Private equity funds and platform startups dominated the venture space in April. Ride-hailing unicorn Lyft closed a $600 million funding round, 16 months after its last $1 billion series F led by General Motors. Private equity giant KKR participated in the latest round, along with venture capital firms Baillie Gifford, AllianceBernstein and Graphene Ventures. Lyft is valued at $7.5 billion after the round.
Private equity funds also led several other top deals of the month. SoftBank, an active investor in tech startups in recent months, led a $250 million round in Indian hotel booking platform Oyo Rooms; and TPG’s newly launched $2 billion social impact fund, The Rise Fund, invested $190 million in Washington, D.C.-based education tech startup EverFi.
Here is a quick summary of the 10 biggest venture deals closed in April.
Investors mentioned in this post:
KKR, SoftBank, AllianceBernstein, TPG, ICONIQ Capital, Greenoaks Capital, CITIC Securities, Madrona Venture Group