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Here's Where Five Top VCs Put Their Cash in the Cybersecurity Market


Dcode Capital/Accel Partners
Cybersecurity investing hit an all-time high in 2020 with over $7.8 billion of checks written.
Investors are focusing on angel, seed, and early-stage rounds, aiming to get in on the ground floor.
Insider asked five plugged-in investors about key trends and their top startups in the sector. 
The cybersecurity market is booming like few other sectors of investing. Venture capitalists poured more than $7.8 billion into the cybersecurity industry globally in 2020, setting a new record. PitchBook, the startup analyst company, estimated the overall value of cybersecurity startups in 2020 at $148.2 billion, and projected that figure to swell to $206.9 billion by 2024.  ....

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Wealthsimple secures $750 million CAD, claims $5 billion valuation


Wealthsimple secures $750 million CAD, claims $5 billion valuation
Wealthsimple has raised a $750 million CAD financing round as the FinTech company looks to expand its market position and continue to build out its product suite.
The Toronto-based startup announced the deal Monday morning, claiming it brings Wealthsimple’s post-money valuation to $5 billion CAD.
Wealthsimple plans to use the new capital to expand its market position, build out its product suite, and grow its team.
The round was co-led by venture capital firms Meritech and Greylock. The deal also included participation from DST Global, Sagard, Iconiq, Dragoneer, TCV, Inovia, Allianz X, Base 10, Redpoint, STEADFAST, Alkeon, TSV, Plus Capital and others. A number of Canadian celebrities also invested, including Drake, Michael J. Fox, Ryan Reynolds, Kelly Olynyk, Dwight Powell, and Patrick Marleau. The transaction is expected to close by mid-May. ....

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