Venture

SoftBank is selling one of its venture capital arms, South Korea-based SoftBank Ventures Asia (SBVA), to The Edgeof, a Singaporean investment firm, according to the two companies.   The deal’s financial terms have not been disclosed, but the Singaporean VC firm aims to complete the acquisit

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Ever since the tech downturn began affecting startups, a question kept coming up: What if we are witnessing a correction? The question implied that the way deals were done in the past couple of years, mostly during late-2020 and nearly all of 2021, were the exception, not the rule, and venture inve

Cerbos, a company building an open source user-permission software platform, has today announced a new managed cloud service and a fresh $7.5 million in seed funding. Founded out of London back in early 2021, Cerbos exists in a space broadly known as identity and access management (IAM), a $13.4 bi

Last month, pan-African venture capital firm Verod-Kepple Africa Partners reached the second close of its first fund (Verod-Kepple Africa Ventures), targeting African startups at $43 million. Verod-Kepple Africa Ventures (VKAV) achieved its first close last March (at $20 million) and aims to attain

For a firm whose bets are largely unpredictable, the early-stage venture firm Future Ventures has become very formulaic in its fundraising. Now entering its fifth year, the firm just closed a $200 million fund — its third in a row. In fact, it would have exactly $600 million under management

The market may be be tightening, but not for Eclipse, a Palo Alto-based venture firm that just raised $1.2 billion across two new funds. One fund, with $720 million in capital commitments, will be invested in early-stage outfits, as well as startups that Eclipse itself incubates. The remaining $510

Reach Capital, one of the first venture firms to focus exclusively on edtech, closed its last investment vehicle during an unprecedented boom within tech. The San Francisco-based venture firm saw an increase in digital infrastructure, remote learning and society's ever fickle attention as an op

Forgive me, but this post will likely be a bit of a rant. I had a call with a founder I’m advising this morning. He is out there raising money, and he received a term sheet from an investor (yay!), but the investor suggested that the founder and his co-founder shouldn’t be taking a sala

Though this may be a tough pill for some investors, we are never going back to the days where venture capital firms can win by being the only term sheet on the table — the industry has raised too much capital for that to be possible, even for the most exceptional startups. As VCs continue to fina

When The Exchange wrote about Sweden’s startup scene at the end of last month, we said we’d revisit the Nordics this week. Well, a promise is a promise. But after spending hours watching YC’s Winter 2023 Demo Day pitches this week, we also couldn’t help but try to connect th

The market is slowing down, but that’s not stopping Canaan, a 35-year-old early-stage venture firm that invests in both tech and healthcare. It just closed on $850 million in capital commitments across two new funds: a $650 million flagship fund — its 13th — and a separate $200 mi

The U.K.'s Competition and Markets Authority (CMA) has confirmed that it’s assessing Amazon’s billion-dollar bid for robot vacuum maker iRobot. The case is still at its earliest possible stage, where the CMA is essentially soliciting comments from relevant stakeholders to establish

It’s more than a feeling. According to new data coming out from the research firm PitchBook and the National Venture Capital Association (NVCA), venture firms are raising — and deploying — a lot less money than in recent years. What to know: Overall deal count in the U.S. has fall