Venture

Colorful Capital, which launched in 2022 to focus on investing in LGBTQIA+-identifying founders, will end its attempts at raising a fund, according to an email seen by technewss. It's unclear if the firm is shutting down for good.  Colorful Capital's co-founders, William Burckart and

The family of powerhouse venture capitalist Marc Andreessen, one of the investors behind the hoped-for California Forever utopian city in Solano County, California, is planning a substantial community development in the area, technewss has learned. Andreessen is married to Laura Arrillaga-An

360 One Asset, an investor in India’s National Stock Exchange (NSE), has increased its valuation for the stock exchange to $29.9 billion, significantly higher than the $18 billion to $19 billion price tag the firm was valued at in private transactions last year.  The wealth manager, whi

Life sciences investor BEVC is raising a $25 million fund aimed at climate-related startups, according to an SEC filing. BEVC is new on the scene, having been founded just last year in Berkeley, Calif. Its three co-founders all have backgrounds in the life sciences, and its first two investments,

World Labs, a stealthy startup founded by renowned Stanford University AI professor Fei-Fei Li, has raised two rounds of financing two months apart, according to multiple reports. The latest financing was led by NEA and valued the company at over $1 billion, technewss has learned from several

Balderton Capital — one of the older, larger European VCs noted for investing in Revolut and Wayve — has raised a fresh $1.3 billion in total, spread across two funds. Its Early Stage Fund IX will get $615 million, and its Growth Fund II will get $685 million. The news was greeted with cautio

Techstars is laying off 17% of its workforce and will end its $80 million J.P. Morgan-backed AdvancingCities program once the fund is completely deployed at the end of this year, technewss has learned. The AdvancingCities program, which launched in 2022, saw the launch of accelerator programs acr

Payments infrastructure firm Infibeam Avenues has acquired a majority 54% stake in Rediff.com for up to $3 million, a dramatic twist of fate for the 28-year-old business that was the first Indian internet firm to list on Nasdaq back in the year 2000. Founded in 1996, Rediff rode the initial dot-co

Knowde, an online marketplace for chemicals and polymers, just closed on a Series C round, technewss has exclusively learned. The San Jose-based startup raised $60 million in a round that values it lower than the $500 million valuation it garnered in its most recent round, according to multiple s

More than 100 VCs, including Reid Hoffman, Vinod Khosla and Mark Cuban have pledged to vote for Vice President Kamala Harris in the upcoming U.S. presidential election. Mobilizing under the group VCsForKamala, the VCs are also soliciting donations for Harris’ campaign. But the organizers say

Alex Cook, a partner at Tiger Global who oversaw some of its largest fintech investments and India deals, is departing the firm after a tenure of nearly seven years, three people familiar with the matter told technewss.  Cook has briefed multiple people around him about his departure news in

The founder of once-hyped crypto startup BitClout is facing trouble. On Tuesday, the SEC charged BitClout founder Nader Al-Naji with fraud and unregistered offering of securities, claiming he used a pseudonymous identity to avoid regulatory scrutiny while he raised over $257 million in cryptocurren

The fundraising environment is challenging for emerging managers, defined as VC firms raising their first through third time. But Katie Jacobs Stanton, a former head of media at Twitter who founded Moxxie Ventures in 2019, said that she had a much easier time than she was expecting when raising fu

When Siddhi Capital's Melissa Facchina started working in her family's juice manufacturing businesses at a young age, she got hooked on how to be an efficient operator. As she grew up, she saw how the food system was changing: More people starting to demand transparency in the supply chain