Tagged: venture capital

April 2, 2024 @ 8:22 am By Omar Faridi  |  

Venture capitalists Marc Andreessen, Galaxy Digital, and Accolade Partners are the main backers of the crypto VC firm 1kx’s most recnet fund. 1kx is reporting $75 million in funds raised via the investment round with Chris Dixon, a partner at Andreessen Horowitz, named as one… Read More

April 1, 2024 @ 10:13 am By Omar Faridi  |  

A report by professional services firm KPMG has revealed that 115 Scottish firms received over £359 million worth of Venture Capital (VC) investment after being identified as the most promising throughout 2023. The Venture Pulse Survey showed that there was “a marked decline in global… Read More

March 30, 2024 @ 8:07 am By Michael Wong  |  

Singapore-based AI cybersecurity firm StealthMole has announced raising $7 million in Series A funding, a round spearheaded by Korea Investment Partners (KIP). This investment round also saw contributions from Hibiscus Fund, a multinational venture between RHL Ventures, Penjana Kapital, and KB Investment, alongside Smilegate Investment…. Read More

March 24, 2024 @ 12:16 pm By Michael Wong  |  

Blockchain project Espresso Systems has successfully closed a $28 million Series B funding round, with a16z crypto leading the investment. This latest financial boost brings the total funding to over $60 million, following a $30 million Series A round in 2022 and an initial $2… Read More

March 19, 2024 @ 9:54 pm By Omar Faridi  |  

RevRoad explains that their platform provides growing companies with what they really need, which includes everything from a starter team to business services. RevRoad says that they are a venture services firm that helps portfolio companies grow “with a team and essential services for up… Read More

March 14, 2024 @ 2:18 pm By Omar Faridi  |  

Private equity fundraising declined by around 1.2% globally to $554 billion last year, according to data shared by PitchBook. And the number of funds declined by around 46% to 647 from 1,192. Funds of $5 billion or more reportedly accounted for almost 50% of 2023’s… Read More

March 9, 2024 @ 2:45 pm By Omar Faridi  |  

Corporate venture capital-backed deals and dollars fall to multi-year lows as CVCs shield themselves from the volatile tech market, according to a report from CBInsights. CBInsights noted in its latest update that the corporate venture capital (CVC) market has constricted “amid corporate belt-tightening and subdued… Read More

March 1, 2024 @ 8:53 am By Omar Faridi  |  

Qatar Investment Authority (QIA) is set to launch Qatar’s “first” venture capital (VC) Fund of Funds, a strategic investment program to foster innovation in Qatar. The Fund of Funds program will “invest more than USD 1 billion in international and regional venture capital funds.” The… Read More

February 29, 2024 @ 9:35 pm By Omar Faridi  |  

NayaOne has announced a $4.7 million funding round led by EJF Capital, with Valley Ventures, the corporate venture capital arm of Valley Bank and Carthona Capital also on board. This investment is a testament to NayaOne’s growth and potential “to transform financial services with its… Read More

February 28, 2024 @ 4:43 pm By Omar Faridi  |  

Recent PitchBook data shows that the journey from a first to a sophomore fund has never been so challenging. Historically, when we examine the period from 2006 to 2018, 63% of first-time managers had been able to secure a second fund, however, the present environment… Read More

February 24, 2024 @ 10:29 am By Michael Wong  |  

China’s venture capital (VC) market experienced a noticeable decline in January, with a total of 251 VC funding deals amounting to $2.6 billion, according to the latest analysis by GlobalData, a premier data and analytics firm. This represents an 8.4% decrease in deal volume and… Read More

February 13, 2024 @ 5:24 pm By Omar Faridi  |  

During the rise and fall of an “unprecedented” bull market across 2021 and 2022, founders and investors had to navigate a wild ride of ups and downs, the team at Carta noted. That volatility diminished in 2023. The startup ecosystem trundled “along at a slow… Read More

February 7, 2024 @ 12:08 pm By Omar Faridi  |  

Kin, the digital, direct-to-consumer home insurance company, announced the closing of $15 million in financing from new investor Activate Capital, a growth-stage VC firm focused on the sustainable, resilient transformation of the global economy. Raising at an increased valuation, greater than $1 billion, is an… Read More

January 31, 2024 @ 10:39 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Puffer, a decentralized and permissionless native liquid restaking protocol (nLRP) that combines Ethereum liquid staking with native restaking on EigenLayer. The invested funds will be used “to develop Puffer’s open-source technologies, its… Read More

January 26, 2024 @ 11:29 am By Michael Wong  |  

Addlly AI, a Singapore-based Generative AI startup, announced the successful closure of its seed funding round, achieving a valuation cap of S$5 million. The fresh funding will be used for the strategic expansion of the company’s capabilities in AI-driven digital marketing, according to the announcement…. Read More

January 26, 2024 @ 11:09 am By Omar Faridi  |  

Axyon AI, an Italian AI fintech company, has closed its latest funding round led by the US-based venture capital firm Montage Ventures and accompanied by The Techshop SGR, alongside other angel investors. The investment round marks a new chapter in Axyon AI’s journey “towards revolutionising… Read More

January 21, 2024 @ 5:53 pm By Michael Wong  |  

Healspan, a Bengaluru-based Insurtech startup, has raised Rs 1.2 crore in a pre-seed funding round led by startup accelerator PedalStart. This latest capital infusion brings the company’s total funding to Rs 1.7 crore, positioning it for significant growth in India’s competitive insurance technology sector, according… Read More

January 16, 2024 @ 10:15 am By JD Alois  |  

  CI has reported on the moribund activity for venture capital and private equity for some time now. Again and again, we receive reports that VC and PE cratered in 2023. Today, once again, S&P Global Market Intelligence has shared another gloomy report stating that… Read More

January 13, 2024 @ 10:39 am By Michael Wong  |  

Finoa, a Berlin, Germany-based regulated crypto platform catering to smart capital allocators, announced that it has successfully raised $15 million in a fresh funding round. The investment was co-led by Maven 11 Capital and Balderton Capital, with additional contributions from Blue Bay Ventures, Signature Ventures,… Read More

January 8, 2024 @ 7:10 pm By Michael Wong  |  

The Fintech sector in India experienced a significant decrease in funding in 2023, securing only $2 billion, a sharp decline of 63% and 76% from 2022 and 2021, respectively, according to a report by Tracxn. In comparison, the sector raised $5.4 billion in 2022 and… Read More