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

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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Iceland Venture Studio debuts $5 million fund to help pioneering tech startups

Iceland Venture Studio is unveiling a $5 million investment fund and coaching program to help grow tech startups in Iceland. Reykjavík, Iceland-based Iceland Venture Studio has raised more than $1 million of the fund and is now in the process of raising the remainder, said Bala Kamallakharan, founder and CEO of both Iceland Studio Venture and […]

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In the Southeast, female-led investor groups are working together to improve representation

A number of reports have highlighted the Southeast as a good place for high-potential female entrepreneurs, thanks to its proximity to high-quality tech education, talent, support organizations, and mentorship. What’s less discussed is the other side of the equation: the state of the region’s female investor population. The two topics are intertwined. One of the […]

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Heartland Tech Weekly: These states had promising VC funding increases in 2018

With the books closed on the last few venture capital deals of 2018, we have some more definitive insights into how Heartland startups fared fundraising last year compared to years prior. According to a report issued by PitchBook and the National Venture Capital Association, startups, U.S. startups raised $130 billion last year. As it has been for […]

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A look at the PayPal Mafia’s continued impact on Silicon Valley

Before Elon Musk, Peter Thiel, and Reid Hoffman were billionaire investor-entrepreneurs, they were executives at PayPal in the 1990s. They, and over a dozen other early executives at the company, including Max Levchin, David Sacks, and Keith Rabois, have become known as the PayPal Mafia, Silicon Valley’s most famous network of serial entrepreneurs and venture […]

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How big was 2018 for VC? Historic.

PitchBook and NVCA released the 4Q 2018 Venture Monitor Thursday, and the headlines since have focused on what was a blockbuster year for capital raised by VC funds, invested into startups, and exited from VC-backed companies. Limited partners committed $56 billion to 256 U.S. venture funds closed last year; nearly 8,383 venture-backed companies raised more […]

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4 trends that will shape the Southeastern startup ecosystem in 2019

2018 was the year big tech announced it was leaving the West Coast and moving to the middle of the country and to the other coast. Apple, Amazon, and Google all announced expansions of their campuses in other locations. Austin was the only Southern city to be rewarded one of these new campuses — with Nashville […]

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Norwest Venture Partners: Will 2019 bring a downturn or more IPOs?

Norwest Venture Partners was busy in 2018. The venture firm had $7 billion under management and invested $650 million this year. It made 70 new and follow-on investments, with 14 noteworthy liquidity events (acquisitions or initial public offerings). Norwest’s portfolio now boasts 140 active companies, and its big deals included the Spotify IPO, LinkedIn’s acquisition […]

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HubSpot launches $30 million fund for SaaS startups

HubSpot today announced the launch of HubSpot Ventures, a $30 million fund to support enterprise startups raising early-stage funding. The newly formed investment arm of the marketing and sales company will support seed, Series A, and Series B rounds, with limited support for Series C rounds. HubSpot has previously invested in a collection of marketing […]

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The hidden risk in the startup economy

The startup economy of today is eerily similar to the banking sector of 2007 right before the financial crisis. In testimony to Congress about the causes of that crisis, Ben Bernanke said: “The propensity for excessive risk-taking by … interconnected firms must be greatly reduced.” We’re seeing that kind of dangerous interconnectedness again — this time […]

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China’s VCs show new interest in backing foreign-bred startups

China’s venture capitalists are changing their game. Where it’s previously been difficult for foreign startups to get Chinese VC funding, Chinese VCs are beginning to look at foreign-born startups with significant interest. Shanghai-based Wei Zhou, founder and CEO of XNode, has a unique vantage point of China’s embrace of foreign innovation: XNode is a high-profile […]

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