Bootstrapped to 800,000 users, online programming community JDoodle lands funding

Started as a side project, JDoodle, which lets developers practice more than six dozen programming languages on one website, hit 800,000 users while being bootstrapped. Now the Australia-based startup has set a goal of 8 million users within the next 24 months after getting $3.2 million AUD (about

Lee Fixel’s Addition raising $1.5 billion for its fifth fund in four years

Lee Fixel’s Addition is looking to raise $1.5 billion venture capital fund as the former Tiger Global executive continues to secure large sums of money despite the slowdown in the market. Fixel’s Addition disclosed the fundraising target in a securities filing. It’s Addition’

Kaya Founders backs Philippines startups from ‘Day 0’

The Philippines' startup ecosystem is poised for strong growth, thanks to the country's rising GDP, fast adoption of online services and a new generation of founders. Launched by tech and investment veterans, Kaya Founders wants to back the most promising startups from the very beginning. T

The 'AI arms race' is about more than who will lead the industry

The conversations around AI and sustainability have centered around two fronts, according to Lorenzo Thione, a managing director at Gaingels. On the one hand, AI's capabilities have grown rapidly, giving rise to new products and technologies that require enormous amounts of computational power

Slack's Cal Henderson and Sir Richard Branson back firstminute capital’s third fund

Despite some typically British (or, more accurately, English) doom-mongering about the UK's VC ecosystem lately, there's no denying its capability for reinvention. Witness Moonfire's recent new $115 million fund, IQ Capital's $200 million fund, and Seedcamp's new $180 million fu

Four venture capital personas (and how to land them)

There's tons of advice out there about how to approach venture capitalists for startup fundraising, but in my experience as both a former VC and current founder, I've found there is no one-size-fits-all method. Venture capital investors get into the industry for many different reasons and c

Peakview, a US LP once solely backed by a Chinese firm, further diversifies its investor base

In the aftermath of Sequoia Capital’s big reveal earlier this week that its China- and India-based affiliates are spinning off into independent entities, we reached out yesterday to someone who we thought might have an opinion on the development. Erik Lassila is a former VC whose Silicon Vall

Atlanta investors are bullish on where the city’s startup scene is headed

Atlanta’s venture scene is growing. To give you a look at the market’s strengths and areas of improvement, technewss caught up with two local VCs as part of technewss’s virtual spotlight on the city. Zane Venture Fund founder and managing partner Shila Nieves Bu

Antler branches out from pre-seed to later-stage investing with $285M fund

Antler has made a name for itself with its rather trusting method of investing in founders without actually knowing what they’re founding. Now the global investment network is moving past pre-seed to A rounds and beyond with its hefty new $285 million Elevate fund. If you’re not familia

Benchmark’s view on the AI race: Talking with Miles Grimshaw

At the end of 2020, Miles Grimshaw became — and remains — the most recent addition to the storied venture firm Benchmark, which has stubbornly refused to change how it fundamentally operates, despite the many changes the rest of the venture world has embraced — particularly regard

Payrails banks $14.4M for its OS for complex payments flows

Enterprises and marketplaces that need to take and make payments across multiple geographies and products have typically relied on mix-and-match bags of third-party services patched together by teams of engineers with some of their own code. But at best, these Dr. Frankenstein creations can be bugg

Greycroft co-founder Ian Sigalow on investing $1B in this market

Greycroft, the now 17-year-old, New York- and Los Angeles-based venture firm, has grown up in more ways than one. What began with three founders has evolved into a 60-person team. What began as a $30 million fund has grown into an enterprise that is today managing more than $3 billion in assets, in

Byju’s sues ‘predatory’ lenders on $1.2B term loan, won’t make further payments

Indian edtech giant Byju’s has filed a complaint in the New York Supreme Court to challenge the acceleration of the $1.2 billion term loan B, calling their demands for prepayment of the entire amount “high-handed,” and sought to disqualify investment management firm Redwood, who i

As deep tech and AI explodes, European deep tech VC IQ Capital closes new $200M fund

European deep tech startups get another shot in the arm this week in the shape of IQ Capital's new $200 million venture fund. The new fund takes its assets under management to more than $1 billion. The London and Cambridge, U.K.-based deep tech VC has closed its fourth Venture Fund at that amou