If you seem to see the Tiger Global name in risky transactions every day recently, there is a reason: the company averaged 1.3 transactions per day in the second quarter.
According to a new report from research firm CB Insights, Tiger’s investment in the most recent quarter increased eightfold over the same period last year, reaching 81 transactions. Anderson Horowitz was the second most active investor in the quarter, with 64 transactions, followed by Sequoia with 62 transactions and Accel with 60.
During the record funding period, global venture capital compared to the previous year With an increase of 157%, reaching $ 156 billion, Tiger is everywhere. The company participated in the third-largest cybersecurity investment (Forter) and the fifth largest artificial intelligence transaction (Scale AI).
Tiger was founded by Chase Coleman in 2001. After winning bets at companies like Facebook and LinkedIn more than a decade ago, he established his position in the field of investing in preIPO technology. With the explosive growth of multi-billion dollar tech startups and the tendency to stay private for longer periods of time, the Tiger name has become more prominent year after year.
Their funds have also gotten bigger. Earlier this year, the company raised $ 6.65 billion in funding, about a year after its previous fund raised $ 3.75 billion. This is all after Lee Fixel, a veteran who has worked for the company for 13 years and one of its top technology investors, left in 2019 and founded his own company Addition.
Tiger has spread its investments across multiple industries and regions.
The company participated in a US$650 million investment in rocket manufacturer Relativity Space and a US$550 million financing of the Kajabi e-commerce platform, which are the fifth and sixth largest businesses in the United States respectively
Tiger joined the US$450 million investment in the fintech company Brex, tied for the second largest deal in Silicon Valley, and the US$200 million financings of cloud service provider Outreach, the second deal in Seattle. This is also part of a $240 million investment by ActiveCampaign, Chicago’s largest customer relationship management company