Venture

German launch startup Isar Aerospace has scored $165 million (€155 million) in new funding as it races toward the inaugural flight of its Spectrum small rocket later this year. The company, founded in 2018, is one of a handful of European startups looking to fill the gap in the launch market on t

First Citizens has agreed to buy a $72 billion chunk of Silicon Valley Bridge Bank, the California lender formerly known as Silicon Valley Bank that was taken over by the FDIC two weeks ago after depositors, in a crisis of confidence, made a run on it. SVB served as lifeblood to thousands of startu

Entrepreneur Ankur Nagpal raised a $70 million venture fund last year, called Vibe Capital, from over 200 investors. But now, as the market shifts and LPs are less interested in venture capital, the Ocho founder is shrinking the fund side by roughly 43%, canceling capital calls, and, ultimately, se

"speakable-summary" style="text-align: left;">Indian edtech giant Byju's said on Thursday the firm and any of its subsidiaries are not engaging with rival Unacademy to explore an acquisition or merger, refuting a media report at a time when weakening global market conditions have sparked several

Some say the European tech startup ecosystem lacks investors who have been “operators,” as in former entrepreneurs. And indeed, that has been the case for many years. However, it's good to see that this has been changing, even if the pace has been slow. One of the newest VC funds to wear it

A growing number of investors have begun suggesting that certain venture-backed startups that have yet to find so-called product-market fit throw in the towel. Their argument is that some startups simply raised too much, at valuations into which they will never grow, and that clean, well-planned ex

IPRally, a Finnish startup building a knowledge graph-based patent search engine, has raised €10 million ($10.8 million) in a Series A round of funding. Founded in 2018, IPRally is one of a number of emerging players looking to infiltrate a billion-dollar intellectual property (IP) management mar

French startup Roundtable has raised a $3.2 million (€3 million) funding round from a 100 business angels. That's quite a large group of individual investors, but that's because Roundtable runs an angel investment platform for European startups, and used it to raise the funding. Backed by

Before it crashed, Silicon Valley Bank was known to many startups and venture firms as the place to park their money or take out a capital line. But for emerging managers, it was a lot more than just a financial institution. Multiple emerging managers told technewss+ that SVB was instrumental in h

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. Happy Friday Crunch! There's a persistent theory in hardware that manufacturing overseas is the cheaper/better/more efficient option. You manu

Elemental?Excelerator, a nonprofit investor in climate-tech startups including BlocPower and ChargerHelp, says it’s “doubling down” in the wake of Silicon Valley Bank‘s collapse. Elemental intends to pump $43 million more into climate-tech startups — $13 million of whi

PhonePe has raised another $200 million as part of an ongoing round, a move that has now helped it pull $650 million in recent weeks despite the market slump as the Indian fintech giant bulks up its war chest following its recent separation from parent firm Flipkart. Walmart, which owns the majorit

A year or two before launching Actuator, someone on staff floated the idea of my writing a weekly robotics newsletter. I balked at the suggestion. Surely, I suggested, we would be struggling to fill the pages by week two. It's not so much that I doubted whether there was enough robotics content

Welcome to Startups Weekly, a nuanced take on this week's startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. Writer's note: We're breaking from our usual formatting this week because there was a once-in-a-generat