Venture

Funding for all-women founding teams is stagnant, capital invested in Black founders is falling, and increased awareness of these issues has moved past an era of prolonged think pieces; the next stage in the fight for venture equity is now at the policy level. Concurrently, lawsuits against helping

PitchBook's latest report shows that all-women founding teams have raised 1.9% of all venture capital dollars so far this year, or $2.4 billion out of the total $125.85 billion allocated through Q3. That percentage is only slightly less than what was raised through Q3 last year, when all-women

One of Silicon Valley’s most prominent investment firms will face government scrutiny over its investments in China. Sequoia Capital has received a polite but pointed request from Congress to enter into more detail on how it will prevent further U.S. investment dollars from advancing Chinese

KKR, a global investment powerhouse, tells technewss exclusively that it just held a final close of its third and latest tech growth fund — KKR Next Generation Technology Growth Fund III — with roughly $3 billion in capital commitments, $400 million of which came from KKR’s own e

Despite what numbers might show, some venture capitalists are quite serious in their commitment toward diversity, equity and inclusion — and they are not going away. The New York City Economic Development Corporation (NYCEDC) on Wednesday announced the launch of Venture Access Alliance, a gro

Flanks, which has built an API for automated wealth services, secured $8 million in Series A capital to democratize access to wealth management across Europe. Earlybird Venture Capital led the round and was joined by existing investors JME Ventures and 4Founders Capital. Scalapay co-founder Raffael

Venture capitalist Marc Andreessen posted a manifesto on the a16z website, calling for “techno-optimism” in a frenzied, 5,000-word blog post that somehow manages to re-invent Reaganomics, propose the colonization of outer space and unironically answer a question with the phrase “QED.” Andre

Everyone more or less agrees that 2023 is going to be effectively written off in VC-land. The feeding frenzy of the last few years has left everyone with more than a little indigestion: valuations have flattened or crashed; exits are rarely on the seller’s terms; and few want second helpings,

It is fitting that, in their transition to adulthood, the National Venture Capital Association’s (NVCA) Model Legal Documents (the “Model Docs”) for venture capital financing transactions have not only undergone their most substantial revisions since inception, but also reflect the more r

In a move that will help cement the incursion of U.S.-based VCs into the European ecosystem, General Catalyst and La Famiglia have announced they are, in their words, “joining forces.” That’s the PR spin, but to all intents and purposes, the two operations are engaging in a merger, where

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! We covered lots of happenings in the world of fintech this past week — including raises, a

African startups’ fundraising trends have reverted to what we might call pre-COVID norms. In a nutshell: Startups on the continent raised less money in the third quarter of 2023 than they have since the end of 2020, according to The Big Deal. The continent’s startups are not alone in th

Fearless Fund, which provides grants and investments to women of color, has been indefinitely barred from deploying its $20,000 grant to Black women after the American Alliance for Equal Rights, led by conservative activist Edward Blum (best known as the man who helped overturn affirmative action i

Yooga, developing a Brazil-based restaurant operation management system, raised its first institutional funding of $2.3 million in seed capital. The round was led by SaaSholic with participation by Gilgamesh, Apex Partners and Backfuture. Vinicius Melo, Victor Sortica and Cassiano Guerra Fernandes