Indonesian VC firm Intudo raises $125M across two funds

Intudo, the Indonesia-only venture capital firm, said it has raised $125 million across two investment funds — $75 million for Intudo Ventures IV, and $50 million for another fund that will invest in downstream natural resources and renewable energy. Intudo said Fund IV will invest in Indonesian

VCs on how to ‘survive and thrive’ after a down round

Founders hope that their startups continually raise larger funding rounds at escalating valuations. But unexpected challenges, such as a global health crisis or a sudden surge in interest rates, can have a significant impact on a company’s ability to maintain its valuations. Some of these st

Former Raya, Dispo exec has a new fund for the biggest out-of-favor tech: consumer

The idea of one day becoming a venture capitalist always loomed in the back of TJ Taylor’s mind. After all, he had an extensive tech background. He co-founded a stock app and worked in community at the dating app Raya and the photo-sharing app Dispo. After leaving Dispo at the end of 2022 h

Faber launches third VC fund with $34M first close, aims for $64M

The startup ecosystem in the Iberian Peninsula — the region encompassing Spain and Portugal — has been on a roll the last couple of years. The value of Spanish startups surpassed €100 billion in 2023, according to Dealroom data, with venture investment of €2.2 billion across some 850 r

AI startups will need ‘quality of revenue’ to raise in 2025, seed VCs warn

Fundraising in 2025 will continue to be a “tale of two cities,” VC Renata Quintini, co-founder of early-stage VC Renegade Partners, said onstage at technewss Disrupt last week. “Some companies, really having the promise of going after big markets growing fast, [will be] receiving a lot of f

‘If you actually are solving a problem, you don’t talk about any of the hype,’ investor says

The hype is palpable: As tech folks from near and far converge for technewss Disrupt 2024 in San Fransisco — one of the only places where Waymo is available to the public — there’s ample chatter about the autonomous vehicle service. “If you think about AI hype and all, eve

Wesley Chan on what he looks for as he’s shopping for potential unicorns

Investor Wesley Chan has shown a knack for making very early investments into multi-billion-dollar unicorns, such as Plaid, Gusto, Flexport, and, most recently, Canva. Chan comes from an unconventional background — he grew up in an immigrant family and had only middling grades in high school. Bu

Microsoft and a16z set aside differences, join hands in plea against AI regulation

Two of the biggest forces in two deeply intertwined tech ecosystems — large incumbents and startups — have taken a break from counting their money to jointly plead that the government desist from even pondering regulations that might affect their financial interests, or as they prefer to call t

The Chainsmokers want to bring a different kind of value add to B2B companies

The potential value a celebrity investor can bring to a consumer company, beyond just writing a check, is obvious: marketing and promotion. But that value is less clear when it comes to backing B2B startups. Alex Pall and Drew Taggart, also known as the Chainsmokers, think their VC fund Mantis VC c

African ‘gender equal’ VC Janngo Capital closes second fund at $78M

African venture capital firm Janngo Capital has closed its second fund at €73 million (about $78 million), 20% more than its initial target of €60 million (about $63 million). The firm marked the first close of the fund at €34 million in 2022, roping in limited partners such as the African

Vinod Khosla calls out Trump’s ‘depraved values’ and Musk’s role in spreading misinformation

Storied investor Vinod Khosla, founder and partner at Khosla Ventures, and more recently one of the first checks into OpenAI, veered off topic during a Monday interview at technewss Disrupt 2024 focused on the future of AI. After talking about AI’s future and risks, he took a moment to deliv

Benchmark is raising $170M for its latest partners-only fund

While fund sizes of many venture capital firms have ballooned into billions of dollars over the last decade, Benchmark Partners, one of Silicon Valley’s most successful investors, has stuck to raising approximately $425 million in capital every few years.  That’s what the storied

Investments in generative AI startups topped $3.9B in Q3 2024

Not everyone is convinced of generative AI’s return on investment. But many investors are, judging by the latest figures from funding tracker PitchBook. In Q3 2024, VCs invested $3.9 billion in generative AI startups across 206 deals, per PitchBook. (That’s not counting OpenAI‘s

Joseph Jacks bets on open source startups, a ‘paradox of philanthropy and capitalism’

Open source might be many things, but one thing it’s not is a business model — by most estimations, at least. However, that hasn’t stopped Joseph Jacks and OSS Capital from seeking some of the earliest-stage, open source startups and funding them through their formative years. Th