Venture

Our venture capital news features interviews and analysis on all the VCs, the VC-backed startups, and the investment trends that founders, investors, students, academics – and anyone else interested in the way that tech is transforming the world – should be tracking.

Featured Article

Haun Ventures is riding the bitcoin high

Haun Ventures has made 48 investments, including some of its token positions, across its early-stage $500 million and $1 billion later-stage acceleration funds.

4:24 pm PDT • May 1, 2024
Haun Ventures is riding the bitcoin high

Hyde Park Venture Partners is known for having visibility into more than 90% of mid-continent startups and being early backers of companies like ShipBob, FourKites, G2, LogicGate and Dentologie.

Chicago-based Hyde Park Venture Partners closes $98M Fund IV with two investments made so far

When Joanna Strober was around 47, she stopped sleeping. While losing sleep is a common symptom of perimenopause, she first had to go to multiple providers, including driving 45 minutes…

Midi is building a digital platform for an oft-overlooked area of women’s health

Shinkei raised $6 million to help it go from pilot to production, with a goal of 10 machines in actual use by the end of the year.

Shinkei’s humane, quality-preserving fish-harvesting tech could upend the seafood industry

Intuition, a new VC firm based in Paris, is doing something radical by betting on consumer tech as its exclusive investment vertical.

As VC firms invest more in B2B startups, Intuition is a new VC fund focusing on consumer tech

Gideon Valkin’s solo VC firm Andrena Ventures is raising $12 million from backers, including several VCs and entrepreneurs, and made its first investment into AI startup Nustom.

Solo GP fund Andrena Ventures hopes to carry startup talent onto its next challenges

Featured Article

Inside the ‘cold war’ at Techstars as CEO Maëlle Gavet hires, fires, fights to force change

Financial losses, founder revolts, public firings and overflowing office sewage mark the storied institution’s annus horribilis.

1:00 pm PDT • April 29, 2024
Inside the ‘cold war’ at Techstars as CEO Maëlle Gavet hires, fires, fights to force change

Kubik, a plastic upcycling startup, has raised a $1.9 million seed extension, months after announcing initial equity investment. The startup’s latest investment is from African Renaissance Partners, an East African…

Ethiopian plastic upcycling startup Kubik gets fresh funding, plans to license out its tech

Givebutter recently raised $50 million for its CRM platform for nonprofits as startups building tech for that industry gain momentum.

Deal Dive: Givebutter is turning a profit making tech for nonprofits

Featured Article

The ‘valley of death’ for climate lies between early-stage funding and scaling up

It’s easier for climate companies to get enough funding to get started. It’s much harder once they need money to scale.

8:00 am PDT • April 27, 2024
The ‘valley of death’ for climate lies between early-stage funding and scaling up

Asheem Chandna says he was so impressed with founder Bipul Sinha’s grit and tech, he led Rubrik’s $40 million Series B in 2015.

How Rubrik’s IPO paid off big for Greylock VC Asheem Chandna

The OpenAI Startup Fund, a venture fund related to — but technically separate from — OpenAI that invests in early-stage, typically AI-related companies across education, law and the sciences, has…

OpenAI Startup Fund quietly raises $15M

Global Founders Capital, the Berlin-based early-stage VC firm with close ties to the German startup factory Rocket Internet, is going to become the venture arm of Rocket Internet. The VC…

Global Founders Capital will deploy Rocket Internet’s cash instead of raising a new fund

xAI, Elon Musk’s 10-month-old competitor to the AI phenom OpenAI, is raising $6 billion on a pre-money valuation of $18 billion, according to one trusted source close to the deal.…

xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X, his social network, is already one of its shareholders

The Federal Trade Commission voted 3-2 to ban the use of most noncompete agreements on Tuesday. This ruling means companies can’t require employees who aren’t senior executives to wait a…

The FTC’s ban on noncompete clauses could be good for startups. But it also might be struck down.

Norwest Venture Partners, a 65-year-old firm backed solely by Wells Fargo, has raised its 17th fund at $3 billion. That’s a noteworthy number, given that NVP last raised the same…

Norwest Venture Partners raises $3B for 17th vehicle, maintaining fund size despite market downturn

This share price gives Rubrik a fully diluted valuation of $6.6 billion, up 88% from its last primary valuation of $3.5 billion in 2019.

Rubrik’s shares end trading up almost 16% on the company’s public debut

Advances in generative AI have taken the tech world by storm. Biotech investors are making a big bet that similar computational methods could revolutionize drug discovery. On Tuesday, ARCH Venture…

Xaira, an AI drug discovery startup, launches with a massive $1B, says it’s ‘ready’ to start developing drugs

Eniac has raised $60 million for Select 1, the firm’s vehicle for follow-on later-stage investments, and $160 million for Eniac VI.

Seed-stage firm Eniac Ventures raises $220M across two funds

Stainless, a startup building a platform to generate SDKs from APIs, has raised a seed round of funding from Sequoia.

Stainless is helping OpenAI, Anthropic and others build SDKs for their APIs

Conversational AI platform Parloa has nabbed $66 million in a Series B round, a year after it raised $21 million from a swathe of European investors to propel its international…

Parloa, a conversational AI platform for customer service, raises $66M

Madica, an investment program launched by U.S.-based investor Flourish Ventures to back pre-seed startups in Africa, plans to invest in up to 10 ventures by the end of the year,…

Madica, a program by Flourish Ventures, steps up pre-seed investing in Africa

Featured Article

French startup FlexAI exits stealth with $30M to ease access to AI compute

With the current iteration of its product going through its paces with a handful of beta customers, FlexAI will launch its first commercial product later this year.

10:37 pm PDT • April 23, 2024
French startup FlexAI exits stealth with $30M to ease access to AI compute

News that the former founder of HeadSpin is headed to prison for fraud was further evidence that the last boom in the paired worlds of startup and venture capital led…

Although many students in the United States enter community colleges intending to transfer to four-year universities, only 16% of those students receive bachelor’s degrees within six years. But Campus, an…

Campus, a community college startup, receives $23M Series A extension led by Founders Fund

Featured Article

Fintech Fundid was shut down over interest rates and a strained cap table

To keep going, Fundid “needed to put up a lot more collateral because of the changing environment,” Stefanie Sample said.

6:20 am PDT • April 23, 2024
Fintech Fundid was shut down over interest rates and a strained cap table

Bump allows creators to track income and market value, which can help them negotiate better deals and see how much money they are owed from partners.

Bump raises $3M seed to help creators manage finances

Last week, TechCrunch broke the news that the workforce management software outfit Rippling was on the cusp of closing a new, $200 million round of funding at a hefty $13.4…

Rippling’s Parker Conrad on the company’s new round, new SF lease and, also, its newest critic

Venture capital activity in Africa has shown resilience over the past six months, with major firms on the continent closing their funds despite the ongoing funding winter. In the latest…

TLcom Capital closes second fund at $154M to back early-stage startups across Africa

Following its first close with limited partners, including Eutelsat, the early-stage fund will build a global portfolio of 30 startups that will be backed at the seed and Series A…

Seraphim Space launches second VC fund with 9 investments already under its belt