Formation 8

Bolt Threads is raising $106 million from Foundation Capital and Formation 8

Our spidey senses are tingling over here. According to an SEC filing, TechCrunch has learned Bolt Threads, the biotech company spinning microbes into spider silk, is raising a whopping $106 million in

Nike-backed Grabit has quietly raised $25 million for robots that handle what others can’t grasp

Robot arms have come a long way since the 1960’s when George C. Devol and Joseph Engelberger created the earliest industrial models. Those had two-finger grippers that, in retrospect, look fit to pl

Robot tutor Musio makes its retail debut in Japan

A cute, robotic language tutor called Musio, has made it from crowdfunding campaign to full-fledged product with a debut in stores this week in Japan. Priced at JPY 98,000 (about US $900), Musio is no

Formation 8 founder Jim Kim and longtime VC Paul Lee partner on a new fund called Builders

Jim Kim, who most recently co-founded the venture firm Formation 8, is launching a brand-new venture firm called Builders that looks to be raising a $200 million fund, judging by a recent SEC filing.

Memebox raises $66M for its e-commerce platform for Korean beauty products

Memebox, an e-commerce company specializing in beauty products from Korea, has closed a significant $65.95 million Series C funding round to fuel further expansion.

Bolt Threads raises $50 million to brew spider silk, inks deal with Patagonia

If the idea of wearing spider silk intrigues, the idea of managing a farm full of spiders isn’t all that appealing. A startup called <a target="_blank" href="https://boltthreads.com">Bolt Threads</a

Venerable audio company Bowers & Wilkins bought out by Gideon Yu’s EVA Automation

Bowers & Wilkins, an audio gear brand that has been familiar to millions for decades, is being bought out by EVA Automation, a two-year-old company that has never released a product. Yet the old c

Branch.co raises $9.2 million to bring financial services where banks don’t go

San Francisco-based Branch International, or Branch.co, raised $9.2 million to bring digital financial services to mobile phone users in Sub-Saharan Africa. Andreessen Horowitz led the Series A round.

Korea’s Yello Mobile Raises $47M More At A $4B Valuation Led By Formation 8

Korea’s Yello Mobile has made a name for itself raising $100 million and using it to hoover up more than 80 startups to build its mobile apps business, which now serves 18 million users. N

VR Live Streaming Platform NextVR Raises $30.5M Series A

NextVR, a startup that promises to give consumers rich VR experiences for live events has raised a $30.5 million Series A led by Formation 8 the WSJ reports. Notably the raise was also participated

Formation 8 Axes Plans For Third Fund, Lonsdale Now Raising $400M For “8 Partners”

We’ve heard about consolidation in the word of startups; today comes some news about a thinning of the ranks among VCs. Formation 8 — the VC firm co-founded by Palantir’s Joe Lon

Construction App Fieldwire Raises $6.6 Million, Led by Formation 8

Fieldwire, a San Francisco-based mobile and web platform designed to make collaboration on construction projects more efficient, has raised $6.6 million in fresh funding led by Formation 8. Other p

NodePrime Raises $7M In Seed Funding To Help Companies Manage Their Data Centers

Managing a complex modern IT infrastructure is hard. NodePrime, a San Francisco-based startup that's emerging from stealth today, wants to make it easier for companies to map, monitor and control thei

Hyperloop Technologies Is Raising $80M, Names Ex-Cisco Pres Rob Lloyd CEO, Emily White As Advisor

Some big moves ahead for Hyperloop Technologies, the LA-based futuristic tubular transportation startup with high ambitions to rethink high-speed transportation services to “work anywhere and li

Neighborly Raises $5.5M From Joe Lonsdale’s Formation 8, Ashton Kutcher To Transform The Municipal Debt Market

For American cities that need to raise millions or billions of dollars to finance projects from local parks to suspension bridges, the fractal-like complexity of global financial markets means that fu

Cazena Raises $20M Series B For Its Enterprise Big Data-As-A-Service Platform

Cazena, a new platform that wants to make it easier for enterprises to process their data, today announced that it has raised a $20 million Series B round led by Formation 8. Other participants includ

Venture Capital Firm Formation 8 Dropped From Sexual Assault Lawsuit

Venture capital firm Formation 8 has been removed as a defendant in a lawsuit filed in January against tech entrepreneur and investor Joe Lonsdale from a former girlfriend alleging sexual assault, bat

Formation 8 And Palantir Founder Joe Lonsdale Named In Sexual Assault Lawsuit

Joe Lonsdale, the technology executive best known as the co-founder of Palantir and a partner of venture capital firm Formation 8, has been accused of sexual assault, sexual harassment, and other char

Formation 8 Hires Flextronics Exec Lior Susan To Lead Hardware Investments

Venture firm Formation 8 has been on a bit of hiring spree recently, bringing on multiple partners and advisors over the past few months. Today it’s announcing Lior Susan will be joining the firm to

Formation 8 Closes Its $500 Million Second Fund

Formation 8, the investment firm founded by Joe Lonsdale, Brian Koo and Jim Kim, has closed its second fund, the company is announcing today. The new fund will give Formation 8 another $500 million to
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