红桃视频

Here’s what you need to know today in startup and venture news, updated by the 红桃视频 News staff throughout the day to keep you in the know.

Subscribe to the 红桃视频 Daily

A16Z rolls out $400M seed fund

Venture firm (a16z) announced the closing of a new $400 million seed fund that will invest in all areas of tech.

The fund is the latest in a number of ambitious investment vehicles raised by the Silicon Valley firm, which has been having its best exit year to date in 2021.

Seed has historically been a significant part of the firm’s strategy. The 12-year-old firm lists , , 听补苍诲 among the successful companies for which it wrote the earliest checks. Since 2020, about half of the new investments for a16z have been in seed-stage companies.

EngageSmart files for IPO

Braintree, Massachusetts-based , a provider of customer engagement software, filed to go public on the . The company posted $181 million in revenue for the 12-month period ending June 30, and was roughly break-even over that time.

Funding rounds

Lynk Pharma raises $50M: Hangzhou-based , a drug R&D company focused on small molecule clinical development, raised $50 million in a Series B financing led by . The funds will go primarily toward Phase I and II clinical trials for multiple programs in its R&D pipeline.

— Joanna Glasner

Illustration: