VC Daily: Venture Firm 500 Startups Rebrands, Closes Its Largest Fund

Founded in 2012 and based in New York and Tel Aviv, OpenWeb is backed by investors including Insight Partners, AltaIR Capital, Norma Investments, Entrée Capital and Index Ventures. Versatile, a Los Altos, Calif.-based construction-tech startup, grabbed $80 million in Series B financing. Led by Insight Partners, the round included participation from Tiger Global Management, Robert Bosch Venture Capital, Entrée Capital, Root Ventures, Conductive Ventures and others.