Venture

Ola, an Indian ride-hailing startup, has seen its valuation trimmed by its backer Vanguard amid a weakening global economy that has significantly impacted market capitalizations across numerous public companies. Vanguard cut the valuation of Ani Technologies, Ola’s holding firm, by 35% as of

Sound Ventures, the eight-year-old, Beverly Hills, California-based venture firm led by general partners Ashton Kutcher, Guy Oseary and Effie Epstein, announced a new $240 million AI fund just last week. Turns out half of it is already invested in the three companies that it announced at the time t

PayPal’s shares are off around 11% this morning despite the company reporting better-than-expected revenue and profit in the first quarter. The company also raised its forecast for the year, though that was apparently not enough to sate investors. But frankly, it isn’t shocking to see a

Last year we covered how late-stage tech backer Liquidity Group had raised $775 million for its fintech platform from Apollo (private equity) and MUFG (a Japanese bank). Liquidity is part tech platform and part lender, using its technology to make decisions on deploying debt facilities and other fi

Partners of 3one4 Capital, a venture capital firm in India, recently went on a road show to raise a new fund. Within two and a half months, at the height of the worsening global economy, they had secured $200 million. It’s the fourth marquee fund for the Bengaluru-headquartered fund, whose po

Wildfires, and the damage they cause, are a growing problem. The U.S. saw more than 66,000 wildfires in 2022 alone, and while many think of these natural disasters as largely a California problem, they burn all across the country, causing millions of dollars in damage. Harry Statter knows this as h

For the past year, everyone's been predicting that the muted exit environment and bone-dry funding market would bring a reckoning for many late-stage companies. We've been seeing layoffs and cost-cutting measures across the board as companies look to shore up their balance sheets. And now,

It’s been almost five years since this editor sat down with longtime VC Harry Nelis and three other investors from Accel’s London office to talk about the trends rippling through the venture industry. At the time, our talk largely centered on Brexit and SoftBank’s feverish pace of

Businesses pay a lot of money to have the latest and greatest artificial intelligence tools, but when the purpose of your business isn't tech-related, it isn't often getting the full AI effect. Senzai wants to change that for companies in Latin America. Julian Lopez-Portillo and Darren Timm

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Wednesday is here, and we're still getting excited about Disrupt later in the year. African startups: We'd love for you to apply to Startup Battlefield 20

Billions of dollars are flooding into AI. Yet, AI models are already being affected by prejudice, as evidenced by mortgage discrimination toward Black prospective homeowners. It's reasonable to ask what role ethics plays in the building of this technology and, perhaps more importantly, where in

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. May the twoth be with you — we never did understand that joke, to be honest. Maybe one of y'all can explain it to us. There's still a bi

Ann Lai, a general partner at Bullpen Capital, has been fired from the firm, she says. The investor described the termination experience as “discriminatory and retaliatory” in a LinkedIn post published on Monday. Lai helped raise Bullpen Capital's most recent fund, a $145 million investment

British semiconductor giant Arm is heading back to the public markets after more than five years of private life. Even better, the company’s note announcing that it filed privately to go public — a draft F-1 listing, in other words — said that it may list in the United States. Why get so