Venture

L.A.-based entrepreneur Brian Lee, who previously co-founded and ran The Honest Company, ShoeDazzle.com and LegalZoom, has launched a new sports card collecting platform that’s likely to make a splash, not least because his co-founder in the endeavor is Baseball Hall of Famer Derek Jeter. Bac

Do bigger checks lead to bigger swings? Y Combinator's latest participants are the second batch to land a $500,00 check as part of the accelerator's recently refreshed standard deal. And while the accelerator says it only looks at founders when investing in startups, not sector, category or

Only the strong will survive the avalanche of bankruptcies, layoffs and volatility now cascading through the crypto sector. Investors burned by flimsy promises or forced to panic-sell digital assets will want evidence that companies have undergone proper licensing and due diligence. Customers who b

Michael Mignano has joined the consumer practice of the sprawling venture firm Lightspeed Venture Partners, after previously co-founding the podcasting platform Anchor and then leading Spotify’s talk audio business after the streaming giant acquired Anchor in 2019 for more than $150 million.

Financial management startup Mesh Payments has landed $60 million in new funding, 10 months after its last raise. Founded in Israel and now with headquarters in New York, Mesh Payments is one of a growing group of startups focused on helping companies manage their spend through automation.

Kapor Capital has closed its largest fund to date, a $126 million investment vehicle set to back early-stage founders of color and social impact ventures. The new fund, which has been in the works since February 2021, was raised by managing partners Uriridiakoghene “Ulili” Onovakpuri and Brian

Corporations have been dealing with IT operations and security management since the coronavirus pandemic that has changed the way in which people work — remote or hybrid work — and accelerated the market opportunity. Josys, spun off from its parent company Raksul last year, launched its

This year will likely be a sore spot for venture returns. While we haven’t seen drastic down rounds or sensationalized startup shutdowns yet, if the market continues on its downward trend, it feels all but inevitable. While some firms can shrug off a bad vintage or two — thank you, manageme

Draftea, which calls itself the first day fantasy sports company in Spanish-speaking Latin America, is taking fantasy football (not fútbol) to the region in a new partnership with the National Football League (NFL) and the NFL Players Association, a labor union representing the league’s athl

We've all seen the headlines: Fintech is struggling. Since last year, valuations are down 70%-80%, deal activity is down 67% and layoffs have plagued many former industry favorites. But fintech is resilient. Innovation continues to drive new developments in lending, payments, crypto and, in pa

Six months after announcing $30 million in equity and debt, Boopos, a Miami-based lending platform for business acquisitions and growth, is back with an even bigger round, a $58 million Series A, again in a mix of equity and debt. The latest round includes $8 million in equity and $50 million in de

Two weeks ago, longtime venture capitalist Chris Olsen, a general partner and cofounder of Drive Capital in Columbus, Ohio, settled into his seat for a portfolio company’s board meeting. It turned out to be a maddening exercise. “Two of the board members didn’t show up, and the co

Solid, which rebranded from Wise in 2021, raised a $63 million Series B round of funding to continue providing its fintech-as-a-service offering for companies wanting to launch and scale their own fintech products. The San Mateo-based company works with fintech and vertical SaaS companies and offer

A new company is looking to do for B2B hardware sales what a growing number of companies have been doing in the consumer sphere, by making it easier for businesses to pay for equipment in installments through rentals and subscriptions. While companies such as Klarna and Affirm have been pushing pay