Future Africa teams up with TLG Capital to set up $25M venture debt fund for portfolio companies

Lagos-headquartered venture capital firm Future Africa is teaming up with TLG Capital, a London-based open-ended credit fund, to launch a $25 million venture debt fund reserved for portfolio companies. The fund created from TLG's existing funds will help Future Africa's portfolio companies

3 ways SaaS businesses can boost revenue in a recession

It's an unprecedented time to be in SaaS. Long term, the sector's prospects are strong. The SaaS market could grow almost 10% every year to 2027 — and I think that's a conservative estimate. In a recent Stripe survey, 63% of B2B recurring revenue businesses said they were confident of

Archive lands $15M as more clothing brands 'get serious about resale'

Scoring that high-end, brand-name outfit — but you know, the kind you find from a secondhand store — can be a thrill. Much of that has traditionally been driven by individuals looking to cash in, but companies like Archive are helping brands themselves grab some of that revenue stream through t

How Chargifi pivoted to Kadence, a platform to enable hybrid co-working, then pulled in $10M

Coordinating people, projects and their various locations has become a headache for companies in the post-pandemic world of remote and hybrid working. There is expensive office space to maintain and logistics to figure out — which employees are going to actually be in and who's working re

Which way is up? The end of free money and the importance of keeping cash on hand

It's always hard to run a startup, but at least in 2021, you knew what you were supposed to do: Grow fast. Now, it's not so simple. At your board meetings, you have one investor complaining that you aren't growing fast enough, another complaining that your burn ratio is

Partech raises fourth seed fund

French VC firm Partech has closed another seed fund dedicated to early-stage tech startups — the fund is called Partech Entrepreneur IV. This time, Partech has raised €120 million. It represents $124 million at today's exchange rate. In 2020, Partech raised $100 million for Partech Entrepr

Climate tech is not doomed, despite climate doom

In the climate tech world, Dan Goldman has seen just about everything: From the clean tech boom that led to the clean tech bust, the dark years that followed, and today's bull market that's transformed climate tech into one of the hottest sectors in the venture world. technewss caught up w

Book Excerpt: ‘Better Venture’ looks at how the current venture model connects to the slave trade

T he following is a lightly edited and truncated excerpt from “Better Venture: Improving Diversity, Innovation, and Profitability in Venture Capital and Startups,” by Erika Brodnock and Johannes Lenhard, published by Holloway. Brodnock and Lenhard interviewed more than 80 founde

New Fare Partners is latest female-led VC to close first fund

Venture capital firms have a tight grasp on their dry powder for now, but amid the investment slowdown are a flurry of new funds being announced, many of them from female-led venture capital firms. The latest is New Fare Partners, co-founded by Elly Truesdell and Hallie Bonnar, who secured $20 mill

Iterative launches its second fund for Southeast Asia startups

Despite global headwinds, Southeast Asia's early-stage startups are still going strong, say the founders of Iterative Capital. The Singapore-based venture capital firm, which runs a YC-style accelerator program, announced today it has raised $55 million for its Fund II from LPs like Cendana, K5

VCs and red flags

Earlier today, renowned VC Bill Gurley put together a list of the many “red flags” that VCs should have paid closer attention to when funding FTX, suggesting in a tweet that this summary of warning signs might help keep VCs “out of the investor hurt locker” going forward. Gu

3 mistakes to avoid as an emerging manager

By all accounts, I was a successful emerging manager. I raised $65 million with fewer than 25 LPs, including an institutional fund of funds and a sovereign wealth fund. I was not a spin-out manager from a name brand fund. Hell, I didn’t even have a VC or tech background. Still, I spent a good

Meet 5 startups working to harness the Earth’s heat to save the planet

There are a few sources of power that are “free” here on Earth, namely wind, solar, hydro and geothermal. Humans have been tapping hydro and wind for millennia, and we're getting pretty good at harnessing the power of the sun. But with geothermal, we're still not expertly exploiting the

A new wave of solo GP VCs is coming to Europe and Hypernova hopes to power it

The U.S. has had solo VC fund managers for many years but the trend is only just starting to catch on in Europe. One of the newest is Underline Ventures, started this year by Bogdan Iordache in Romania. His career trajectory toward being a solo GP fits the profile: a former entrepreneur, a key play