Venture

Lux Capital, known for investing in life science and frontier tech startups, is back in the market to fundraise for its latest vehicle — but this time without a dedicated late-stage entity. The firm is targeting over $1 billion for Lux Ventures VIII, according to meeting materials from the New Me

Construction insurance company Billy announced today the closing of an additional $2.5 million led by Entrada Ventures and MetaProp, bringing its total funding to $6.7 million. Nyasha Gutsa and Grant Robbins started the company in 2020 as a pandemic project. Gutsa combined his background in constru

Apple is gearing up to open its first retail store in India to the public later this month, roughly two decades after the company began selling products and services in the South Asian nation that has grown to become the second-largest internet market. The iPhone-maker on Wednesday released a pictu

Five years ago, entrepreneurs, sisters and Favorite Daughter clothing line co-founders Erin Foster and Sara Foster were helping people find their perfect professional and friend matches while co-leading creative for Bumble Bizz and Bumble BFF. Today, they are channeling that energy into finding the

The U.S International Development Finance Corporation (DFC) has made equity investment to the tune of $25 million in a new fund by Pan-African venture capital firm Novastar Ventures, to back founders building agriculture and climate solutions. The DFC revealed details of the transaction, and Novast

Andreessen Horowitz is openly courting capital from Saudi Arabia, despite U.S. strains. According to Bloomberg, Marc Andreessen and Ben Horowitz appeared onstage with WeWork co-founder Adam Neumann to talk for at least the second time since November about their firm’s $350 million investment

W elcome to the technewss Exchange, a weekly startups-and-markets newsletter. It's inspired by the daily technewss+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. Tel Aviv has the fifth most unicorn companies in the world. Yet, relatively little has been wr

We're an impatient bunch here at technewss+, so while we await tidied quarterly venture reports from major startup databases, we're also running our own queries to get early looks at the state of the fundraising world. As it's the last day of the first quarter, we're too antsy to w

Some of the biggest Indian startups are taking a haircut in their valuations, at least in the eyes of their investors, as some backers adjust their estimates amid the weakening global economy. BlackRock has cut the valuation of Byju's, which is India's most valuable startup at $22 billion,

It's estimated that about a third of all food produced worldwide every year, which is approximately 1.3 billion tons, is estimated to be wasted. Aravita, a Brazilian artificial intelligence startup, thinks that supermarkets are the best place to start fixing this problem. Marco Perlman, co-foun

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. Hello, and welcome to Wednesday Crunch! On everyone's mind today is the power of AI and whether we're all doomed. Connie reports that 1,10

Indian insurtech Acko is in late-stage discussions to secure a $120 million funding round at a time when weak global market conditions have subdued large financing deliberations in the South Asian market. General Atlantic is in talks to lead a $120 million round into Acko, the first tranche of whic

Yesterday, the ride-sharing company Lyft said its two co-founders, John Zimmer and Logan Green, are stepping down from managing the company's day-to-day operations, though they are retaining their board seats. According to a related regulatory filing, they actually need to hang around as ̶

Alibaba never fails to show it’s a fan of restructuring to stay nimble in an ever-changing environment. The e-commerce behemoth said Tuesday that it will split into six business groups, which will each be managed by their respective CEOs and follow a holding company structure. Each CEO will r