Tagged: venture capital

September 17, 2023 @ 10:39 am By Omar Faridi  |  

Nagraj Kashyap, Priya Saiprasad, and Samir Kumar announced the launch of Touring Capital, a venture capital firm focused on investing in the next generation of early-growth stage, AI-powered SaaS startups around the world. Touring Capital’s founding partners previously “led M12, Microsoft’s Venture Fund, and Qualcomm… Read More

September 16, 2023 @ 9:47 am By Michael Wong  |  

Defense AI firm Helsing has announced raising €209 million in its Series B funding round anchored by General Catalyst and backed by strategic investment from the renowned Swedish group, Saab. Established in 2021, Helsing’s identity is carved as a contemporary defense firm, primarily focusing on… Read More

September 15, 2023 @ 12:45 pm By Michael Wong  |  

Codeless AI infrastructure company Pixis has announced raising $85 million in its recent Series C1 funding round, anchored by Touring Capital and backed by new and returning investors such as Grupo Carso, General Atlantic, Celesta Capital, and Chiratae Ventures. The fresh funding increases Pixis’ total capital… Read More

September 5, 2023 @ 3:16 pm By Omar Faridi  |  

Instant Financial, which claims to be a leading innovator in the financial technology sector, has successfully raised a second funding round led by TTV Capital, a fintech-focused venture capital firm, and an original investor in Instant. The funding round also “saw participation from ITC Holdings… Read More

September 5, 2023 @ 12:45 pm By Omar Faridi  |  

For VCs, the negative impact of Bitcoin’s (BTC) disappointing 2022 run has had long-term adverse effects on the larger crypto and blockchain ecosystem. Although the flagship cryptocurrency has recovered to some extent, surging around 55% during 2023, investments in crypto-related startups have declined for the… Read More

September 4, 2023 @ 9:09 am By Omar Faridi  |  

  High-net-worth investors “remain absolutely convinced” by alternative investments, including venture capital, cryptocurrencies, structured products, and hedge funds – “despite a wider slowdown of inflows into the sector.” The assessment from Nigel Green, the chief executive and founder of deVere Group, comes as media reports… Read More

August 31, 2023 @ 3:43 pm By Omar Faridi  |  

Startups in Latin America are reportedly laying off staff members and are now expecting significantly more initial public offerings (IPOs) by 2024. According to reports, around two-thirds or roughly 67% of Latin American firms have now laid off staff members during the past 18 months,… Read More

August 29, 2023 @ 10:47 pm By Omar Faridi  |  

The funding initiates a multi-year, comprehensive growth roadmap designed to see Maple establish itself beyond DeFi and into the world of traditional finance “as a lending marketplace and technology provider.” As noted in a blog post, Maple has closed “a $5 million strategic funding round.”… Read More

August 28, 2023 @ 8:21 am By Omar Faridi  |  

A total of 808 venture capital (VC) funding deals “worth $8 billion were announced in the UK during January to July 2023,” according to a recent update shared by GlobalData. Both VC funding deals volume and value “witnessed considerable year-on-year (YoY) decline of 28.4% and… Read More

August 26, 2023 @ 12:11 pm By Omar Faridi  |  

Craftgate Technology, a “One-Stop Shop” payment orchestration platform, announces that the company received USD 1 million investment from D-MARKET Electronic Services & Trading (d/b/a ‘Hepsiburada’) (NASDAQ: HEPS), a Turkish e-commerce platform and D4 Ventures, a UK-based venture capital company. Based in İstanbul, Türkiye, Craftgate helps… Read More

August 22, 2023 @ 11:17 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Delphinus Lab, an infrastructure provider that has implemented the first known open-source zkWASM virtual machine that supports trustless computation and application SDKs. zkWASM technology enables developers “to craft zero-knowledge (ZK) applications using… Read More

August 18, 2023 @ 1:24 pm By JD Alois  |  

The percentage of down rounds has increased to a four-year high, according to a recent report by Pitchbook. According to the report, the environment is very “investor friendly” as valuations have gone into reverse. Pitchbook says that “non-traditional investors” drive valuations, and this crew has… Read More

August 16, 2023 @ 5:55 pm By JD Alois  |  

QED Investors, one of the top Fintech venture capital firms in the world, says that “dry powder” is slowly returning to the market following the “champagne hangover” of easy money and huge valuations ruled the day. Venture markets, in general, have dropped dramatically in the… Read More

August 13, 2023 @ 1:52 pm By Omar Faridi  |  

Spearbit, a smart contract audit and security solutions firm with clients such as Polygon, OpenSea, Optimism and more, announced that it “has raised a $7 million funding round led by Framework Ventures, a venture capital firm known for its early entry into decentralized finance (DeFi)… Read More

August 12, 2023 @ 11:25 am By Omar Faridi  |  

Enterprise fintech VC deal activity continued “to decelerate in Q2,” according to a comprehensive update from Pitchbook. VC deal value this quarter has reportedly “decreased 11.9% YoY to $10.6 billion.” Excluding the Stripe deal, VC deal value “was $3.7 billion, representing declines of 69.2% YoY… Read More

August 12, 2023 @ 11:21 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has committed 10 Million USD to Helio Protocol, a project “combining over-collateralized lending of its native decentralized stablecoin, HAY, with staking-as-a-service (StaaS) and LSDfi infrastructure, with approximately combined 300 million USD in total value locked… Read More

August 7, 2023 @ 8:43 am By Omar Faridi  |  

Ribbit Capital, a Palo Alto, California-headquartered venture capital firm, has reportedly secured around $800 million as part of its latest Fund. As noted in a regulatory form filed with the US Securities and Exchange Commission (SEC), there are a total of 247 investors that have… Read More

August 6, 2023 @ 4:00 pm By Omar Faridi  |  

Venture funding on Carta inched upward in Q2. Startups combined “to raise more than $15.4 billion in funding during the second quarter of 2023, up 26% from Q1.” In several other areas of the venture landscape, “such as early-stage valuations and late-stage deal counts, the… Read More

August 5, 2023 @ 6:17 am By Omar Faridi  |  

Investment in Australian startups over the first six months of 2023 “fell to US$1.11 billion, compared to US$3.64 billion over the corresponding period in 2022,” according to newly released data from KPMG. The latest numbers from the KPMG Private Enterprise Venture Pulse report shows that… Read More

August 1, 2023 @ 11:55 am By JD Alois  |  

The Baltic states have gained the largest percentage of private equity and venture capital out of the European Union and the UK, according to a recent report. S&P Global Market Intelligence says Latvia, Lithuania, and Estonia had the highest percentages in their respective private business… Read More