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The Press Room

2024

Alumnae Spotlights: Daphne Tong (W’04)

Wharton Women profiled WestCap Co-Head of Investments, Daphne Tong, to discuss her experience at Penn, her journey to WestCap and career highlights.

March 18, 2024

Newcomer Banking Summit: All Eyes on Silicon Valley Bank

Highlights from the Newcomer Banking Summit, including commentary from WestCap Founder and Managing Partner Laurence A. Tosi

March 15, 2024

Stories from building Blackstone, Airbnb, and private markets with Laurence Tosi of WestCap

Laurence A. Tosi, Founder and Managing Partner at WestCap, joined Michael Sidgmore on the Alt Goes Mainstream podcast to discuss the evolution of private markets, why private equity firms have the best business models in finance, and more.

March 5, 2024

Cyber Insights 2024: Artificial Intelligence

For SecurityWeek’s 2024 Cyber Insights, WestCap’s CISO Christian Schnedler shared his views on how identity tech will respond to advancements in artificial intelligence.

February 26, 2024

Top Investor in Marketplaces: WestCap’s Daphne Tong

Daphne Tong was a guest on GrowthCap's Growth Investor podcast and deep dived into WestCap’s unique operating equity model and how our team of investors and operators partners with visionary leaders to build generational businesses.

February 7, 2024

2023 Year in Review

A recap of WestCap's proudest achievements from 2023. WestCap remains more focused than ever on identifying and growing the next generation of standout companies with our unique Operating Equity model.

January 30, 2024

An Introduction to Mike Sotirhos

Mike Sotirhos joins WestCap as Head of Capital Formation and Strategy to lead and further institutionalize WestCap’s Investor Relations team and co-investment process, broadening the firm’s global investor base and driving expansion into new markets.

January 25, 2024

Charting New Horizons with the Chief People Officer

Brandon Roselius, Senior Associate at WestCap, explains how the Chief People Officer is a critical partner to the CEO in setting the strategic direction of a company.

January 24, 2024

GrowthCap’s Top 40 Under 40 Growth Investors of 2023

WestCap’s Ryan Benevides was recognized as one of GrowthCap's Top 40 Under 40 Investor. Ryan leads WestCap’s investment activity in the cybersecurity space and views cyber attacks as one of the most pressing issues facing our generation.

January 10, 2024

Predictions from top investors on cybersecurity, crypto, and fintech for 2024

Fortune Term Sheet featured a collection of predictions for the cybersecurity landscape, including one from WestCap’s Ryan Benevides about the consolidation within cybersecurity spending.

January 4, 2024

2023

To Succeed with Data, Invest in Your Company Culture

Erika Janowic, VP, Chief Data Scientist at WestCap, explains how data initiatives that fixate solely on the technical are doomed, because they lack the perspectives and buy-in of key stakeholders. She believes in order to be successful, organizations should place equal weight on building a strong data culture.

December 19, 2023

Be Proactive about Go-to-Market Compensation Planning

With 2024 around the corner, companies are nailing down budgets, headcount and operational models for the year ahead. Joi Pentin at WestCap shares why it’s important to lay the groundwork early for proactive incentive compensation planning.

December 6, 2023

The Truths and Traps of Startup Communications

In the world of startups, communications can be misperceived as a “nice to have” rather than a “must have” – resulting in missed opportunities, reputational hiccups and even major crises. Natassia Nettleman, the Communications Practice Lead at WestCap's in-house creative studio CōLab, discusses why communications shouldn't take a backseat.

November 16, 2023

GrowthCap’s Top Software Investors of 2023

WestCap’s Daphne Tong was recognized as one of GrowthCap’s Top Software Investors of 2023. Daphne’s leadership, creativity and passion for building and investing has had a profound impact on WestCap.

October 25, 2023

Dragos Raises $74 Million in Series D Extension Round

Dragos, Inc., the global leader in cybersecurity for industrial controls systems (ICS) and operational technology (OT) environments, announced a $74 million Series D extension led by WestCap. The new funding will fuel additional Dragos expansion as demand accelerates to protect operational technology in critical and industrial infrastructure.

September 18, 2023

How Tech is Empowering the Modern Treasurer

The role of the treasurer has emerged as a critical strategic partner. In a candid conversation about the industry, Ed Barrie, Treasurer and Chief Product Officer at Treasury4, and Jeff Mullen, Partner at WestCap and former Airbnb Treasurer discuss how powerful treasury can be with the right tools and data.

September 12, 2023

Spokane startup raises $20M for data analytics software used by finance and treasury teams

Treasury4, an enterprise software platform offering modern tools for treasury and finance practitioners, has raised $20 million in Series A funding led by WestCap. Treasury4 empowers professionals in the Office of the CFO with workflow automation and real-time, actionable intelligence.

September 12, 2023

Market Segmentation: Don’t Let It Become an Afterthought

Change is a constant, and the same should be said for market segmentation. Nick Pompeo, Sales and Go-to-Market Lead at WestCap, explains why it’s critical for companies – regardless of size or macroeconomic environment – to continuously track, analyze, and iterate on market segmentation strategies to serve the evolving needs of their target customers.

July 25, 2023

Now is the Time to Invest in Cybersecurity

Ryan Benevides, Vice President at WestCap, explains why cybersecurity is one of the largest addressable markets in all of software – driven by emerging threats and new challenges.

June 15, 2023

Roles, Responsibilities & Resources in Defending Cyberspace

Christian Schnedler, CISO and Cyber Practice Lead at WestCap, shares how technological trailblazers and established companies are stepping up to make our digital ecosystem secure and resilient.

June 14, 2023

What’s Brand Got To Do With It?

A conversation about the evolving role of a brand with Brian "Waka" Wakabayashi, Managing Director of CōLab and Matt Herrmann, founder of startup marketing consultancy JAM Branding. CōLab is a creative studio born inside WestCap to help portfolio companies and other growth stage startups scale. The team is made up of product, marketing and growth experts that have helped shape some of the world's most influential companies.

May 17, 2023

Rental-House Startup Avenue One Valued at $1 Billion in Fundraising

Avenue One, a property technology service platform and marketplace for institutional owners, buyers and sellers of residential homes, announced in Bloomberg a strategic funding round of $100 million led by WestCap. Since WestCap's initial investment in 2020, Avenue One has scaled substantially, developing infrastructure that enables investors to efficiently access and manage a historically manual asset class.

May 15, 2023

Banking Turmoil Highlights The Importance of Proactive Risk Management

The global financial system has recently been unsettled by a string of bank failures, with companies being forced to confront issues for which they may have not been prepared. WestCap’s operating team shares their best practices for a proactive approach to risk management.

March 27, 2023

A Wall Street Veteran & Investor Explains Silicon Valley Bank’s Unraveling (with Laurence Tosi)

On an episode of Eric Newcomer’s podcast, WestCap Managing Partner and Founder Laurence A. Tosi discussed what happened with Silicon Valley Bank. He covered the industry hype cycle of the past few years, the controversy around venture debt, swirling misinformation, and the potential long-term impact from the fallout.

March 14, 2023

The Network Effect: Season 2: Episode One

In an episode of the podcast "The Network Effect," AccessFintech CEO & Co-founder Roy Saadon and WestCap Partner Kevin Marcus discuss trends in the financial market and how companies can stay ahead of the curve.

March 6, 2023

Remember, Your Customers Are Also in a Downturn

Mike Edelstein ("Coach Mike") shares three steps every Customer Success Manager needs to take to ensure both the preservation of customer success and the well-being of your customers’ business, even in an economic downturn.

February 16, 2023

2022

Daphne Tong: A captain’s role

Daphne Tong, Co-Head of Investments at WestCap, shares how her experience playing on a rugby team shaped her understanding of how individuals should work together. Anyone—no matter the role—can impact the outcome of a game.

December 14, 2022

Hunt Club injects AI and a network of experts into the recruitment process

Hunt Club, a senior talent recruiting platform powered by AI, today announced that it raised $40 million in a Series B round co-led by WestCap and Sator Grove. In an interview with TechCrunch, CEO Nick Cromydas said that the new capital will be put toward further developing the platform while growing Hunt Club’s national footprint.

December 7, 2022

Bishop Fox turns to penetration testing to secure the attack surface

Offensive security provider, Bishop Fox, announced it has raised $46 million in growth funding from WestCap, and provides a solution called Cosmos, which leverages a combination of automation and expert-driven testing to continuously monitor attack surfaces and identify potential entry points.

November 15, 2022

Fintech Sees Clear Opportunities in Fraud Detection, Global Payments & Data Infrastructure

The annual Money20/20 conference is where the fintech community – from well-known giants to disruptive startups – gather to debate and discuss the future of the industry. This year, WestCap’s investment team was on the ground and shared some key takeaways.

November 3, 2022

Local Impact with Global Scale: WestCap Enters Europe

Dan Fischer, Head of Investments in EMEA, shares how the firm is backing founders who are trying to change the status quo, modernize industries and create new markets.

September 27, 2022

Exclusive: AccessFintech raises $60M to unlock trading data for banks

AccessFintech, a trading data and workflow collaboration startup for capital markets, has raised $60 million in Series C funding led by WestCap. The startup is helping to make trading data less opaque for some of the biggest financial institutions in the world.

September 22, 2022

Next-Generation E-Commerce Platform Flip Closes $60 Million Series B

Flip, the next-generation e-commerce platform combining a TikTok-like discovery experience with a premium e-commerce service, closed a $60 million Series B funding round at a valuation of $500 million.

July 20, 2022

Ledger Investing Raises $75 Million in Series B Funding

Additional capital will finance the expansion of Ledger Investing’s ILS marketplace, data infrastructure service products, and asset management offerings.

June 22, 2022

Mothership Raises $76M for Its Same-Day Freight Delivery Platform

The startup announced it raised $76 million, which it will use to grow its team and expand its on-demand freight platform from 37 markets to a nationwide network.

May 11, 2022

Point closes on $115M to give homeowners a way to cash out on equity in their homes

Palo Alto-based Point, announced today that it has raised $115 million in Series C funding after a year of rapid growth. The round was led by existing investor WestCap.

May 3, 2022

Addepar Welcomes WestCap Partner to Board, Following Record Year of Growth

Addepar welcomes WestCap Partner Jaime Hildreth to its Board Directors. Jaime will work closely with Addepar CEO Eric Poirier, and his world-class team, including Eric Daniels as their new CFO, to help Addepar scale and penetrate new markets.

March 4, 2022

Fast Company Recognizes GoodLeap and Hopper as World’s Most Innovative Companies of 2022

WestCap portfolio companies GoodLeap and Hopper were spotlighted by Fast Company as the World's Most Innovative Companies of 2022, an annual ranking of organizations making a meaningful impact. Fast Company listed Goodleap on the overall top 50 list with an additional recognition in the Finance category (#2) for financing greener homes. Hopper is listed in the Travel category (#1) as the top innovative travel company for empowering companies and their customers with tools that relieve travel pain.

March 2022

Gaming startup Zupee racks up $72 million as part of larger round, valuation hits $600 million

Online real-money gaming platform Zupee has raised $72 million from Mumbai-based Nepean Capital as part of a larger funding round, the company said on Wednesday.

January 5, 2022

Bot mitigation company Human Security raises $100M

Human Security, a bot mitigation and fraud detection company for enterprises, has raised $100 million in a growth round of funding led by WestCap.

January 4, 2022

2021

Fintech firm iCapital Network valued at over $6 bln after latest funding

Financial technology platform iCapital Network said on Thursday it had fetched a valuation of more than $6 billion after raising $50 million in a funding round led by private equity firm WestCap.

December 23, 2021

Weight care management startup Found lands $100M at a $600M valuation

Just two and a half months after emerging from stealth, weight care management startup Found announced today that it has raised $100 million in a Series B funding round that values the company at $600

December 16, 2021

Bitcoin Firm NYDIG Raises $1 Billion From Investors

New York-based bitcoin firm NYDIG said Tuesday that it had raised $1 billion at a valuation of more than $7 billion, the latest in a series of blockbuster funding rounds this year by cryptocurrency startups.

December 14, 2021

Laurence Tosi’s WestCap Leads $80 Million Funding for Activities Booking Site Peek

Peek, the San Francisco-based tours and activities software vendor and booking website, attracted $80 million in new funding led by former Airbnb Chief Financial Officer Laurence Tosi’s WestCap with an

November 23, 2021

Peek.com CEO on Future of Travel

Peek.com CEO Ruzwana Bashir explains to Caroline Hyde why she thinks travel is set to make a huge comeback in 2022. She discusses the company's $80 Million Series C investment and shares her thoughts on post-pandemic travel, what to expect this

November 23, 2021

Bardavon Health Innovations Secures $90M to Advance MSK Platform Beyond Workers’ Compensation Care

Bardavon Health Innovations, a Workers’ Compensation and musculoskeletal (MSK) health company, today announced a Series C funding of $90 million led by investor

October 20, 2021

Tech Moguls Back GoodLeap’s Green Housing Push With $12 Billion Valuation

Americans are going to need at least $450 billion to turn their homes green in coming years, says entrepreneur Hayes Barnard, and he wants to get it to them.

October 13, 2021

FLYR Labs, maker of airline software, raises $150 mln

FLYR Labs, maker of software that uses artificial intelligence to help airlines price and plan flights, said on Wednesday it raised $150 million in equity financing.

September 22, 2021

All-Star Investors Katzenberg, Thiel, and Tosi Take Stake in Travel Startup Flyr

It’s rare for young travel startups to draw luminary investors early on. Yet Flyr Labs, which has only been selling business intelligence software to airlines for about a year, revealed it had closed a $150 million

September 22, 2021

Blueground Nabs $750 Million Valuation as WestCap, Geolo Invest

Blueground, a startup focused on short-term furnished apartment rentals, raised $140 million in equity funding from investors led by Laurence Tosi’s WestCap Group, an existing backer.

September 22, 2021

Quizzing app Zupee raises $30 million, valuation jumps to half-a-billion dollars

Skill-based online gaming platform Zupee has raised $30 million in a Series B round led by Silicon Valley-based WestCap Group and Tomales Bay Capital, at a valuation of $500 million. Existing investors Orios Venture

August 17, 2021

iCapital Network Raises $440 Million in Latest Funding Round to Enhance Client Offerings

iCapital Network the leading global financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries, today announced it has raised US$440

July 27, 2021

Goldman Spinoff Simon Tops $800 Million as WestCap Invests

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July 22, 2021

Templum Announces Strategic Investment and Partnership Led by WestCap

Templum, Inc. ("Templum"), a provider of next-generation capital markets infrastructure for alternatives and private securities, announced it has closed a strategic financing round led by WestCap.

June 16, 2021

Payments firm Klarna’s valuation rises to $46 billion after fundraising

Swedish payments firm Klarna has raised $639 million from a group of investors led by SoftBank's (9984.T) Vision Fund II, lifting its valuation to about $46 billion - higher than several of the region's major banks.

June 10, 2021

Mythical Games raises $75M for Blankos Block Party game and playable NFTs

Mythical Games has raised $75 million to launch its Blankos Block Party open-world multiplayer game as well as its platform to create games with nonfungible tokens (NFTs).

June 9, 2021

4 Key Takeaways From Skift’s Short-Term Rental and Outdoor Summit

The short-term rental, vacation home rental, and outdoor adventure sectors have been the most resilient parts of the travel industry during the pandemic. Brands have used recent waves of consumer and investor

May 20, 2021

Will It Be Airbnb, Sonder — and Then Everyone Else?

There will be Airbnb and Sonder — and everyone else. To hear Laurence Tosi of WestCap Group and investment partner Allen Mask of CoLab Group tell it, the emerging dynamic

May 19, 2021

Amount raises $99M at a $1B+ valuation to help banks better compete with fintechs

Amount, a company that provides technology to banks and financial institutions, has raised $99 million in a Series D funding round at a valuation of just over $1 billion.

May 17, 2021

How Torch.AI uses machine learning for data-led decisions

Such is the wealth of data available to companies nowadays, whether from how users interact with websites or scraped from IoT sensors, it’s imperative that the most beneficial information isn’t buried in meaningless statistics.

March 18, 2021

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