Tagged: venture capital

Draper Goren Holm Announces Blacks On The Blockchain Initiative & $100,000 Pitch Competition to Promote Racial Equity

Draper Goren Holm, a blockchain and Fintech venture firm, announced on Tuesday it signed the Equity.District’s #RacialEquityEcosystem pledge, which is led by Techstars Co-Founder Brad Feld, and Draper Goren Holm Venture Partner and Opportunity Hub (OHUB) Chairman and CEO Rodney Sampson. Along with signing the… Read More

Irish Fintech Firms to Receive More Support after Enterprise Ireland Awards €10 Million Grant to VC Firm MiddleGame Ventures

VC firm MiddleGame Ventures (MGV) has reportedly received a €10 million grant from Enterprise Ireland, in order to establish a pool of funding of up to €20m for Fintech businesses operating on the island. As noted on MGV’s official website: “Middlegame Ventures is a venture… Read More

Digital Banking Platform Tonik Acquires $21 Million in Capital for Q3 2020 Launch in the Philippines

Tonik Financial Pte Ltd, a company planning to launch a digital bank in the Philippines, has reportedly secured $21 million in capital through a Series A equity funding round.  The round was led by major blue-chip venture capital investors, including Sequoia India and Point72 Ventures…. Read More

Fintech Investments Surge in 2020 while Venture Capital Investments have More than Doubled Since 2014: Report

Venture capital investments have been increasing steadily in Latin and South America, Southeast Asia, and India. Last year was particularly notable because of considerably more venture investments allocated towards emerging private capital markets, including Southeast Asia, Latin and South America, India, Central Eastern Europe, and… Read More

Andreessen Horowitz: Growth in the Cryptocurrency Sector has been “Choppy Yet Consistent”

Giant VC firm Andreessen Horowitz is arguing that the growth of social media, application developers, digital asset prices, and the rise of blockchain startups may eventually lead to the development of a more stable cryptocurrency industry. The US-based firm published a report on May 15,… Read More

£1.4 Billion May Have Been Lost by UK Fintech Firms Due to COVID-19: Report

Around £1.4 billion (appr. $1.7 billion) of total UK Fintech-related investments might potentially be lost due to the deadly COVID-19 outbreak. This, according to a recent survey of Fintech industry professionals carried out by techUK and blockchain company Qadre. About 68% of the 59 Fintech… Read More

Brace for Impact: VC Funding of Fintechs Has Terrible Q1

This should come as no surprise but Q1 was horrible for VC-backed Fintechs as the Coronavirus pounded private capital markets and crash-landed the once robust market. According to CBInsights, the first quarter of 2020 was one of the worst quarters for Fintech funding in years…. Read More

Zurich-based Mobile Banking App Provider Numbrs to Lay Off 62 Employees, After Investors Decide to Back Out

Zurich-based Numbrs, a mobile banking app provider, will be laying off 62 employees after investors backed out of a deal to allocate funds toward the development of the firm’s business. In August 2019, the Fintech firm claimed that it was valued at around CHF 1… Read More

UK-based Applied Blockchain, an Enterprise DLT Solutions Provider, Secures £2 Million in Capital via Round led by QBN Capital

UK-based Applied Blockchain, an enterprise-grade blockchain or distributed ledger tech (DLT) solutions provider, has secured £2 million (appr. $2.5 million) in capital through a new funding round. The company’s investment round was led by QBN Capital, a Hong Kong-headquartered venture capital company. Applied Blockchain’s management… Read More

How The Coronavirus May Cripple Venture Capital But Could be a Boon for Equity Crowdfunding

It’s no secret that there has always been a disconnect between the Venture Capital (VC) industry and the Startups that they fund. VCs are the embodiment of old school funding and their investments have, until recently, been the judge, jury, and executioner for countless innovation… Read More

U.S.-Based Cerebro Secures More Venture Capital Funding to Expand Digital Commercial Loan Marketplace

Cerebro Capital, a U.S.-based digital commercial loan marketplace, announced on Tuesday it received additional venture capital funding through its latest investment round, which was co-led by Ulu Ventures and Grotech Ventures with participation from Sterling Partners, Inner Loop Capital, and Point Field Partners. Launched in 2017, Cerebro describes itself as… Read More

An Entrepreneur’s Guide to Surviving Coronavirus

Remember all those articles about whether venture was overvalued?  With blinding speed, they now seem quaint.  Bluntly stated, most venture-backed companies are in a fight for survival.    Although certain areas of life sciences may do somewhat better, I think the impact will be widely felt. … Read More

UK Gold-Backed Token Project Aurus Scores €1 Million Investment From Dubai-Based Venture Capital Silver Rock Group

Aurus, a UK-based fintech, scored a €1 million investment from Dubai-based venture capital Silver Rock Group for its gold-back token project. Founded in 2017, Aurus describes itself as a marketplace for crypto-currencies that represent shared ownership of physical assets. The company noted that together with… Read More

Thailand’s Corporate VC Firm Krungsri Finnovate to Invest $10 Million in Three Startups to Improve Country’s Digital Infrastructure

Krungsri Finnovate, a corporate venture capital company operating under Bank of Ayudhya (BAY), the third-largest bank in Thailand in terms of assets, loans, and deposits, is planning to invest $10 million into the operations of three promising startups during the first half of this year…. Read More

Silicon Valley VC Draper Goren Holm Now Offering $100 in Bitcoin to Those Who Want to Learn about Blockchain

Draper Goren Holm, a Los Angeles based venture firm led by Tim Draper, Alon Goren, and Josef Holm, announced on Thursday it is offering an incentive to those who are looking to learn more about Blockchain during the Los Angeles Blockchain Summit, which will take… Read More

Early Stage Tech-focused VC Fund OTB Ventures Receives $100 Million in Commitments for Projects in Europe

OTB Ventures (OTB), a VC fund focused on making strategic investments in technology firms based in central and eastern Europe, has introduced an early-stage tech fund, which is notably the biggest venture capital fund in the region. The fund has reportedly received $100 million in… Read More

Westpac-backed VC Fund Reinventure Joins $90 Million for Kredivo’s Owner, Indonesia’s Leading “Buy Now Pay Later” Platform

Westpac-backed VC fund Reinventure aims to increase its presence in Asia’s Fintech economy. Reinventure has reportedly joined a $90 million investment round for Kredivo’s owner, Indonesia’s fast-growing “buy now, pay later” (BNPL) platform. Asia Growth Fund and Square Peg led Reinventure’s latest round for FinAccel,… Read More

Venture Capital Firm Brewer Lane Ventures Launches; Hires Insurtech Vet Martha Notaras As Managing Partner

Brewer Lane Ventures, a U.S.-based venture capital firm focused on investing in the insurtech and fintech industries, it has officially launched and it has brought on Martha Notaras as Managing Partner. Notaras previously led XL Innovate, a leading property and casualty insurtech VC fund that invested in Cape… Read More

Alon Goren, Partner at VC Firm Draper Goren Holm , Discusses Blockchain & Digital Securities

Alon Goren is well known in the Fintech space having been an early thought leader and supporter of the investment crowdfunding sector. When the JOBS Act was signed into law, Goren was in the thick of things seeing the opportunity of online capital formation. Over… Read More

London-based Augmentum Fintech Invests £7.5 Million into Online Bookkeeping Solution Provider, Receipt Bank

Augmentum Fintech PLC (LON:AUGM), an investment firm currently focused on the Fintech industry, recently revealed that it had invested £7.5 million (appr. $9.8 million) into UK-based online bookkeeping solution provider, Receipt Bank. Augmentum’s latest investment has come as part of Receipt Bank’s £55 million (appr…. Read More

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