Tag: category-/Business & Industrial/Business Finance/Venture Capital

Mercury opens bank for startups with funding from Andreessen Horowitz partner

How’s this for a change? A venture capital firm partner is investing money in a bank so it can lend that money to tech startups. That’s what is happening with Mercury, a bank for startups backed by Andreessen Horowitz partner Alex Rampell. Mercury provides bank accounts built specifically for startups by combining Federal Deposit Insurance […]

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Proof of Capital launches $50 million blockchain venture fund

Blockchain venture funds are multiplying. Today, Proof of Capital announced a $50 million VC fund to invest in blockchain technologies using the decentralized, transparent, and secure technology behind cryptocurrencies and other innovations. The fund’s mission is to build an internet ecosystem that belongs to everyone and ushers in worldwide adoption of blockchain technology. Proof of […]

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Google’s Gradient Ventures invests in AI insurance underwriting startup Flyreel

Artificial intelligence (AI) is infiltrating just about every industry, and insurance, it seems, is no different. Flyreel, a Denver, Colorado-based startup that claims to have “the most advanced” AI product for property insurance underwriters, has today announced it has raised $3.85 million in a round of funding led by Google’s Gradient Ventures, with participation from […]

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This fintech startup is taking on the payments world — and winning (VB Live)

Only 1 out of 10 fintech startups get off the ground — so what’s their secret? Our panel of industry experts, including SnapCheck co-founder Ken Kruszka, will cover what it takes to be an industry disrupter, plus answer your questions in an interactive Q&A. Register for this VB Live event to learn how to go […]

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A fintech VC explains how to go from big idea to big money (VB Live)

What’s the difference between fintech startups that fail and the ones that disrupt entire industries? Find out first-hand from VCs and successful founders in this VB Live event, and get your own questions answered, too. It’s everything you need to travel the path from big idea to successful company. Register here for free. “Every area […]

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1,000 female VCs are building the world’s largest self-reported directory

Venture funding in female-founded businesses has remained painfully stagnant at only 2.2 percent for two years in a row. Insiders expect that figure to begin trending upwards, albeit slowly. A new survey of female founders reveals that a mere 8 percent feel supported by the venture community. The sluggish growth of female leadership in venture […]

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NPD partners with IGDA to give developers market insights

The NPD Group is one of the only firms that tracks game sales in the United States. That data shapes publishing decisions, and now smaller studios can access that data easier. The NPD Group revealed today that it is sponsoring the International Game Developers Association trade group. As a perk of that partnership, it plans […]

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Lyft IPO could raise $2.1 billion at $18.5 billion valuation

Ride-hailing startup Lyft hopes to raise up to $2.1 billion in its IPO as it launches a roadshow to drum up investor support. Starting this week, the company will begin meeting directly with large investment funds to answer questions and ease concerns that the company is bleeding massive amounts of red ink, even as ridership […]

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GDC chief Katie Stern interview — What keeps game developers up at night?

Katie Stern took over as general manager of GDC Events in August 2017. Since then, she has learned more about what keeps game developers up at night. We talked to Stern last week as final preparations were underway for the Game Developers Conference 2019, which starts on Monday, March 18 and runs through Friday, March […]

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YieldStreet raises $62 million to simplify alternative investments

Alternative investments like manufacturing financing, real estate debt, and loans have historically been the stuff of hedge funds and large private equity firms. But Milind Mehere, cofounder of Yodle, an internet marketing and advertising company that was acquired by Web.com for $342 million, wants to change that. That’s why in 2015 he teamed up with […]

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Catapult Ventures launches with $55 million seed fund for AI startups

Artificial intelligence (AI) is no longer the stuff of science fiction. Sure, there is still much hyperbole around certain applications of AI (and whether they truly can be called AI), but with smart speakers topping Christmas shopping lists and commercial driverless taxi services now in operation, AI is more science fact than ever. Against that backdrop, a […]

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Seattle’s VC firms raised more new funds in 2018 than they had in 10 years

Seattle’s far from a nascent startup ecosystem, but despite the presence of tech giants like Microsoft and Amazon, the city still lags behind other tech ecosystems like Boston and New York City in terms of venture capital raised. Now, a new indicates that Seattle is starting to make progress on that front. Today, the University […]

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InReach Ventures, which uses AI to find the next big European startups, closes $60 million fund

A quick scan of the venture capital (VC) landscape reveals many funds have a specific raison d’être that helps summarize it in a nutshell: some are focused on one specific region, for example, while others are geared toward a specific kind of technology or stage-specific company. London-based InReach Ventures’ big pitch is that it is the “AI-powered VC firm,” […]

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Canadian venture capital firm Framework Venture Partners launches $115 million AI startup fund

Canada’s artificial intelligence (AI) startup scene is certifiably red hot. Companies like Element AI, Rubikloud, Interset, Mnubo, and Maropost have collectively raised close to $200 million alone, and in the second quarter of 2018, Canadian AI startups attracted $169 million (CAD $222 million) in venture capital financing — up 104 percent year over year. That’s […]

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Index Ventures leads $34 million round for France’s Lunchr

Lunchr announced today that it has raised a round of $34 million in venture capital as it seeks to disrupt the French market for corporate meal benefits. The round was led by Index Ventures, but also includes money from Daphni, Idinvest, and Kima Ventures. The company was founded in 2016 by Loïc Soubeyrand, who had previously co-founded adtech […]

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Slack confidentially files for IPO

Slack has finally filed to go public, in what will be one of the most hotly anticipated initial public offerings (IPOs) from the technology industry in 2019. The San Francisco-based cloud collaboration platform, which was launched back in 2013, was one of a number of technology companies expected to go public in 2019. Other notable […]

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La French Tech faces its next challenge: How to go big

More than five years after the French government launched an ambitious entrepreneurship program, the so-called “French Tech” movement has made considerable progress. But a new venture funding report also highlights the immense challenges that remain for this nation’s startup ecosystem. The latest French Tech report card by C.B. Insights revealed that in 2018 France’s startups […]

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Techstars launches program to assist growing startup communities, starting in Buffalo

Techstars, the Boulder, Colorado-based organization most well-known for its global accelerator programs, announced today that it is launching a “multi-year startup ecosystem development program,” starting in Buffalo, New York. Details on the project so far are slim, but Techstars will be hiring an employee who will be based out of Buffalo to help the startup […]

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Salesforce Ventures: 65% of our U.S. investments were outside Silicon Valley in 2018

Some of the biggest Heartland success stories in recent years, from Utah’s Qualtrics to Indiana’s ExactTarget, have been enterprise software companies. Middle America has a high concentration of Fortune 5000 companies, giving these startups crucial proximity to necessary customers while being able to keep costs low by operating in a cheaper part of the country. […]

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Peter Thiel’s Valar Ventures leads $30 million investment in next-gen credit card startup Petal

Petal, a fintech startup that offers credit cards to people without credit scores, has raised $30 million in a series B round of funding led by Peter Thiel’s Valar Ventures, with participation from a host of other investors, including Greyhound Capital, Third Prime Capital, RiverPark Ventures, the Social Entrepreneurs’ Fund, Brooklyn Bridge Ventures, Afore Capital, […]

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