Tagged: venture capital

July 10, 2023 @ 5:51 pm By Emily Strack  |  

Venture capital financing plays a crucial role in funding the growth and expansion of startups. However, the path to success is not always smooth, and companies may, at certain points in their lifecycle, need to raise capital on less-than-ideal terms. In today’s challenging economic climate,… Read More

July 6, 2023 @ 12:38 pm By Omar Faridi  |  

According to McKinsey‘s Web3 report, the financial-services industry has primarily adopted some of these nascent digital technologies and assets. At its peak, the daily volume of transactions “processed on so-called decentralized finance exchanges exceeded $10 billion, with various market fluctuations felt in the last twelve… Read More

July 5, 2023 @ 10:50 am By Omar Faridi  |  

VC activity ticked up in Q1 based on OpenAI’s unconventional corporate investment from Microsoft, according to an update from Pitchbook. Pitchbook has reportedly tracked $22.7 billion in investment during the quarter, “including $12.7 billion from generative AI investments including OpenAI.” If OpenAI’s deal is excluded,… Read More

June 30, 2023 @ 7:33 pm By Omar Faridi  |  

Gr4vy, the Cloud-native payments infrastructure company, announced a new investment from W23, Woolworths Group’s venture capital arm. This strategic investment expands “on an existing partnership and reflects continued confidence in Gr4vy from Australia and New Zealand’s largest retailer.” Gr4vy previously “raised $27.2M in total funding… Read More

June 29, 2023 @ 7:26 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance (which has been sued by US regulators for a wide range of issues), continues to support the growth of the DeFi sector and has participated in a strategic funding round for Maverick Protocol, a DeFi… Read More

June 25, 2023 @ 4:53 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has led a $10 million funding round for Neutron as part of its ongoing drive to support the development of secure DeFi infrastructure and tooling. The investment round was “co-led by CoinFund, with participation from… Read More

June 20, 2023 @ 11:04 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, which has been sued by US regulatory authorities and faces a wide range of regulatory/operational challenges, has made an investment in the five “best-performing” projects of Season 5 of its Incubation Program. More than 900… Read More

June 20, 2023 @ 11:31 am By Omar Faridi  |  

Venture capital (VC) funding activity in the US experienced a significant decline from January to May 2023. A total of 3,532 VC funding deals of worth $55.3 billion “were announced in the US during the period.” This represents “a year-on-year (YoY) decline of 36.4% in… Read More

June 16, 2023 @ 9:34 am By Omar Faridi  |  

VC firm Molten Ventures has reportedly written down its current holding in digital banking platform Revolut by a sizeable 40%. This move is adding to the Fintech firm’s recent challenges as it struggles to obtain a UK banking license. Molten Ventures has discounted the value… Read More

June 15, 2023 @ 10:52 pm By Omar Faridi  |  

Venture capital firm Menlo Ventures announced a new partner: Amy Wu. Amy joins Menlo “to grow the firm’s consumer and gaming practice and build on Menlo’s track record, which includes early investments in well-known consumer companies like Chime, Pillpack, Poshmark, Roku, Rover, Siri, Uber, and… Read More

June 14, 2023 @ 6:17 am By Omar Faridi  |  

Sequoia India & Southeast Asia, the “largest” venture capital firm in the region which manages over USD 9.2 billion across 13 funds, will now be known as Peak XV Partners globally. The rebranding has “come after Sequoia Capital (US/Europe), Sequoia China and Sequoia India & Southeast… Read More

June 3, 2023 @ 10:47 pm By Omar Faridi  |  

Binance Labs, the venture capital arm and accelerator of Binance, has co-led a $6.6 million seed funding round for Fusionist, a Web3 gaming company, alongside Web2 gaming giant FunPlus in May 2022. The move aligns “with Binance Lab’s commitment to supporting early-stage Web3 gaming projects… Read More

May 30, 2023 @ 3:24 pm By Omar Faridi  |  

The team at Cogito Protocol is pleased to share their exciting new collaboration with Unicorn Ventures, a “community-backed” venture capital fund focusing on decentralized finance, metaverse, and blockchain gaming. Together with their partner, they strive “to grow Cogito and their ecosystem’s adoption.” They share a… Read More

May 26, 2023 @ 2:04 am By Omar Faridi  |  

SC Ventures, Standard Chartered’s (LON: STAN) innovation, fintech investment and ventures arm, has exited its stake in Metaco SA, a Swiss-based tech firm offering critical software infrastructure that enables institutions to issue, secure, manage and trade digital assets. SC Ventures was “one of the early… Read More

May 24, 2023 @ 9:03 am By Omar Faridi  |  

Global fintech venture capital firm QED Investors announced that it has closed two new funds with combined capital commitments of $925 million. The new capital commitments comprise Fund VIII, “an oversubscribed $650 million early stage fund, and Growth II, a $275 million early growth-stage fund.”… Read More

May 21, 2023 @ 9:20 am By Omar Faridi  |  

Over twenty blockchain teams and venture funds have teamed up to launch a $50 million Cross-Chain Ecosystem Fund “focused on backing and growing new startups that leverage the Wormhole cross-chain messaging protocol.” The Cross-Chain Ecosystem Fund is “being managed and operated by Borderless Capital, a… Read More

May 10, 2023 @ 12:22 pm By Omar Faridi  |  

CMFG Ventures, the venture capital arm of CUNA Mutual Group, has announced a strategic investment in DataVisor, a global firm focused on online fraud detection and risk management for financial services and ecommerce, as they expand their services into the credit union market. Credit unions… Read More

May 6, 2023 @ 1:46 pm By Omar Faridi  |  

VentureWave, an Irish-based venture private equity group committed to impact investing and supporting high-impact entrepreneurs, and Funderbeam, an online investing and trading platform that serves individual investors, have agreed “to enter into a transaction to create a leading global entity which will serve institutional and… Read More

May 4, 2023 @ 8:26 am By Omar Faridi  |  

The transformation of the venture capital industry over the past year has been “stark,” according to a recent update shared by Carta. Carta writes in a blog post that the total venture capital “raised by startups plunged 80% from Q1 2022 to Q1 2023.” Venture… Read More

April 27, 2023 @ 9:40 am By Omar Faridi  |  

DFlow, a “decentralized” payment for order flow (PFOF) protocol that enables wallets and crypto trading applications to sell their flow to best-execution market makers via open and permissionless auctions, announced that it has successfully raised a $5.5 million funding round led by Framework Ventures, a… Read More