
– , a Mill Valley, Calif.-based venture capital firm, raised $120 million for its fourth fund.
– Andy Freire joined Latin America fund as a managing partner.
– promoted John Brennan to partner.
– appointed Chase Roberts as a principal.