Slack reportedly will release the prospectus for its direct listing as early as this week. Sources say the document will indicate the company is on track to generate about $500 million in revenue this year.
Credly, a startup that develops systems for issuing and managing digital badges, raised $11.1 million in its most recent funding round. CEO Jonathan Finkelstein says the capital will allow the company to accelerate its work.
FullStory, a startup developing technology to track and analyze digital customer experiences, raised $32 million in a funding round that included investments from GV, Dell Technologies Capital and Salesforce Ventures. CEO Scott Voigt said the startup would use the capital to "further evolve" its platform.
Digital Guardian, a cybersecurity startup that defends data simultaneously from external and internal threats, raised $30 million in a funding round that included investments from Golub Capital, MassMutual Ventures, the GE Pension Trust and Siemens Financial Services' venture capital arm. The money will fund hiring and further software development.
The inaugural VC University LIVE, created by NVCA and the University of California at Berkeley, will take place next month in Michigan alongside the Midwest Growth Capital Symposium. It will include activities for entrepreneurs, investors, lawyers and financial professionals who want to learn more about venture capital.
Singapore is planning to prepare its finance workforce for a future in which automation and data transform the industry. A new report by Ernst & Young released by the Ministry of Manpower identifies 121 key job roles of the future.
Versioning issues, collaboration challenges and the struggle to handle large datasets have left the next generation of corporate treasurers turning away from Excel. "For the new cohort of treasury professionals, the new way to do things is by using open-source computer languages like Python or R and manage the collection, processing and typeset output of treasury data via shared code," Francesco Tonin writes.
The race to the bottom on fees is spreading from the US to Europe as the availability of low-cost exchange-traded funds expands. Europe's institutional investors have lagged US peers in seeking out low-fee products.