A report from information technology news site Techcrunch saw a rising trend in private equity firms supporting veteran startups who had been raising their own funds without outside help. Sequioa Capital and Accel Partners helped raise USD70 million for Qualtrics, a startup that offers data collection and analysis services. Accel, on the other hand, had a hand in raising USD103 million for education platform Lynda.com.
The report said that although the startups had not feel the need to get outside investment commitments considering most of them had thrived on their own . Nonetheless, the move by Accel and Sequoia were seen as timely.
On Wednesday, passenger travel search engine startup Skyscanner announced that it had received a significant investment in Sequoia. The startup received investment commitment in the USD800 million valuation. The investment came in the midst of Skyscanner's expansion to the United States, Canada and Latin America. Qualtrics and Lynda.com, on the other hand, received its investment from the venture capital firms at the time when both startups were poised to proceed with their growth plans.
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