Steve Jurvetson and Maryanna Saenko on their new fund, SPACs and the great tech exodus

Future Ventures — cofounded by Silicon Valley venture capitalist Steve Jurvetson and Maryanna Saenko, a colleague of Jurvetson at his last firm, DFJ, as well as an investor previously with Airbus Ventures and Khosla Ventures — has closed its second fund with $200 million in capital comm

Visa will not acquire Plaid after running into regulatory wall

Visa and Plaid called off their agreement this afternoon, ending the consumer credit giant’s takeover of the data-focused fintech API startup. The deal, valued at $5.3 billion at the time of its announcement, first broke cover on January 13, 2020, or nearly one year ago to the day. However, t

Sono Motors plans to license the tech that powers its solar electric car

Sono Motors wants to bring technology it developed for its solar electric car to the masses. And it’s starting with autonomous shuttle startup EasyMile. The German-based startup said Tuesday during a presentation at the virtual 2021 CES tech trade show that it will license its solar body pane

Techstars names Maëlle Gavet CEO as the accelerator group looks to expand

This morning Techstars, a network of startup accelerators and a venture capital fund, announced that Maëlle Gavet is its new CEO. Former CEO and co-founder David Brown will stay on Techstars’ board, while the group’s other co-founder, David Cohen, will become the chairman of its board.

Is there still room in the cloud-security market?

While the initial shock of the COVID-19 pandemic has subsided for businesses, one of its main legacies is how it ushered in a tidal wave of accelerated digital transformation. A recent Twilio survey revealed that 97% of global enterprise decision-makers believe the pandemic sped up their company

Nielsen says ‘The Office’ was the most popular streaming series of 2020

Because streaming services only release viewership numbers selectively, and because each one uses its own methodology, it can be hard to compare the popularity of different streaming shows and movies. So Nielsen, which provides the standard ratings for traditional TV (and is working to combine thos

Weber acquires smart cooking startup June

Outdoor cooking industry leader and famed kettle-grill-maker Weber has acquired June, the smart cooking startup founded in 2013 by Matt Van Horn and Nikhil Bhogal. While financial terms of the deal weren’t disclosed, Weber has confirmed that June will continue to operate as its own brand whol

These 5 VCs have high hopes for cannabis in 2021

Cannabis has always been essential to some. While it had seemed to start last year in a bit of a correction, demand for it during the pandemic (and its widespread designation as an essential business), created a breakthrough for the industry. We saw early signs of that in our cannabis investor surv

E-commerce infrastructure startup Nacelle closes $18M Series A

Consumer online shopping habits have led to a windfall of revenues for these web storefronts, but COVID-era trends have also breathed new life into the market for developer tools that help e-commerce sites operate more smoothly for shoppers. LA-based Nacelle is one of many e-commerce infrastructure

Gett raises $115M for its on-demand ride-hailing platform for business users

As ride-hailing companies like Uber and Lyft continue to find their feet in a new landscape for transportation services — where unessential travel is being actively discouraged in many markets and people remain concerned about catching the coronavirus in restricted, shared spaces — a sm

Gig workers, SEIU file lawsuit alleging Prop 22 is unconstitutional

A group of rideshare drivers in California and the Service Employees International Union filed a lawsuit today alleging Proposition 22 violates California’s constitution. The goal of the suit is to overturn Prop 22, which classifies gig workers as independent contractors in California. The su

Descript raises $30M to build the next generation of video and audio editing tools

The popularity of podcasting and online video shows no signs of slowing down, and so we continue to see a wave of creators publishing a profusion of audio and video content to fill out the airwaves. Today, a company building a platform to make that work easier and more interesting to execute is ann

Vantage makes managing AWS easier

Vantage, a new service that makes managing AWS resources and their associated spend easier, is coming out of stealth today. The service offers its users an alternative to the complex AWS console with support for most of the standard AWS services, including EC2 instances, S3 buckets, VPCs, ECS and F

Eden office management platform rebrands to Eden Workplace

Eden, the office management platform that has raised nearly $70 million since inception, is today making a tweak to its nomenclature to reflect its push into SaaS tools. Henceforth, the startup will be called Eden Workplace. “We had a lot of clients in different categories like retail, some i