Venture

Andreessen Horowitz, the storied venture firm known for being an early investor in some of the biggest tech companies (including Airbnb, Coinbase and GitHub), has created a new fund to continue growing its business despite the slowdown in traditional VC funding. The evergreen fund is titled a16z Pe

Fearless Fund today said it has received a multimillion-dollar follow-on investment from Bank of America, Costco and MasterCard for its second fund, though it declined to share how much the new investment was. All of the limited partners in this follow-on investment are returning investors. Launche

If you were a solo venture capitalist — or solo GP as they have come to be known — during the 2020–2021 boom, you might be in trouble now, especially as valuations from that era have often tanked. However, while the solo GP model has been around in the U.S. for several years, this model of VC

The amount of plastic waste produced globally is on track to triple to over 1,000 million tons by 2060. The Organisation for Economic Co-operation and Development (OECD) report predicts that developed countries will continue to produce the most plastic waste per person, although emerging regions li

Between 2009 and 2019 in the U.K., just around 40 Black people received VC funding, equating to less than 0.4% of all funds allocated to founders. Though the latest figures haven't been released, it's safe to say that plenty of work needs to be done to ensure that more people receive fundin

20SALES, a venture capital fund led by eight women, said it has closed its $5 million inaugural fund, which it will invest mainly in early-stage, business-to-business SaaS companies. The newly launched fund is an offshoot of venture firm 20VC, which was founded by Harry Stebbings, but it is a separ

Boost Capital Partners is the name of a new European + LatAm VC fund that aims to focus on user-experience startups. The London-based VC has hit its first close of $35 million, with a target of $40 million. It’s been founded by Alvaro Alvarez del Rio, who has backed around 100 companies at or

Olx Group, the online marketplace and classifieds business arm of Prosus, has cut around 800 jobs globally. Today’s move comes as the company started to close operations of its automotive business unit Olx Autos in some markets after long exploring potential buyers and investors, technewss l

Smaller venture funds are finding a way to manage in the midst of a conservative market. As with all bear markets, the appetite for risk drops, and although emerging fund managers are often noted to outperform their more established counterparts, some limited partners are weary of bringing on new v

Yellow, an asset financier for solar energy and digital devices in Africa, has raised $14 million series B funding in a round led by Convergence Partners with participation from the Energy Entrepreneurs Growth Fund, managed by Triple Jump, in addition to follow-on investment from Platform Investmen

What are neobanks worth? That’s a question on many people’s minds, especially the investors and employees of the richly valued fintechs that have been waiting for IPOs to make a comeback. Overall, neobanks mostly seem to be doing OK, especially those across the pond. But new data from a

It’s been so long since technewss+ has had the pleasure of covering an IPO from S-1 to first-day trading that we’ve nearly forgotten how to do it. Shaking off the cobwebs, let’s talk about how Cava’s debut went on Thursday. After setting an initial IPO price range of $17 to

The corporate venture arm of automaker Stellantis has invested about one-third of its 300 million euro ($324M) fund into 10 startups that cover everything from battery technology and holographic augmented reality to sustainable manufacturing and even e-bikes. Stellantis Ventures said Wednesday it a

Bejul Somaia, the founding partner of Lightspeed India, staunchly defended the allure of South Asia’s investment landscape, even in the wake of unsettling movements such as Sequoia’s decision to segregate its Indian venture. “The startup and venture model is predicated on learning