VCs double down on data-driven investment models – TechCrunch

Social Capital co-founder Chamath Palihapitiya is spinning out a company from his venture capital fund-turned-family-office, TechCrunch has learned. The new entity, temporarily dubbed CaaS (short for capital-as-a-service) Technologies, will focus on providing data-driven insights to VC firms. Data informs investment decisions at VC funds more than ever, as new technologies make way for increasingly quantitative…

WeWork acquires Waltz, an app that lets users access different spaces with a single credential – TechCrunch

WeWork announced today that it will acquire Waltz, a building access and security management startup, for an undisclosed amount. Waltz’s smartphone app and reader allows users to enter different properties with a single credential and will make it easier for WeWork’s enterprise clients, such as GE Healthcare and Microsoft, to manage their employees’ on-demand memberships…

With a portfolio including Acorns, Sweetgreen and Ro Health, Torch Capital raises $60M for its first fund – TechCrunch

Jonathan Keidan, the founder of Torch Capital, had already built a portfolio that included Acorns, Compass, Digital Ocean and Sweetgreen, before he raised single dollar for his inaugural venture capital fund, which just closed with $60 million. Keidan, a consummate networker who began his professional career as a manager working with acts like The Nappy…

WordPress management site WP Engine acquires Flywheel as it moves to a $1B valuation and IPO – TechCrunch

WordPress now accounts for 34 percent of all websites globally, and today one of the key companies that helps handle the creation and management of some of those WP-hosted sites is getting a little bigger through some consolidation in the wider ecosystem. WP Engine, which works with businesses to build and manage their WordPress-hosted sites,…