If you didn't make $1B this week, you are not doing VC right

The only thing more rare than a unicorn is an exited unicorn. At technewss, we cover a lot of startup financings, but we rarely get the opportunity to cover exits. This week was an exception though, as it was exitpalooza as Affirm, Roblox, Airbnb and Wish all filed to go public. With DoorDash'

Astanor Ventures launches $325M Impact Fund aimed at food tech and ag tech startups

We can all, by now, ascribe to the idea that something has changed in the last few months. Like it or not, business is not as it was. If we were true to ourselves, we would admit that our lives will never be the same again. But parallel to this visceral feeling is the quite clear and objective trut

S16 Angel Fund launches a community of founders to invest in other founders

Ten years ago a group of young tech founders in Moscow decided to get an apartment together, at Shmitovskiy Lane 16. In time, the ecosystem around the group swelled to the point where today it now encompasses 300 entrepreneurs, executives, artists and many other industries. The group now organizes

Greece’s Marathon Venture Capital completes first close for Fund II, reaching $47M

Marathon Venture Capital in Athens, Greece has completed the first closing of its second fund, reaching the €40 million / $47 million mark. Backing the new fund is the European Investment Fund, HDBI, as well as corporates, family offices and HNWIs around the world (plus many Greek founders). It p

Masayoshi Son says SoftBank now has ‘$80 billion in cash on hand’ just in case

Masayoshi Son, the founder and CEO of the Japanese conglomerate SoftBank, has had a topsy-turvy year or two, but the story he is eager to tell is that he is back and in the black. Such was the overarching message delivered at a virtual DealBook conference earlier today, with Son joining from Tokyo

Surging homegrown talent and VC spark Italy’s tech renaissance

As Italy reinstates many COVID-19 restrictions, the country’s tech ecosystem is watching and waiting to see what the wider effects of the emergency will be. Italy’s ecosystem for tech venture capital and startups has been in development for years and has made decent strides in the last

The VC and founder winners of DoorDash's IPO

After years of rumors and high-flying headlines, we finally have the S-1 for DoorDash. Alex has covered the primary details, but I figured it would be good to dive in so we can see who is raking in the returns on the country's delivery startup champion. DoorDash's filing indicates that the

This fintech-focused VC firm just closed a $75 million debut fund; backers ‘came out of the woodwork’

It’s no secret that a massive digital transformation is happening within financial services companies and amid the growing number of non-financial outfits that are also adding financial products to their offerings. Still, Sheel Mohnot, who was formerly a general partner at the fintech fund of

Venture firm M13 names former Techstars LA managing director, Anna Barber, as its newest partner

The Los Angeles and New York-based venture firm M13 has managed to nab former Techstars LA managing director, Anna Barber, as its newest partner and the head of its internal venture studio, Launchpad. Designed to be a collaborative startup company incubator alongside corporate partners, Launchpad f

London and SF have become Impact Tech hubs, with 280% increase in VC in 5 years

New research has found that San Francisco and London have become two of the world's leading hubs for VC investment into tech solutions that address one or more of the 17 UN's Sustainable Development Goals (SDG), more commonly referred to as “Impact Tech”. They are followed by Pa

Former Dropbox CFO Ajay Vashee is joining the powerhouse venture firm IVP in January

Ajay Vashee — who spent the last eight years at Dropbox, rising from the head of finance to CFO over his tenure and helping to take the company public in 2018 — is joining the Silicon Valley venture firm IVP in January. It’s the realization of plans established long ago by Vashee,

Seedcamp raises £78M for its fifth fund

European pre-seed and seed-stage VC Seedcamp has reached £78 million in the first and final close of its fifth fund, Seedcamp V, its largest to date. The round was backed by investors including British Patient Capital, Legal & General, TIFF, LGT, Vintage IP, Isomer Capital and OMERS. VC backer

Carlos Gonzalez-Cadenas, angel investor and COO of GoCardless, is joining Index as partner

Index Ventures, the London and San Francisco-headquartered venture capital firm that primarily invests in Europe and the U.S., has recruited its latest investment partner. Carlos Gonzalez-Cadenas, who is currently the COO of London-based fintech GoCardless and was previously the chief product offic

Spearhead launches $100M fourth fund to transform founders into top-notch VC investors

Venture capital continues to get a founder makeover. Two years ago, I profiled Spearhead, a new program and fund created by Jeff Fagnan at Accomplice and Naval Ravikant, the co-founder of AngelList, to mentor leading founders into becoming the next-generation of angel and seed investors. The premis