Venture

It’s always nice to have a lot of capital to invest, but managing a large new fund can be even more advantageous right now given that many later-stage companies that put off fundraising last year will likely be in the market come hell or high water in 2023. No doubt traditional venture firms

The Indian insurance platform InsuranceDekho has raised $150 million in a Series A funding round as the firm eyes merger and acquisition opportunities at a time when the market slump has engulfed most startups in the South Asian nation. Goldman Sachs Asset Management and TVS Capital co-led the seve

Fashion: a sector known for influencing trends, creatives and perhaps the future of equity for Black entrepreneurs. Last week was the second Fifteen Percent Pledge gala, hosted by the nonprofit of the same name, to honor Black entrepreneurship and the organization's efforts to increase equity i

Startups are raising less, and less often, right now, and some portfolios are buckling under the weight of write-downs from lower valuations and startups closing for business. But the venture industry continues to swim, and a number of firms are setting up to invest more, even as we swing through t

Almost a year ago to the day, the 50-year-old investing powerhouse Sequoia Capital announced that it had reorganized itself around a singular, permanent structure: The Sequoia Capital Fund. Now, thanks to an SEC form filed on Friday, we know how much is sitting in the fund: $13.6 billion.

Venture firm Nex Cubed announced today the launch of the HBCU (historically Black college and university) Founders Fund, with a $5 million investment from Costco Wholesale, which now joins as an anchor investor. The fund, which is a $40 million accelerator, seeks to foster and invest in startups wh

If you're a French entrepreneur, there's a new venture capital firm in town. Ovni Capital is announcing a first closing of its €50 million fund ($54 million at today's exchange rate) focused on early-stage investments. The firm's two general partners Arnaud Laurent and Augustin Sa

If you follow Southeast Asia funding, you're probably familiar with iSeed SEA. Some of the startups the fund has invested in since it launched in 2020 include Dat Bike, Skuad and Upmesh. What you might not know, however, is that iSeed SEA is a solo GP fund. Now that solo GP, AngelList alum Wing

Five years ago, Google backed away from a Pentagon government contract because thousands of employees protested that its tech might be used for lethal drone targeting. Today, however, Silicon Valley has far fewer qualms about developing tech for the U.S. Department of Defense. So said four investor

Four months after closing its largest fund to date, Kapor Capital wants more. The firm is under new leadership after co-founders Freada and Mitch Kapor stepped back from the outfit, which focuses on funding social impact ventures and founders of color. Now, led by Uriridiakoghene “Ulili” Onovak

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Friday, cha cha cha! Fri-day! Cha cha cha! We're doing a tiny, joyous, two-person conga line around our virtual Daily Crunch editorial Zoom meeting to celebra

The Indian government has ordered Vodafone Idea to convert all the interest it owes to the government into equity in the firm, making it by far the largest shareholder in the troubled telecom giant. Vodafone said it has been ordered to convert capital worth about $2 billion into equity. The company

technewss Live is back, and we’re thrilled to have hosted this conversation with Sameer Shariff, CEO and co-founder of Cambly, and Sarah Tavel, partner at Benchmark. During this hour-long event, you’ll hear how Cambly used a failed Series A fundraise to force the company into a cash-p

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. On the one hand, we could be upset that Punxsutawney Phil saw his shadow, but the sun hasn’t come out where Christine lives for several days, so she's p